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1. When there is management of an organization’s liabilities as well as an organization’s assets belong to the short-term, it is known as working capital management. When there is such type of managem...

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The assignment for this discussion is to read and map the equity loan process at Faircloth Financial. After reviewing the process, it can be found that there exist a few rework loops and delays within...

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Competitive Advantage (1)

Competitive Advantage (1)

Q For this discussion, let’s move to the topic of how HRM relates to strategic issues in the organization. One of the major themes at the core of strategy is the idea of “competitive advantage.” What is competitive advantage, and how can HR help in creating it for the organization?

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The concept of the competitive advantage can be understood through a notion of superiority of an organization when the company can provide the same kind of value just like its existing competitor companies in the same industry at a lower price or can charge a higher price by offering a greater value through the procedure differentiation. Competitive advantage is resulted from the competencies of the existing opportunities in the industry. In this tremendous competitive business world, it is next to impossible for an organization to survive in the industry without gaining a competitive advantage (Dessler, 2016).