Describe how a core competency relates to a competitive advantage. Core competencies occur when competitive advantages are used to advance a strategic window. Competitive advantages are things a company does well, while core competencies involve implementing those advantage Competitive advantages result from matching a core competency to marketplace opportunities. Core competencies involve aligning competitive advantages with corporate objectives.

Core competencies are unique strengths and abilities that a company possesses, which give it an edge over its competitors. These competencies can be in the form of specialized knowledge, expertise, or a particular set of skills that allow the company to deliver value to its customers. On the other hand, competitive advantages are the benefits that a company has over its competitors, which can be in terms of cost, quality, or unique features of its products or services.<br /><br />The relationship between core competencies and competitive advantages is that core competencies can be used to create or enhance a company's competitive advantages. In other words, when a company has core competencies, it can leverage them to develop products or services that are superior to those of its competitors, thereby gaining a competitive advantage. This can be achieved by using the core competencies to innovate, improve efficiency, or reduce costs, which can lead to a stronger market position and increased profitability.<br /><br />In summary, core competencies are the foundation upon which competitive advantages are built. By leveraging their core competencies, companies can create or enhance their competitive advantages, which can lead to increased market share, customer loyalty, and long-term success.