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Core competency differentiates you from others. This is an efficiency or capability which is not so easy to copy, imitate or duplicate. There are different reason for that :
a) Patent
b) Copy rights
c) Technology
d) Resource requirements or investments required
e) Experience, knowledge and skills
Example :
Core competency of Intel is manufacturing processing chips which is not manufacturing by Microsoft. The same way, Intel is not a provider of software.
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