What is a central competence and its Core Concept

Question

What is a central competence? Explain with its Core Concept.

Answer 1

A central competence is a proficiently performed an internal activity that is core to a company’s competitiveness and strategy. A core competence is more important resource strength than a competence because of the well-executed activity’s central role in the company’s strategy and the contributions it creates to the company’s success in the market-place.

CORE CONCEPT: A core competence is a competitively a valuable activity that a company performs better than other internal activities.