Asked by Shakira Robertson on Jun 10, 2024
Verified
Michael Porter estimates that it takes approximately five years to duplicate a competitive edge in human resources.
Competitive Edge
A unique advantage that allows an organization to outperform its competitors, often through superior products, processes, or services.
Michael Porter
A renowned economist known for his theories on economics, business strategy, and competitive advantage.
- Acknowledge the contribution of human resources towards competitive differentiation and the crucial value of human capital.
Verified Answer
RM
Rahma MubarakJun 15, 2024
Final Answer :
False
Explanation :
Michael Porter did not specify a time frame of approximately five years for duplicating a competitive edge in human resources. His theories primarily focus on competitive strategy and the forces that shape competition within an industry, rather than specific timelines for duplicating competitive advantages in areas such as human resources.
Learning Objectives
- Acknowledge the contribution of human resources towards competitive differentiation and the crucial value of human capital.
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