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The main components of the Core Competency Analysis framework typically include the identification of potential core competencies, the analysis of these competencies, and the selection of the most valuable ones. This process often involves assessing whether the competencies are hard to imitate, provide a competitive advantage, and can be leveraged widely. The framework may also include the development and management of these competencies.
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While your company's technical skills provide a benefit to customers, it is easy to imitate and can't be leveraged widely as a competitive advantage over your peers. Alternatively, your management skills are hard to imitate, but don't really provide customer benefits and can't be leveraged widely as a core competency. Your risk management skills, on the other hand, are difficult to imitate and can be leveraged widely over your competition — thus, it passes the test to be prioritized over the other two options.(Slide 18)
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What positions your organization as a force to be reckoned with? Use our Core Competency Analysis deck to select, develop, and analyze the resources a...
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