The Likelihood That Firms Will Enter an Industry Is a Function

question 135

Essay

The likelihood that firms will enter an industry is a function of what two factors?

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Definitions:

Organizational Culture

The collective norms, values, and beliefs that affect how employees within an organization think, feel, and act.

Role Modeling

A behavioral strategy where a person serves as an example for others to emulate, often utilized for teaching or promoting specific skills, attitudes, or behaviors.

Reward Allocation

The distribution of benefits or incentives among individuals or groups, typically based on their performance, contribution, or status.

External Adaptation

The process by which an organization adjusts to changes in its external environment.