Core competencies are ______ (choose all that apply).
A) the glue that keeps teams together
B) the engine for new business development
C) the glue that binds suppliers and customers together
D) the engine for developing new collaborations

Question

Quizplus · Accepted Answer

Core competencies are the engine for new business development. They are the unique abilities and strengths that a company possesses, which allow it to gain a competitive advantage and offer superior value to customers. Core competencies can include specialized knowledge, technical skills, strategic resources, and organizational capabilities. They are the foundation upon which a company builds its business and creates lasting success. A and C are incorrect because they refer to the idea of core values or principles that bind teams, suppliers, and customers together, which is distinct from core competencies. D is incorrect because while core competencies can help support collaboration, they are primarily focused on driving business development.

Core Competencies Are ______ (Choose All That Apply)