Creating Competitive Advantage - Importance of Ethics, Culture, and Innovation

Running head: CREATING COMPETITIVE ADVANTAGE
CREATING COMPETITIVE ADVANTAGE
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1CREATING COMPETITIVE ADVANTAGE
Introduction
Ethical considerations of the organization will be based on the functioning of the
systems of the business as it helps in fostering continuous innovation. The competitive
advantages are thereby used for the purpose of generating a greater value for the organization
and the shareholders with the help of its strengths. Competitive advantage can help the
organization to operate in an efficient manner in the industry as compared to its competitors.
The ethical standpoints of the organization and the manner in which it is characterized by
culture and diversity helps in fostering continuous innovation as per the processes of the
business. The management of people or human resources plays an important role in the ways
by which competitive advantage can be created by the organizations (Albrecht et al., 2015).
1. Creating an ethical organization
An ethical organization can be created through the imposition of different policies that
will be affecting the competitive advantage. The ethical standpoints of the organization will
be based on the management decisions that will be helping to sustain the business. The
different aspects of the growth of the organization are characterized by the competitive
advantage of the same, which helps the organization in acting ethically. The different factors
that characterize the competitive advantage of the organization are:
Productivity – The productivity of an organization is totally dependent on the
people or the human resources which are able to provide the products and
services.
Effectiveness – The management of policies or strategies that have been
creates by the organization are implemented successfully with the help of
proper operations. The proper management of the people who are a part of the