Question

What is the competitive advantage of Luck Companies?

Answer 1

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The competitive advantage of the luck companies are:-

1. Unique leadership style: Leadership is an ability of a person or an organization to guide an individual or group of individuals and compel them to produce good results.

2. Creative Workforce: In this organization learning and growth are central. People are allowed their freedom. To find creative solutions to problems, proper standards are maintained and mistakes are allowed to be made which essentially allow a company to build a better structure which is more suited to deal with various different function and challenges that are provided to it. This allows the employees to be more efficient, learn at the job, communicate effectively and therefore, grow, in response to the culture that is followed by the organization.

3. Proper communication: An organisation which acts as a cohesive unit cover for each other's weaknesses and strengths. This creates a balance in power shift aspect of the team, where, proper communication and a sense of a personal goal allows any team which is acknowledged to be able to create further opportunities than the team which isn't well known.

4. Ethics/Integrity: Ethics may be defined as a set of principles to protect the interest of the customers and moral rules, society and business unit as a whole.The organisation regulate their behaviour to distinguish between what is right and what is wrong as perceived by others and in the long run, this can help a business grow and make up a structure run like cogs in a wheel.