In this article C.K. Prahalad and Gary Hamel talk about the importance of core competencies and if managed correctly the impact they can have on the companies growth. When executives think about R&D innovation processes improvement and product development immediately arise. Many companies fail to utilize core competencies in their corporation. A core competence is a company wide knowledge and expertise in a skill that creates access to different markets, contributes significant value to end products, and gives security from imitators.
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by in Harvard Business Review on September 23, 2002
