Human Resources are real competitive advantage
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Why it is important in today's competitive scenario that companies make their human resources into competitive advantage? Explain how HRM function can contribute in making this happen.
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Solution Summary
This solution of 277 words discusses the importance of human resources and explains how the department can contribute to a competitive advantage.
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Organization's Human Resources as Competitive Advantage in following way:
In today's world where information accessing has become easy due to invent of powerful internet and various other sources, it is easy to come close to or even better most of technical knowledge which is explicit. But tacit knowledge which is learned by individuals and is specific to Organization situations is difficult to copy and remains as a major competitive advantage and there is where human resources makes difference. Similarly organization's ...
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