Question

Explain with examples of how human resources management can be instrumental in helping a company
create a competitive advantage.

Answer 1

The answer is


Human resources play a key role in creating a competitive advantage for many different types of company. Especially in the "resource light" new economy, the main value in some companies lies in the ideas and talents of creative and innovative people rather than in capital or other tangible assets. The innovative ideas and designs of Steve Jobs for Apple or Bill Gates for Microsoft or Warren Buffett for Berkshire Hathaway were the keys to the successes of those companies. What this means is that attracting and retaining top talent is the key to success in many industries.

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