A core competency is an activity within a firm that provides value or competitive advantage.

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A core competency is a unique ability or attribute that sets a company apart from its competitors and is a significant contributor to its overall success. It can be an activity, function, process, or skill that the company has specialized in and does exceptionally well. A core competency can provide a firm with a competitive advantage by creating value for customers or reducing costs.

A Core Competency Is an Activity Within a Firm That