Utilizing a Core Competence




Core Competence
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Michael, USA

Utilizing a Core Competence

Once an organization has defined its Core Competence, finding or creating new markets to leverage the CC becomes a crucial task. Who can give some advise or suggest a generic method how such markets can be discovered? Please share your experiences.
 

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Burt Miller, US
 

Finding Markets for Core Competences

Each year, we ask our SBU's to come up with new ideas. On top of that we established a Center of Excellence to assist in the process, nurture the CC and help think out of the box. Competitive Benchmarking is another track you may want to explore.

 
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Sjef, Netherlands
 

Tool to find new markets

Try Blue Ocean Strategy - Four Actions Framework.

 
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Rajan Mani, India
 

Markets for Core Competence

I doubt whether any generic method is feasible. After all, every market is unique and in the process of synchronising with core competence, the process of seeking best fit has to be undergone. I suppose this is where the concept of a 'strategic window' becomes relevant

   

More on Core Competence:
Summary
Discussion Topics
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🥈 CC as an Organisational Trait(s)
🥉 Identifying a Core Competence
Imitation of Core Competence
Core Competency versus Corporate Competency?
The Virtual Company and Core Competences
👀Utilizing a Core Competence
Always link Strategy to CC
Financial Valuation of a Core Competence
Core Competences and Porter's 5 Forces
Is CC REALLY Different from FF?
Leadership & Core Competence
Core Competency Should be Challenged
Integrating the Core Competence
People are our Greatest Asset
Core Competences Change due to ICT
Defining New Services / Capabilities
Outside- in vs. Inside-out
Examples of Core Competences
Is There Any Difference Between a Competence and a Competency?
Collaboration and CC
🔥 The Role of AI in Core Competence
Special Interest Group

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Core Competence
Knowledge Center



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