Key success factor and core competency are synonyms.

Question

Quizplus · Accepted Answer

Key success factors and core competencies are related concepts, but they are not synonyms. Key success factors refer to the specific factors that are necessary for a business to succeed in a particular industry or market. Core competencies, on the other hand, are the unique strengths and abilities that a company possesses and that give it a competitive advantage in the marketplace. While having strong core competencies can be a key success factor, the two terms are not interchangeable.

Key Success Factor and Core Competency Are Synonyms