Searching for the best way to be successful was never been easy. We all want to succeed in our professional and personal life. Someone would say that starting with a solid plan it is actually a good beginning.
The idea of core competencies is to show us the process of developing ourselves on both corporate and personal level and to help us understand why this is one of the most important business ideas in the world. Core competencies are the current wave of outsourcing on the worldwide business market and many people are starting to learn all the necessary steps for this idea that will help them to stay ahead.
So, let’s see how to stay focus on core competencies and be a master at them.
First of all, let me tell you that by using this idea, you will definitely make the very most of the opportunities open to you. This means that by focusing and using core competencies you will give your efforts to develop a unique level of expertise in areas that really matter to your customers. Also, by focusing on core competencies you can learn how to develop your own skills in a way that you will understand your company’s values by winning a respect and get the career advancement that you want.
If you want to become a master of core competencies there are some steps that are recommended for you to follow and reach your career goal:
Through brainstorming, you can get better results. You should focus on factors that influence your customer’s decisions and deliver them what they really want and need from your service or product. You can always involve other qualified and knowledgeable experts who will help you in this process. After you dig into these factors, maybe you will discover the core competencies that lie beneath them. For example, if a customer values small products, then the competence they value could be “component integration and miniaturization.” So, implementing core competencies through brainstorming is highly recommend and necessary for a business to survive in the market.
Have your own competencies.
Create a list of factors that are important to clients, screen it and follow it. If you analyze them and understand that they are not developing as core competencies, work on that to develop these factors as core competencies. It is never too late to develop your idea and work hard to create unique core competencies that will give you a hand and develop your business idea.
Create sustainable core competencies.
It is a difficult step to have your own business idea and create true core competencies. You should find the best way to create sustainable core competencies and follow them on a daily basis.
Look for the solution in any area.
When you are developing your core competencies you need to focus on any area. The business is not only marketing, or accounting and sales. Business is also communication with customers, creating a work environment for your employees, covering expenses, balancing work-life, Human Resources, and more. You should not focus on one area of your business and forget about the other. Make sure that you will have the right people to guide you and help you cover all area of your business and be the best in what you are doing.
The businesses want to be the best with core competencies. However, the question that many of them are asking is where this uniqueness comes from and how it can be sustained.
The answer of this question is coming from a paper “The Core Competence of the Corporation,” C.K. Prahalad and Gary Hamel where they used examples of slow-growing and now-forgotten mega-corporations that failed to recognize and capitalize on their strengths. Also, to understand this more they were comparing these examples with star performers of the 1980s (including an NEC, Canon, and Honda), which had a very clear idea that makes them grow faster.
During their development, these companies were focused on their core competencies and after a while, they become master at them. Products of these companies were more advanced than those of their competitors, and because of their quality customers were willing and prepared to pay more for them.
So, while their competitors were focused on areas of strengthening their products, these successful companies took as an example of great core competencies, were focused on the next level which is building up their products and lead the worldwide market.
After analyzing this example and answering the most important question about core competencies and understanding the work of core competencies, you are ready to concur more on the global market. I guess after this explanation and guideline, you will sit down on your own or maybe with your team and people that you trust and start creating true and sustainable core competencies.