Examlex
LaserTech is a manufacturer of industrial lasers and has developed a new, patented technology that allows its customers to manufacture their products more precisely with a higher level of consistency and at a lower cost than they could previously. LaserTech's executives believe that no rivals have a similar technology and that it would be very difficult for rivals to copy this technology since the benefits of the new technology can only be realized within LaserTech's system, which includes processes that are protected by trade secrets, making it difficult for rivals to understand the relationship between the company's new technology and its competitive advantage.
-If LaserTech's new technological development were due to proprietary investments the company made when it was first founded twenty years ago, this would be an example of
Personality Traits
Enduring characteristics that describe an individual's consistent behaviors, thoughts, and emotional patterns.
Instincts
Innate, fixed patterns of behavior in animals and humans in response to stimuli, which are not learned and are often survival-oriented.
Observational Learning
The process of learning behaviors by watching and imitating others, also known as social learning or modeling.
Congruence
In psychology, the alignment or agreement between an individual's self-concept and their actual experiences.
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