"The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer. "The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer.
The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
The concept of competitve advantage is as important for non- profit orgnizations as it is for profit orgnizatios Do you agree with this statement or not? Explain with examples to justify your answer.
What reservations would you have in developing computerized applications to gain a competitive advantage in an important market for your company?
so lol
the principal sources of competitive advantage are lower costs of production and a differentiated product offering.
It is important for a company to make its human resources into a competitive advantage because if your company has good human resources, you are able to to receive more and more customers. (more customers more revenue ) !!!! It will also make your company more likable.
Many firms today realize the importance of attracting and retaining highly skilled, quality employees as a necessary component of their competitive advantage. One of the reasons that a quality workforce along with innovative tools for attracting and retaining has become so important is because previous sources of competitive advantage have become less important overtime.One such tool that soon is likely to gain popularity in the corporate world is Employee Counselling. Employee Counselling is a service offered by companies to their employees. Organizations that care for their employees are perceived as more meaningful and purposeful.
It helps company to gain a competitive advantage
It simply is another way of saying competitive advantage. It is something that your company is doing differently than its competition, which in turn results in a better or more positive customer response. It is the advantage one business has over another that is sustainable and translates into a benefit that is important to target customers.
If we want to proof human resource as an instrument for gaining competitive advantages in a company we should focus on two things, one is competitive advantage and another is human resource management process. We know if any side of a company is more efficient than other companies in between a same industry is called competitive advantage. Competitive advantage is something that means, to achieve the goals how my internal resources support me. Competitive advantage is related to internal resources of an organization. On the other side we know human resource is the most important and most effective resource for any organization. Human resource is something that has no alternative for achieving the organizational goals. By using this tool one organization can gain it's goals The preconditions for achieving competitive advantage are many but low cost and high productivity are the most important for gaining competitive advantages. If a company has a efficient work force or human resource that is technologically advanced and flexible it's may be possible for that company to gain more competitive advantages into the respective industry. By formulating and executing the work force of a company it can achieve its goals and it can also increase its productivity. More productive the company more advantages in the market. Productive company can fulfill the demand of a market. BY: CHARITY YATTS
Human Resources (HR) is often regarded as the most important competitive advantage for organizations because it directly influences employee performance, engagement, and retention, which are crucial for achieving strategic goals. A skilled and motivated workforce drives innovation, productivity, and customer satisfaction, setting a company apart from its competitors. Additionally, effective HR practices foster a positive organizational culture and adaptability to change, enabling businesses to respond swiftly to market dynamics. Ultimately, an organization's success hinges on its people, making HR a vital component of its overall strategy.