CBaker WS1.5.docx - Running Head COMPETITIVE STRATEGY...

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Running Head: COMPETITIVE STRATEGY CHOICES1Competitive Strategy ChoicesChristina BakerIndiana Wesleyan UniversityOctober 15, 2018I have read and understand the plagiarism policy as outlined in the syllabus and the sections in the IWU Catalog relating to the IWU Honesty/Cheating Policy. By affixing this statement to the title page of my paper, I certify that I have not cheated or plagiarized in the process of completing this assignment. If it is found that cheating and/or plagiarism did take place in the writing of this paper, I understand the possible consequences of the act/s, which could include expulsion from Indiana Wesleyan University.
COMPETITIVE STRATEGY CHOICES2Competitive Strategy ChoicesCompetitiveness is vital in today’s ever-evolving and very active environment. An organization’s strategy involves how the business expects to achieve a competitive advantage. The company’s business strategy and internal processes must align [Hsi11]. “An appropriate match enhances organizational effectiveness and generates superior performance” [Hsi11]. Regarding competitive strategy in benefits compensation, two theories exist: “best fit” and “best practice” [Mil17]. [Hsi11] and proponents of the “best fit” strategy, while [New17] support the “best practice” point of view. The “best fit” strategy is one where business competitive strategy, human resource strategy, and a rewards system all find the best fit in order to retain and motivate employees, which leads to better performance and an added competitive advantage [Hsi11]. “The better the fit, the greater the competitive advantage” [New17]. On the other hand, the “best practice”

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