Why is it important for managers to recognize the interdependence in the attraction, development, and retention of talented professionals?
Answer to relevant QuestionsWhat are some of the potential downsides for firms that engage in a “war for talent”? Select a firm for which you believe its social capital—both within the firm and among its suppliers and customers—is vital to its competitive advantage. Support your arguments. Explain the relationship between the three generic strategies and the five forces that determine the average profitability within an industry. Think of a firm that has attained a differentiation focus or cost focus strategy. Are their advantages sustainable? Why? Why not? Discuss some of the actions that managers may engage in to erode shareholder value.
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