Question

1.Some firms can actually see whether or not their efforts facilitate Competitive Advantage. Give two working examples.

2. Compare ISO 14000 with ISO 26000. Which occurred first and how are they related?

Answer 1

Question 1:

Answer: Two working examples of firms realizing their competitive advantage are as follows:

a. Firms when having highly skilled laborers realize that they are ahead in the competition to the other firms because of the high quality manufactured products that are crafted by skilled employees.

b. The ability of a firm to manufacture products at minimal or lower costs then that firm can realize that they are going to have a competitive advantage over firms in the market.

Question 2:

Answer: ISO 14000 is based on the standard of environmental management systems, whereas ISO 26000 is based on social responsibility guidance. The ISO 14000 requires third-party certification, while the ISO 26000 requires no third-party certification. ISO 14000 came before and the ISO 26000 is based on the practical and intellectual infrastructure of ISO 14000.

Note: If you liked the answer please give an Up-vote, this will be quite encouraging for me, thank you!