A Core Competency is a theory of strategy that prescribes actions and enables a company to deliver unique value to achieve competitive advantage in the marketplace. The Core Competency concept was introduced by Prahalad and Hamel (1990) in a Harvard Business Review article. The criteria of core competencies are: provide a set of unifying principles for the organisation and strategies; provide potential access to a wide variety of markets; create in producing of end products and rare or difficult to imitate.
Related Definitions in the Project: The Project Management
