What is the connection between culture and a competitive advantage?
The connection between culture and the competitive advantage is that the strong corporate culture can be directed to the organization to implement a competitive advantage. Culture and a competitive advantage are also associated in the sense that good corporate culture, such as a good package for the social security of employees, inspires employees to be more engaged to the objectives of the organization. A competitive advantage is used to describe a situation where the company is able to publish profits that exceed the profits of other companies involved in a similar type of industry. For example, a company that produces women's clothing could use the same sources as other companies that produce similar products and still can publish more profit than competition. This is the main connection between culture and a competitive advantage, because it is one of the factors that could contribute to such a competitive advantage.
Corporate culture refers to the type of established standards of the behavior in the organization. This may include a factor like the type of attitudeThe organization supports from their employees, such as team players or individual efforts. This may include whether the climate in the organization is occasional, half -green or strictly formal. The two most suitable aspects of corporate culture in terms of a competitive advantage include the way the company concerns its employees and the way the company provides its employees.
Culture and a competitive advantage are connected by the way the company provides its employees. A company that takes the well -being of its employees very seriously inspires more loyalty from employees than a company that doesn't. For example, a company that creates provisions for children's facilities where parents can maintain their small children when they are in the long run in the work. This type of corporate culture gives the company a competitive advantage because its employees will be more productive by the fact that neb idou have to care for them to rush their work to go and pick up their children from care for children or nanny.companies that are more efficient and productive will have a competitive advantage over those that are not as productive. Another way in which culture and competitive advantage are connected is the impact of a strong corporate structure on employees and customers. At a place where corporate culture is well defined, everyone knows what is expected of it and everything is coordinated and more efficient, leading to greater productivity and reducing costs and waste. For example, employees in a production plant with a strong and established corporate culture will know what to expect from them at all times. The supplier and distributor knows his obligations, and this seale effect basically results in reduced costs from which customers can benefit.