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.
HR is called the most important asset because the organization run by the human being and human resource are the image of any organization. If the employees are well trained and skilled then they do work for the organization and show well performance and by which the organization earn profit as well as build good image in the competitive environment. The employees struggled to get competitive advantage by get profit against the competitor.
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
No it isn't. By advertising your products or services you inform consumers about their existence and most importantly you can show the differences between competitive products. In other words advertisement gives you what is called a competitive advantage through differentiation.
its called the abbott organization
That's called 'promoting' or 'promotion'.
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The surrounding of an organization is called its "environment." This environment encompasses various external factors, including economic, social, political, technological, and competitive elements that can influence the organization's operations and decision-making. It can be further divided into specific categories such as the microenvironment (immediate influences like customers and suppliers) and the macroenvironment (broader factors like laws and cultural trends). Understanding the environment is crucial for organizations to adapt and thrive.
The rules for the organization of a language is called syntax.
An organization is called a charitable organization. A person is called a philanthropist.
competitive exlusion
A person who sees an opportunity and takes advantage of it is called an opportunist. entrepreneur
The organization that publishes "Which?" magazine is called Which? Limited.