A Study on Gaining a Competitive Advantage Financial Essay
This. research paper assesses how competitive advantage is developed using HR practices. Based on a case study of the State Bank of India from the. an attempt has been made from the employee perspective. Ways to gain a competitive advantage. Making use of external changes. Provided PEST factors change, there can be many opportunities for a company to gain a competitive advantage. An organization must be able to respond to external factors faster than its competitors. Ireland amp Introduction Intrinsic, effective operational strategies are created based on the competitive priorities unique to each organization. Russel and, p. 32. The hospitality industry affects several distinct sectors of society, ranging from the consumer population to the underlying suppliers and staff. Examples of competitive priorities that will. Competitive advantage. Competitive advantage is a company's ability to outperform its competitors. In today's rapidly changing global environment, organizations are becoming increasingly innovative and changing the way they conduct their operations to stay ahead and relevant in their respective fields..