key activity
/ˈkiː æktɪvɪti/ · key ac·tiv·i·ty
noun
- The most important or critical task or process in an organization or project, which has a significant impact on its overall success. The company's key activity is developing innovative products that meet the changing needs of its customers.
- A task or process that is essential to the functioning of a system or process, and which, if disrupted, would have significant consequences. The key activity in the supply chain is the timely delivery of raw materials to the manufacturing plant.
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Did you know? The concept of key activities is closely related to the idea of core competencies, which was first introduced by Gary Hamel and C.K. Prahalad in their 1990 Harvard Business Review article 'The Core Competence of the Corporation'.