What is a defining feature of a core competence?

A defining feature of a core competence is its alignment with a company's strategic goals. Core competencies are the unique strengths or capabilities that a company possesses, which provide a competitive advantage in the marketplace. These competencies are inherently tied to what the company aims to achieve in its strategic vision and often involve a combination of resources, skills, and knowledge that differentiate the organization from its competitors.

By aligning with strategic goals, core competencies enable a company to leverage its strengths effectively, make strategic decisions, and pursue opportunities that enhance its competitive position. This alignment ensures that the company's resources are utilized in a manner that directly supports its long-term goals and objectives, leading to sustained success and improved market performance.

In contrast, the other options do not capture the essence of core competencies. For instance, while some core competencies may involve external partnerships, this is not a defining feature of all core competencies. Additionally, core competencies are not typically associated with cost-cutting measures; rather, they focus on creating value and differentiation. Lastly, a core competence is indeed central to achieving competitive advantage, as it is these competencies that help to set a company apart in a crowded market.