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Core Competency Analysis has several practical applications in the corporate sector. It helps organizations identify their unique strengths and capabilities that set them apart in the market. This can guide strategic planning and decision-making processes. It can also be used to identify areas for improvement or development, helping to drive innovation and growth. Additionally, it can inform recruitment and training strategies, ensuring that the organization has the necessary skills and resources to maintain its competitive advantage.
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To start, identify your company's core mission and vision statement. Complete a job analysis of all active roles and survey employees to understand your company. Define internal capabilities that are strategically positioned to deliver sustainable value. Perform a core competency review throughout the organization and evaluate its strengths and weaknesses. Compare with other companies with similar capabilities to ensure the development of key competencies is targeted.
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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...