All Competitive Advantages Do Not Accrue to Large-Sized Firms

question 45

Multiple Choice

All competitive advantages do not accrue to large-sized firms.A major advantage of smaller firms is that they:

• A) are more likely to have organizational slack.
• B) can launch competitive actions more quickly.
• C) have more loyal and diverse workforces.
• D) can wait for larger firms to make mistakes in introducing innovative products.

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Definitions:

Psychodynamic Perspective

A psychological approach that emphasizes unconscious psychological processes (for example, wishes and fears of which we're not fully aware), and contends that childhood experiences are crucial in shaping adult personality.

Functionalists

Scholars who focus on the function or purpose of societal institutions and processes for the maintenance of a society.

Structuralists

Early psychologists who analyzed the basic elements of thoughts and sensations to understand the structure of the mind.

Psychoanalysts

Professionals who practice psychoanalysis, a therapeutic technique originally developed by Sigmund Freud to explore the unconscious mind.