Explain the source of competitive advantage

Reference no: EM1341728

Can cultural diversity in a company can be a source of competitive advantage?

Employing team members from around the world for a single, collective effort may allow organisations to achieve cost savings and maximize the impact of human resources. This implies that a manager's ability and skill to create and manage multinational teams is a significant factor in enabling an organisation to realise its goals and visions.

What evidence is there to suggest that cultural diversity in a company can be a source of competitive advantage? How can this potential be realised in practice and what are the main difficulties involved? Finally, how do you interpret the concepts of e-ethical leadership and practice in light of what you know about cross-cultural management, and how can these concepts by effectively applied to cross-cultural teams?

Reference no: EM1341728

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