Firms Should Seek to Continually Develop New Core Competencies Because

question 137

True/False

Firms should seek to continually develop new core competencies because all core competencies have limited life spans.

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Definitions:

Reassure

To offer support, comfort, or confidence to someone to alleviate their fears or concerns.

Psychomotor Skills

Skills that involve the coordinated interaction of cognition and motor function, enabling activities such as walking or writing.

Critical Thinking Skills

The capacity to analyze, evaluate, and synthesize information in order to form a logical judgment or solution to a problem.

Perceptual Biases

Are cognitive biases that result from the inherent flaws in the human brain's processing of sensory information, leading to misinterpretation or distortion of reality.