Potential source of competitive advantage

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Reference no: EM133160024

Companies are increasingly acknowledging that their employees are a potential source of competitive advantage. At the same time, however, companies are increasing their reliance on external employees, such as contract labor and temporary workers.

Answer the following questions in essay form

1. As a manager, how would you strike a balance between the number of employees you retain internally and the number of external workers you employ?

2. Develop a strategic plan to identify when companies should rely on internal employees versus when they should turn to external labor.

3. What implications do you think your decisions would have for the morale, commitment, and effort of your employees?

Reference no: EM133160024

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