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Competitive advantage in workforce competencies

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Can workforce competencies be a source of competitive advantage, and thus, the focal point of a strategic plan? Briefly explain.

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Solution Summary

A discussion on the advantages of and use of workforce competencies in competitive advantage in the market and how it can be applied in a strategic plan.

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Yes, especially in areas of services such as technology support, IT, and any job that used to require levels of skills such as carpentry (helper to journeyman), and retail buyers. When you can boast the advantages of having highly skilled workers in the competencies most needed for your industry, then you often have the competitive advantage. Any company needs to have competencies ...

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