Difference between Core and Distinctive Competencies
Competency of the firm can considered as the ability of the companies to carry out the activities in an effective manner. Companies develop the competencies on the basis of experience and learning. It has been analyzed that there is the difference between the core competency and distinctive competencies. Core competency is the competency of the business firms, which has been essential and central to its overall performance. Through the core competency, company can be able to meet the critical success factors of particular customer groups. On the other hand, distinctive competency is considered as the competitive value which firms perform better than its competitors (Bryson, Ackermann, Eden & Finn, 2004). This competency provides the basis for building the competitive advantage. Distinctive competency is hard for the competitors to imitate. It is identified that distinctive competency is more effective then the core competency. With the help of this, companies can also give tough competition to the rivalry firms in the competitive market environment. It has the characteristic to make the company different from the rest of the competition. Therefore, companies have to focus towards both types of competencies in order to make sound position in the market. References Bryson, J.M., Ackermann, F., Eden, C. & Finn, C.B. (2004) Visible Thinking: Unlocking Causal Mapping for Practical Business Results. USA: John Wiley & Sons. Ge online business assignment help or case study help of any topic from our team of assignment help Australia and US experts. Our assignment writing team will your do your assignment according to your university guidelines without any plagiarism.