core (adjective, core, \ kɔːr \) capabilities (noun, ca-pa-bil-i-ties, \ ˌkepəˈbɪlətiz \)
Definition: are business actions performed by an organization at a steadily high competency level and which the company itself considers to be essential for staying competitive on the market. A business has to focus on improving and widening its core capabilities to become a dominant force in the marketplace and deliver unmatched products or services to its clients. It’s also believed that the core capabilities of a company can’t be easily copied by the competitors, as they sometimes take years to be developed.
In a Sentence:
- During his speech, the new member of the board of directors promised that our organization would shift its focus back to our core capabilities.
- To evolve as a business, you always have to strive to develop the core capabilities as much as possible.
- Thanks to the constant innovation and improvement, our core capabilities couldn’t be surpassed by any of the competitors in the country.
Synonyms and related words: capability management, core competency, business activity, core rigidities, competitive position
