How Well Do You Understand Your Organization’s Core Competencies?
What if you were to ask your key management team a simple question: “What do we do?” You might be surprised at the answers you would get: answers that lack consistency, focus, and clarity, with your key leaders offering slightly different responses to this seemingly simple and straight forward question. While it may sound somewhat juvenile to suggest that organizations expend effort to solicit feedback on what they do, there are some very compelling reasons to do so. And, in the end, you may find that this simplistic exercise is the root of many organizational troubles.
Align Your Strategy and Operational Plans to Core Competencies
Core competencies are the underpinnings of an organization’s skills and the cornerstone of successful strategic execution. Core competencies represent the fundamental knowledge, abilities, and expertise of an organization. They are what make individuals and organizations unique. Furthermore, your ability to understand and measure organizational core competencies is a critical factor in reaching your desired goals.
