4 Criteria of Personal Core Competencies

Have you ever wonder how a person get paid so much for their career while you believe the job is not extraordinary? Well, I do sometimes. 

Recently I learned an corporate internal environment analysis in my master and came across the core competency criteria. It was nothing particularly new or unique, but at a closer look, I tried to apply to myself as a person. 

It WORKS! Let's see how...

What is Core Competency?

Following the concept by Coyne, Hall, and Clifford proposed that the core competency is "aggregates of capabilities, where synergy is created that has sustainable value and broad applicability." 

The 4 Criteria

A core competency must be:

• Valuable
• The set of capabilities should help the person in the process of finding opportunities and create value, or preventing threats from surrounding.
• Rare
• The capabilities are possessed by few people, or none.
• Costly to Imitate
• The capabilities should not be easily copied due to 3 main factors:
1. Experience- Rich or extraordinary personal experience
2. Causal ambiguity
   - Unique ways of doing things that no one can understand
3. Social complexity
   - Network and relationship of the person
• Non-substitutable
• The capabilities that is invisible to others; thus, make it difficult to substitute.

Core competencies are the reason behind the differences between individuals which create competitive advantage that makes others perceived you are an important person that cannot be substituted.

I hope after reading this article you can find your capabilities and create your own core competencies.

"Shaping the Future of Business"

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