Define: "Core competency" in Business
Multi-headcount capital waste
"The one thing the company actually does right. Stick to it and ignore the noise."
The defining capability or advantage that distinguishes an enterprise.
What does "Core competency" actually mean?
"The one thing this company actually does right, which we are currently ignoring to chase a new trend."
"We need to outsource the design work so we can focus on our core competency."
"Our supposed core competency is innovative software design, yet we still use a shared Excel file to manage production passwords."
By The Chief Waste Officer
18 years in the corporate trenches quantifying waste so you don't have to.
Related Terminology
Tired of hearing this?
Next time someone says "Core competency" in a meeting, track exactly how much company money they just wasted. Play Buzzword Bingo, generate a waste invoice, and stop the bleeding.
