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This is important for contingency planning, so that when you plan for the more common risks that the operation faces, you ensure that the core ones are taken care of, and will continue to run. If you run an e commerce site, for example, you would consider the ability to keep your website running and continue taking orders as a core contingency. Everything else can suffer from some downtime if necessary, but keeping the revenue coming in is a core competency. The non core competencies are the ones that can be disrupted without entirely disrupting the business. This does not mean that the operation can continue indefinitely without these competencies, just that they can be interrupted without completely interrupting the operation. A classic example is…… The foundation of the current private security systems may be credited to Alan Pinkerton.
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We won’t get too much into the deeper technical aspects in this piece.