Preview

Human Resource Can Be an Instrumental in Helping a Company to Create Competitive Advantages.

Satisfactory Essays
Open Document
Open Document
291 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Human Resource Can Be an Instrumental in Helping a Company to Create Competitive Advantages.
Subject: Human resource can be an instrumental in helping a company to create competitive advantages.

Ans: If we want to proof human resource as an instrument for gaining competitive advantages in a company we should focus on two things, one is competitive advantage and another is human resource management process.

We know if any side of a company is more efficient than other companies in between a same industry is called competitive advantage. Competitive advantage is something that means, to achieve the goals how my internal resources support me.
Competitive advantage is related to internal resources of an organization.

On the other side we know human resource is the most important and most effective resource for any organization. Human resource is something that has no alternative for achieving the organizational goals. By using this tool one organization can gain it’s goals and increase its market shares. It is proved that human resource is the most effective tool to achieve company’s internal goals.

The preconditions for achieving competitive advantage are many but low cost and high productivity are the most important for gaining competitive advantages. If a company has a efficient work force or human resource that is technologically advanced and flexible it’s may be possible for that company to gain more competitive advantages into the respective industry. By formulating and executing the work force of a company it can achieve its goals and it can also increase its productivity. More productive the company more advantages in the market. Productive company can fulfill the demand of a market.
By fulfilling the demand its product becomes popular. Sales increased rapidly. Thus a company or a line of a company can achieve competitive advantages by using its human resource

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Week 1 DQ 2: Why is it important for HR managers to realize the importance of human assets? How do human assets contribute to a competitive advantage? In what ways do HR managers ensure employees are satisfied and the company has highly skilled staff?…

    • 968 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Product Design: Product design is a valuable, rare and organized to exploit its full potential; however it is still imitable as issues with patenting always exists. This puts the company with temporary competitive advantage. Research and Development: The Company’s research and development is an important resource and capability, as it is the company’s core competency. At present it is both valuable and rare, however, again it is imitable, and not yet organized to fully exploit it, thereby providing the company with only parity in terms of competitive advantage. Human Resource: The Company’s human resources are valuable, rare, inimitable and fully exploited. It has a strong team with very good skill and know-how hence puts the company in sustained competitive advantage. Innovation: The Company’s innovation provides it with the most competitive advantage through the fulfilment of all the requirements for sustained competitive…

    • 1056 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Competitive advantage occurs when an organization acquires or develops an attribute or combination of attributes that allows it to outperform its competitors. These attributes can include access to natural resources, such as high grade ores or inexpensive power, or access to highly trained and skilled personnel human resources. New technologies such as robotics and information technology can provide competitive advantage, whether as a part of the product itself, as an advantage to the making of the product, or as a competitive aid in the business…

    • 653 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Dreher, G. and Dougherty, T. W. (2001). Human Resource Strategy (1st ed.). Ch. 9 Sustained Competitive Advantage through Inimitable Human Resource Practices. The McGraw-Hill Companies.…

    • 1893 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    508

    • 1291 Words
    • 4 Pages

    Human Resources are an important part of any corporation. They assist employees through implementing programs that facilitate training as well as offering employees benefits such as retirement and leave. While examining the best companies to work for we see the different actions companies take to create employee satisfaction which in turn creates successful companies.…

    • 1291 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    Hrm Final

    • 742 Words
    • 3 Pages

    An organization's human resources are a means by which the firm fosters a sustained competitive advantage. ____TRUE______…

    • 742 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    MBA 786 Spring 2015 Syllabus

    • 4953 Words
    • 22 Pages

    Using human resource management systems to create and sustain competitive advantage. Emphasis on an integrative framework that requires linkage between, as well as consistency among, functional HR activities and their alignment with and reinforcement of the organization’s competitive strategy.…

    • 4953 Words
    • 22 Pages
    Good Essays
  • Powerful Essays

    To attain a sustainable competitive advantage and earn above-average returns, companies should formulate and implement strategies that enable them to better exploit their resources and capabilities to take advantage of opportunities in the external environment than can their competitors.…

    • 841 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Human capital is considered an organization’s core competency and source of competitive advantage, thus strategic management of human assets is critical particularly in knowledge-intensive industries.…

    • 1046 Words
    • 5 Pages
    Good Essays
  • Good Essays

    One of the most important departments in a company is the human resources department. This department is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs. As companies reorganize to gain competitive edge, human resources play a key role in helping companies deal with a fast-changing competitive environment and the greater demand for quality employees. The purpose of this paper is to describe the functional roles of human resources.…

    • 507 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Coca Cola

    • 784 Words
    • 4 Pages

    Human Resource systems in a business implement a variation of tasks such as selection, recruiting, retention, training, performance appraisals, compensation, and benefits. In past times, the central part of the human resources sector was to bring about administrative work mostly related to the recruiting of qualified candidates for employment. However, over the earlier years human resources has converted from being an enabler to being tactical partner in business roles. Important strategic leverage points for human resource are planning, knowledge management, and talent. Human resources supports in providing knowledge management as a foundation of competitive advantage by the growth of organizations' brand, managing investors relationship, managing reputation and beliefs of an organization.…

    • 784 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Human Resources strategic

    • 995 Words
    • 4 Pages

    Human resources are given increasing emphasis, as the primary factor of productivity has become the most important factor for the survival and development of an industry, the most important resource in the knowledge economy age rapidly upgrades the importance of human capital.…

    • 995 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    effectiveness, sustainability, etc. Increasing demand for skilled performers and increasing high attrition of capable workforce forced the companies to shift focus on attracting and retaining high-performing employees in the extremely competitive business environment. Companies have recognized the need to enhance the employee’s opportunity to develop skills and abilities for full performance within the position and for career advancement and growth which would lead to retention of talented workforce in return increase firms performance in terms of profitability and productivity. Companies have realized that in today's competitive business milieu, the quality of people one employs will make all the difference. Lately, human resource management has emerged as an essential factor for sustained competitive advantage. Research highlights that organizations develop sustained competitive advantage through management of scare and valuable resources (Barney,1991). The human resource enables organizations to achieve optimization of resource, effectiveness, and continuous improvement consistently (Wernerfelt, 1984). An organization takes time to nurture and develop human capital in the form of knowledge, skills, abilities, motivation, attitude, and interpersonal relationship, and makes it difficult for competitors to imitate (Becker & Gerhart, 1996).…

    • 1584 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Any successful organization does not owe its success solely to market realities and sustainable competitive advantages. Successful companies are those that consider their human resource as their most important asset.Human resource is thequalitative aspects, that actually make or break an organization.…

    • 623 Words
    • 3 Pages
    Good Essays