Assignment task:
What makes an effective culture effective? There are four sources common to effective cultures. Please analyze each one and how they contribute to competitive advantage.
Review the four important sources of competitive advantage (referrals, returns to labor, relationships, and retention). Explain the role that each source plays in an effective culture. That is, describe how they each can lead to creating a competitive advantage in an organization.
Organize response as follows:
Introduction
Note the strength of each source and the specific contributions each one provides to give an economic and competitive advantage to an organization.
Support your work with an example of how you see each of the 4 R's can benefit an organization.
Summary - from the leader's point of view, which source stands out to you as more important than the others? Justify your choice by stating how your selected source would specifically have a positive impact on an organization you are familiar with or how it can be used as a real-world example.