Explain the Difference Between Competencies and Competitive Advantage in an Organizational

question 226

Essay

Explain the difference between competencies and competitive advantage in an organizational setting.

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Definitions:

Experimental Conditions

The controlled aspects of a scientific experiment designed to test the effects of independent variables on dependent variables.

Quantitative

An approach involving the collection and analysis of numerical data to understand patterns, relationships, and outcomes in research.

Qualitative

Involving descriptions or distinctions based on qualities rather than on quantity or measurable criteria.

Extraneous Variables

Variables that are not the focus of a study but may influence its outcome; they are controlled or accounted for to ensure the validity of an experiment.