Identifying core competencies involves a systematic analysis of the company’s strengths and capabilities. Here are some steps to follow:
Internal Analysis: Conduct a thorough internal analysis to understand your company's skills, resources, and unique capabilities. Customer Feedback: Gather feedback from customers to determine what they value most about your products or services. Competitor Benchmarking: Compare your offerings with competitors to identify what sets you apart. Cross-functional Collaboration: Engage different departments to get a holistic view of the company’s strengths.