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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).