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Why is it important for a company to make its human resources into a competitive advantage and how can HR contribute to doing so?
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.
Is No Change strategy is a positive strategy?
It is as long as the company holds a strong competitive advantage and the market is growing.
What competitive advantage to a training and consultancy services company may be provided by an information system?
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How human resource management can be instrumental in helping a company to create competitive advantage?
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
Why did you choose in this company?
I chose this company because of its strong reputation for innovation and commitment to excellence in the industry. The values align closely with my own, particularly in fostering collaboration and continuous learning. Additionally, the opportunity to work with talented professionals and contribute to meaningful projects excites me and aligns with my career goals.
Why is it important for a company to make its human resources into a competitive advantage and how can HR contribute to doing so?
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.
How can a company create a competitive advantage?
The best way that a company can create a competitive advantage would be to differ in what services they provide compared to similar companies. This gives them an edge and will draw in more customers by having this advantage.
What does competitive advantage mean and what is one means of identifying?
A competitive advantage is something that allows one company to outperform competitors. One way to identify a competitive advantage is comparing profits. If one competitor has higher average profits, then it has some kind of competitive advantage.
What reservations would you have in developing computerized applications to gain a competitive advantage in an important market for your company?
What reservations would you have in developing computerized applications to gain a competitive advantage in an important market for your company?
What is the connection between a company's strategy and its quest for sustainable competitive advantage?
The central thrust of a company's strategy is undertaking moves to build and strengthen the company's long-term competitive position and financial performance by competing differentlyfrom rivals and gaining a sustainable competitive advantage over them.
What is competitive advantaged?
Competitive advantage is a term given to any factors that helps a business succeed over its rivals. If a business has a better location than another rival business, that would be a competitive advantage. Another example of competitive advantage might be the company's products versus a rival's products or a company's total market share.
How can a company gain a competitive advantage over its competitors?
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What competitive advantage does high brand equity provide a company?
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How can competitve advantage be obtained through recruitment and selection?
A competitive edge can be obtained through recruitment and selection by recruiting the brightest personnel. The employees would then contribute ideas that put the company at the top.
Which area do you believe contributes most to helping a company gain a competitive advantage?
Price, service and location can contribute to a company's competitive edge. Sometimes, one of the above elements is enough but should be weighed against other factors. A price that's low in comparison to XYZ Mart gives a business an advantage. Many people will go out of their way to find a bargain. A company's service is like a business card. It represents you, your business. A company with quicker service and good results could have a competitive edge. A company that's easily accessed has a competitive edge. People are likely to do business where there's no hassle getting to and from a location. Still, all elements have to be looked at in totality.
What does it mean for a company to have a competitive advantage?
A competitive advantage refers to the unique attributes or capabilities that allow a company to outperform its rivals in the marketplace. This can stem from various factors, such as superior technology, brand reputation, cost efficiency, or exceptional customer service. A strong competitive advantage enables a company to attract more customers, increase market share, and achieve higher profitability compared to its competitors. Ultimately, it helps sustain long-term success and growth in a competitive environment.
How can an entrepreneur give his or her firm a competitive advantage?
An entrepreneur can give his or her firm a competitive advantage by attempting to establish a unique image for their company. This unique image will help set the entrepreneur's business apart from their competition, thus driving more sales to their company over their competitors'.
