Definition of Competencies for Innovation

✅  Related keywords: core competencies, threshold competencies, capabilities

📖  What are Competencies for Innovation?

The ways in which a company utilizes its resources. An example of an innovation competency is Apple designing its own operating system, hardware, software, and services. A threshold competency is a baseline competency a company needs to compete in its industry, such as the ability to transform a technology patent into a product. A core competency is a defining process by which a company distinguishes itself from the competition. An example of a core competency is the ability of NASA to integrate open innovation into its operational model.

Explore related definitions

More innovation terms explained.

Join the RGI Challenge and win $500 >>
Join the AI Hackathon and win $500 >>

Your account has been created!

You can vote for the resources!
Help others find the best innovation resources by upvoting.

NO RESOURCES YET
Placeholder

Add your first resource by clicking on any collect button.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Add "Item"
Add Item

Collections are a way to save and organize resources. Many people use collections to save inspiration for future use or for inspiration. You can create as many collections as you like.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.