Obtaining a competitive advantage is an important aspect of management today because organizations exist in a more global environment than ever before. Within most industries, organizations compete with other companies that are able to provide the same goods and services for less money because they utilize resources in other countries, such as human resources in third world or other low labor cost countries, where workers are typically paid a third of what American laborers receive.
In this one to two-page paper, discuss the building blocks of competitive advantage and the role a manager should play in achieving this advantage.
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