Do unions make it difficult for companies to attain a competitive advantage?  I think that it is a double-edged sword when it comes to unions and companies attaining a competitive advantage. Unions are necessary to give a voice to the workers while safeguarding them from changes in their wages, pay, and quality of life. Unions can cause organizations to struggle to create a competitive advantage in the economic market by producing the least expensive consumer goods possible. This can limit the job advancement or benefits companies can afford to offer employees since they are providing for the unified force. Unions also provide better productivity and a better-trained workforce.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

 

Do unions make it difficult for companies to attain a competitive advantage? 

I think that it is a double-edged sword when it comes to unions and companies attaining a competitive advantage. Unions are necessary to give a voice to the workers while safeguarding them from changes in their wages, pay, and quality of life. Unions can cause organizations to struggle to create a competitive advantage in the economic market by producing the least expensive consumer goods possible. This can limit the job advancement or benefits companies can afford to offer employees since they are providing for the unified force. Unions also provide better productivity and a better-trained workforce.

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Ethical Leadership
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education