Glossary entry

What is a core competency?

A core competency is a special skill or resource that makes a company unique and gives it a sustainable competitive advantage. It is created through the combination of knowledge, processes and technologies that are difficult to imitate. Typical core competences can be, for example, innovative strength, customer proximity or efficient production processes. Companies should concentrate on their core competences in order to be successful in the long term.

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What is pooling?

Pooling refers to the contractual combination of the voting rights or shares of several investors or founders in order to represent them as a unit.

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