Business Questions and Answers

Start Your Free Trial

How can human resources management be instrumental in helping a company create a competitive advantage?

Expert Answers info

Lynnette Wofford eNotes educator | Certified Educator

calendarEducator since 2011

write7,057 answers

starTop subjects are Literature, History, and Business

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.

Human resource management, though, is about more than just the stars at the top ranks of a company. At every level of a company's workforce, workers can be more or less productive. A strong human resources department can facilitate finding the best people for every role, providing them with the training to constantly hone and update their skills, and providing a positive work environment which improves productivity and...

(The entire section contains 4 answers and 720 words.)

Unlock This Answer Now


check Approved by eNotes Editorial

Steph Müller eNotes educator | Certified Educator

calendarEducator since 2018

write1,318 answers

starTop subjects are Literature, Business, and Social Sciences

check Approved by eNotes Editorial

Michael Koren eNotes educator | Certified Educator

calendarEducator since 2015

write2,982 answers

starTop subjects are History, Law and Politics, and Social Sciences

check Approved by eNotes Editorial

pohnpei397 eNotes educator | Certified Educator

calendarEducator since 2009

write35,413 answers

starTop subjects are History, Literature, and Social Sciences

check Approved by eNotes Editorial