Strategic leaders manage the organization's resource portfolio effectively to exploit its core competency by organizing them into capabilities, structuring the organization to use the capabilities, and developing and implementing a strategy to leverage its human capital and social capital resources to achieve a competitive advantage.
Strategic leadership is required to help firms successfully navigate the dynamic and uncertain environment in which they need to compete today.
Human capital is the firm's repository of valuable knowledge and skills whereas social capital provides access to critical resources.
Human capital is the organization’s intellectual capital, which includes competencies, knowledge, skills and creativity.
According to the definition given in the Oxford dictionary Social capital is “the networks of relationships among people who live and work in a particular society, enabling that society to function effectively”.
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The coupons paid by municipal bonds are exempt from federal income tax and from state tax in many states. Therefore, the higher the tax bracket that the investor is in, the more valuable the tax-exempt feature to the investor.
Answer:
The scarcity is the key problem that the economics are trying to find an answer to and try to mitigate by making the resources more productive.
The scarcity arises because of 2 main factors,
- The human wants are Unlimited
- The resources available to satisfy these wants are Limited
In theory, if we need to "eliminate" scarcity complete we should either Limit our Needs or find an Unlimited source of resources we require.
However, these are not practical solutions.
So because of this, economics try to utilize technology and other factors to harness the full potential of resources and to use them optimally.
Explanation:
