Network Externalities Are Critical Phenomena Because

question 37

Multiple Choice

Network externalities are critical phenomena because:

• A)They create a positive feedback loop that leads to a winner-takes-all situation
• B)They create a winner-takes-all situation which is unfair from a competition standpoint
• C)Technological innovations tend to be resilient
• D)Governments are more and more concerned about firms' corporate citizenship

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Definitions:

HR Competency

The knowledge, skills, and abilities that are critical for human resources professionals to effectively contribute to organizational success.

Systems Thinking

Systems thinking views change issues within the framework of the entire organization. This view helps to understand the underlying causes of problems and the potential outcomes of change initiatives.

Organizational Learning

The process by which an organization improves and innovates by reflecting on past experiences, acquiring new knowledge, and adapting to changing environments.

Change Issues

Challenges that arise during the process of making alterations to business operations or strategy.