Core competencies become far more powerful when they work together. In this episode, Allon Raiz explains the concept of the “flywheel effect” and why core competencies should reinforce each other over time. When built correctly, each competency creates energy for the next, making the business stronger, more efficient and harder to compete against.

Core competencies: The flywheel effect

Allon Raiz speaks and lectures to audiences and business schools across the globe. His organisation, Raizcorp, has spent the past two decades incubating over 13 000 entrepreneurial businesses. His exposure to thousands of entrepreneurial journeys, as well as his own, has resulted in an unmatched depth of experience in the field of entrepreneurship. Raizor’s Edge is devoted to entrepreneurs at various stages of their journeys who may use these conversations as a catalyst to solving a problem, as an affirmation of a strategy or for more insight and additional knowledge. Each discussion is a no sugar-coated ode to entrepreneurs; each expresses the entrepreneurial journey as it is – warts and all!

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Core competencies: The flywheel effect

Core competencies: The flywheel effect