In which of the following situations does a market leader position make sense?
A) when an organization's main objective is to control costs
B) when an organization is competing for specialized skills in a tight labour market
C) when the supply of a particular skill exceeds the demand for that skills
D) when an organization has strong variable compensation programs
E) when an organization is looking to pay employees comparable rates to the relative marketplace

Question

Quizplus · Accepted Answer

When an organization is competing for specialized skills in a tight labour market, a market leader position makes sense because top talent is more likely to be attracted to and remain with a company that is a recognized leader in its industry. This can give the organization a competitive advantage in attracting and retaining qualified employees.

In Which of the Following Situations Does a Market Leader