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Seminar paper from the year 2004 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7 (A-), Nürtingen University (Business), course: 'Oberseminar' Projektmanagement, language: English, abstract: This paper deals with the concepts of core competencies and core processes within the scope of business sciences. It will first give an overview of the classification of the concepts and will then move on explaining how these ideas are implemented within the company. The importance of professional skills is identified and examples will provide a more practical insight into the issue.