Asked by Samantha Adams on Jun 19, 2024
Verified
Are employees always an organization's most valuable resource? Why or why not? What criteria is required for organizations to achieve competitive advantage through their human resources?
Competitive Advantage
A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.
Human Resources
The department within an organization that handles recruitment, management, and direction for the people who work in the organization.
- Understand the role of human resources in gaining a competitive advantage for an organization.
Verified Answer
KA
Keyla AdeetaJun 21, 2024
Final Answer :
In order to determine whether an organization’s resources will contribute to competitive advantage, four criteria must be satisfied. The resources must be:
a. valuable
b. difficult to imitate
c. rare
d. hard to substitute
a. valuable
b. difficult to imitate
c. rare
d. hard to substitute
Learning Objectives
- Understand the role of human resources in gaining a competitive advantage for an organization.