Transferring Competencies Involves Taking a Distinctive Competency Developed by a Business

question 7

True/False

Transferring competencies involves taking a distinctive competency developed by a business unit in one industry and implanting it in a business unit operating in another industry.

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Definitions:

Work-Life Balance

The equilibrium between professional work and personal activities, ensuring both are prioritized and conflict is minimized.

Personal Needs

Basic requirements and desires that individuals seek to fulfill, such as physiological needs, safety, love, and esteem.

Family Needs

The basic and extended requirements for the wellbeing and functioning of family members, including emotional, financial, and educational support.

Psychological Contract

An unwritten agreement that sets out mutual expectations, obligations, and understanding about work between an employer and an employee, beyond the formal contract of employment.