By Drawing on External Analysis and Emphasizing Core Competencies When

question 95

True/False

By drawing on external analysis and emphasizing core competencies when formulating strategies, companies learn to compete primarily on the basis of firm-specific differences.

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Definitions:

Permatemp

A worker whose status is somewhere between a temporary and permanent employee, often without the full benefits of permanent status despite working long-term for an employer.

Base Compensation

The initial salary or wage provided to an employee not including any extra benefits such as bonuses or commissions.

Recency Bias

A cognitive bias that gives undue weight to recent events or information when making decisions.

Critical-Incident Technique

Critical-Incident Technique is a qualitative research method used to collect and analyze incidents which are perceived as particularly significant by participants, often to improve service or performance.