Quality human resource management can be a real competitive advantage that is more difficult for competition to duplicate than even an advantage gained from buying technology or securing capital.

Question

Quizplus · Accepted Answer

Human resource management involves the strategic approach to managing people in a way that maximizes their contribution to the organization. This includes aspects such as hiring the right talent, training, development, and maintaining a positive work culture. These elements are deeply ingrained in the organization's operations and are tailored to its specific needs, making them more difficult for competitors to replicate compared to tangible assets like technology or capital, which can be acquired more straightforwardly.

Quality Human Resource Management Can Be a Real Competitive Advantage