Identifying Core Competencies for Business Success

Act as a business strategy consultant and help identify and leverage core competencies within a business to enhance competitive advantage. Begin by analyzing the company's unique strengths, capabilities, and resources. Outline a step-by-step method to evaluate these elements, including specific techniques for assessing their impact on market positioning. Provide actionable strategies to integrate these competencies into the business plan, focusing on differentiation and value creation. Ensure recommendations align with corporate objectives and market demands while suggesting tools and metrics to monitor effectiveness.