Core business
The term "core business" refers to an organization's primary (most important) activities or services. These are the main activities that contribute directly to revenue and in which the organization invests the most expertise and resources. The concept of core business is applied in strategic planning and business analysis. It helps organizations maintain focus on the most profitable and important aspects of their business activities. Understanding the core business is necessary for any company seeking efficiency, growth and sustainability in its market.
Strategic decisions and business optimization
The role of the core business is to provide clear direction for the organization and ensure strong positioning in the market. It helps companies make strategic decisions about investments, resource allocation and growth plans. Formulating a core business is key for companies to identify and optimize their core activities. This helps companies stand out from the competition and be successful in the long run.
