All tagged Core Competence
The Signal-to-noise ratio measures the level of a desired signal to the level of background noise. It’s commonly used in science and engineering applications but, of course, it has as much application in our professional and personal worlds, metaphorically speaking anyway.
When someone close to us emotionally recounts a personal situation and demands that we get involved and do something about it - and we do.
If you look at your role and what you do on a day to day basis, the fact is that at least 70% of your time should be focused on doing your core work.
To say it more clearly, there’s typically one thing that is the raison d’etre of our work, and the vast majority of our time should be focused on that specific thing.
Back when I was in Business School, the undisputed heavyweight champion of the Michigan/Ross Business School universe was a gentleman by the name of C.K. Prahalad. In fact, forget the Ross world, Professor Prahalad was, alongside Michael Porter of Harvard Business School, arguably the best thinker in the world on the subject of Corporate Strategy.
I mean, this was the guy who gave us the term, Core Competence of the corporation, and got us thinking about what it was that a business really did.
