¶ … Companies Good Management
Prevailing thought holds that companies should utilize their human resources to create and maintain a competitive advantage. Fortunately, business leaders have finally universally acknowledged that employees are not disposable and contribute substantially to the bottom line when held in regard and treated with respect. The fact that human capital has become the greatest source for competitive advantages when once it was financial resources and then technological resources has been substantiated in various studies. Essentially, no matter what other resources one uses, technology for example, the competition can always buy the same or better technology. They cannot however, have the exact same people. Therefore, focusing on making one's team the best in the businesses is a good business practice, because doing so allows one to maintain a sustainable competitive advantage.
Now the question becomes: how does one use this human capital to create a competitive advantage? The answer lies in the companies' ability to effectively manage its human capital to that end, and, while...
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