One of the Key Questions Posed by 21^st Century Managers

question 29

Essay

One of the key questions posed by 21^st century managers is "How can we possibly compete when everyone can copy our technology and the competition is a click away?" One path to take involves creating a resource or set of resources for sustainable competitive advantage. List the four characteristics that such resources must have for the possibility of sustainable competitive advantage to exist. Why is it important to have all four simultaneously?

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Definitions:

Latent Content

In psychoanalytic theory, the underlying meaning or symbolic representation hidden in dreams or other unconscious expressions.

Manifest Content

In psychoanalytic theory, the surface level of dreams, containing the dream images and events as remembered by the dreamer.

Sleep Deprivation

A condition resulting from not getting enough sleep, which can affect physical and mental health.

ADHD

Attention-Deficit/Hyperactivity Disorder, a neurodevelopmental disorder marked by an ongoing pattern of inattention and/or hyperactivity-impulsivity that interferes with functioning or development.