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Which strategy should an organization use if it competes in a no-growth or a slow-growth industry?
Scientific Method
A systematic and logical approach to discovering how things in the universe work, involving observation, hypothesis formation, experimentation, and conclusion.
Consistent Preferences
A situation where an individual's choices or tastes remain stable over time, showing a reliable pattern of preference.
Confirmation Bias
The habit of looking for, decoding, valuing, and recalling details that support one’s established views or conjectures.
Social Comparison
The process of evaluating oneself by comparison with others, often in terms of abilities or social standing.
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