All modern day organizations are mainly motivated by market pressures focusing on their goals by providing improved quality and productivity, greater flexibility, continuous innovation, and the aptitude to respond hastily to market needs and demands to achieve a competitive position. Effective HRM is fundamental for these goals. Improved quality and productivity associated to motivation can be realized through training, employee involvement and extrinsic and intrinsic rewards. Interest in pay systems regarding performance and skills mirrors …showed first 75 words of 2321 total…

…showed last 75 words of 2321 total…in a community, that have been or could be successful in developing a market position. Further, if a firm or set of firms is successful in a particular region, as evidenced by its growing share of employment opportunities, it is also likely a competitive advantage exists in that region. In essence, competitive advantage depends on dynamic factors constantly evolving as a result of continual innovation and the transfer of new knowledge within clusters of firms.