If Firms Are To Achieve A Competitive Advantage Through Their Employees?
Q4. What criteria must be met if firms are to achieve a competitive advantage through their employees?
Organizations which have happy employees have the upper hand on their competitors. An organization’s success depends on KSA (knowledge, skills, and abilities) of employees, as they help to establish a set of capabilities that distinguishes a firm from its rivals, which is to gain a competitive advantage. A firm can achieve a stable competitive advantage through talented employee in case if they are valuable, difficult to imitate, and well organized. A firm can gain the competitive advantage if it is able to focus on the following points:
Trust
An employee-centered competitive advantage begins with trust. Company leaders and executives must develop personal characteristics such as integrity, value and fairness and must give them a chance to prove capability through results. They should trust them and give them some sort of job autonomy so that the individuals can prove their talent. Such cultures ensure employees that they can quickly and easily develop work style that suits best for them instead of being forced adoption of policies. It must avoid top to down communication structures from the management and should encourage employees to cooperate with internal and external people to view and solve business problems.
Encourage creativity
Productivity is …show more content…
Management who implement and check-in balance the workplace ethics policies are usually well-prepared for the conflicts of interest that arise due to the difference of opinion in the workforce. Management must deal with such issues which would otherwise be a cause of turnover, poor performance for the feeling of not being met by their values and principles. Making a compromise is a best policy to keep employees intact with the firm’s strategic
Organizations which have happy employees have the upper hand on their competitors. An organization’s success depends on KSA (knowledge, skills, and abilities) of employees, as they help to establish a set of capabilities that distinguishes a firm from its rivals, which is to gain a competitive advantage. A firm can achieve a stable competitive advantage through talented employee in case if they are valuable, difficult to imitate, and well organized. A firm can gain the competitive advantage if it is able to focus on the following points:
Trust
An employee-centered competitive advantage begins with trust. Company leaders and executives must develop personal characteristics such as integrity, value and fairness and must give them a chance to prove capability through results. They should trust them and give them some sort of job autonomy so that the individuals can prove their talent. Such cultures ensure employees that they can quickly and easily develop work style that suits best for them instead of being forced adoption of policies. It must avoid top to down communication structures from the management and should encourage employees to cooperate with internal and external people to view and solve business problems.
Encourage creativity
Productivity is …show more content…
Management who implement and check-in balance the workplace ethics policies are usually well-prepared for the conflicts of interest that arise due to the difference of opinion in the workforce. Management must deal with such issues which would otherwise be a cause of turnover, poor performance for the feeling of not being met by their values and principles. Making a compromise is a best policy to keep employees intact with the firm’s strategic