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|German to English translations [Non-PRO]|
Bus/Financial - Business/Commerce (general)
|German term or phrase: Kernkompetenz|
|Quarterly report of a company producing systems for storing and reading biometric data for security passes etc.|
|English translation:core competencies|
Core competencies are resources and capabilities that serve as a source of competitive advantage for a firm over its rivals. Often related to a firm's functional skills (e.g. the marketing function is a core competence at Philip Morris), the development, nurturing, and application of core competencies throughout a firm may be highly related to strategic competitiveness Thus the resource-based model (of superior returns) argues that core competencies are the basis for a firm's competitive advantage, its strategic competitiveness, and its ability to earn above-average returns.
The above is from "Strategic Management, Competitiveness and Globalization" by Hitt, Ireland, and Hoskisson (advanced college-level management text).
Hope this helps!
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Local time: 11:12
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| Andy Lemminger|
Local time: 09:12
Specializes in field
Native speaker of: German
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