Dynamics of competitive strategy

Capabilities encompass the broader range of skills and resources an organization possesses. Competency focuses on the specific skills and attributes of individuals or teams. Core Competency highlights the unique strengths and strategic advantages of an organization that contribute to its competitive edge. To give you an analogy, think of a company as a toolbox. The tools inside the toolbox (competencies) contribute to the company's ability to perform various tasks, and the toolbox itself (capabilities) represents the overall range of tools available. Among those tools, there might be one or two specialized tools that the company is particularly skilled at using, and these tools could be considered the core competencies that truly distinguish the company from its competitors.

CA Suraj Lakhotia

Admin

24-Aug-23 08:52