Core Competency Matrix

The Core Competency Matrix is a 2x2 matrix used to evaluate a company's core competencies. It is used to identify areas of strength and weakness, and to prioritize resources and investments.

At a very high level, the Core Competency Matrix is used in the context of business, strategy.

Core Competency Matrix quadrant descriptions, including examples
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What is the Core Competency Matrix?

A visual explanation is shown in the image above. The Core Competency Matrix can be described as a matrix with the following quadrants:

  1. Core Competencies: Skills and capabilities that a company has developed over time and are essential to its success, e.g. customer service, product development, and marketing.
  2. Competitive Advantages: Skills and capabilities that give a company an edge over its competitors, e.g. proprietary technology, brand recognition, and access to resources.
  3. Weaknesses: Areas where a company is lacking in comparison to its competitors, e.g. lack of resources, outdated technology, and poor customer service.
  4. Opportunities: Areas where a company can improve and gain a competitive advantage, e.g. investing in new technology, expanding into new markets, and improving customer service.

What is the purpose of the Core Competency Matrix?

The Core Competency Matrix is a 2x2 matrix used to evaluate a company's core competencies. It is used to identify areas of strength and weakness, and to prioritize resources and investments. The four quadrants of the matrix are:

  • Core Competencies: These are the skills and capabilities that a company has developed over time and are essential to its success. Examples include customer service, product development, and marketing.
  • Competitive Advantages: These are the skills and capabilities that give a company an edge over its competitors. Examples include proprietary technology, brand recognition, and access to resources.
  • Weaknesses: These are the areas where a company is lacking in comparison to its competitors. Examples include lack of resources, outdated technology, and poor customer service.
  • Opportunities: These are the areas where a company can improve and gain a competitive advantage. Examples include investing in new technology, expanding into new markets, and improving customer service.

The Core Competency Matrix is a useful tool for evaluating a company's strengths and weaknesses, and for determining where to focus resources and investments. By understanding the core competencies and competitive advantages of a company, managers can make informed decisions about how to best allocate resources and investments.


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What templates are related to Core Competency Matrix?

The following templates can also be categorized as business, strategy and are therefore related to Core Competency Matrix: Effort Impact Matrix, Gap Analysis Matrix, Growth Share Matrix, Kraljic Matrix, Outsourcing Matrix, Quadrant Analysis, Risk Analysis Matrix, Risk Value Matrix. You can browse them using the menu above.

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