How an organiztion could achieve sustainable competitive advantage through its human resour

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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How an organiztion could achieve sustainable competitive advantage through its human resources?

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The competitive advantage concept in its broadest sense is rather straightforward and transparent. Every developing firm seeks an advantage to enhance its clientele and boost profits. To do this, the business must be aware of each and every rival in the market and be able to predict their actions.

The company will need to develop a plan to prevent the competition from gaining a majority share of the market. The problem cannot be solved by simply replicating an amazing company's culture, beliefs, and decision-making procedures because these elements cannot be applied to other organizations or even other firms without modification.

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