I’m studying for my Business class and need an explanation.
TEXTBOOK: Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2016). Strategic Management: Concepts and Cases: Competitiveness and Globalization. 12th Edition. Cengage Learning.
Read the Chapter 2 Mini-Case: The Informal Economy: What It Is and Why It is Important?
Respond to question 4: What threats does the informal economy present to firms operating in the formal economy? Use examples from your personal experience with the informal economy.
Respond to the following question (Can be a separate post): What is the difference between exploiting a firm’s human capital and using that capital as a source of competitive advantage? Are there situations in which the exploitation of human capital can be a source of advantage? If so, can you name such a situation? If the exploitation of human capital can be a source of competitive advantage, is this a sustainable advantage? Why or why not?