A Firm Should Try to Obtain a Sustainable Competitive Advantage

question 56

True/False

A firm should try to obtain a sustainable competitive advantage by implementing strategies based on its particular resources, capabilities and core competencies.

Recognize the significance of psychosexual stages in Freudian theory and their impacts on personality.

Understand the concept of defense mechanisms and their usage in psychoanalysis.

Grasp the importance of the unconscious mind according to Freud.

Learn about the development of gender identity and fixation in Freudian psychoanalysis.

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Definitions:

Intrinsic Rewards

The personal satisfaction and enjoyment derived from completing a task or achieving a goal, independent of external rewards or recognition.

Extrinsic Rewards

Rewards given to employees that are external to the job itself, such as pay, benefits, bonuses, and promotions, aimed at motivating employees' performance.

Internal Promotions

The practice of filling vacancies within an organization by promoting existing employees rather than hiring externally.

Employee Stock Plans

Programs allowing employees to purchase or receive shares in the company they work for, often at advantageous conditions.