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Rick Ferri, CFA - Investment Analysis and Advice

Rick Ferri, CFA - Investment Analysis and Advice

Categories: Business, Finance and Banking
Topics: all about asset allocation, all about asset allocation second edition, asset allocation, bogleheads podcast, etf, exchange traded funds, index etf, index fund, investment advisor, investment analysis and advice, portfolio solutions, power of passive investing, rick ferri, rick ferri books, serious money, the etf book

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core-4.com core-4.com           
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Management concept of identifying the basis of competitiveness in an industry. A core competency is a concept in management theory introduced by C. K. Prahalad and Gary Hamel. It can be defined as "a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace" and therefore are the foundation of companies' competitiveness.Core competencies fulfill three criteria: Provides potential access to a wide variety of markets. Should make a significant contribution to the perceived customer benefits of the end product. Difficult to imitate by competitors.For example, a company's core competencies may include precision mechanics, fine optics, and micro-electronics. These help it build cameras, but may also be useful in making other products that require these competencies.

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