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Technological Innovation Not Only Makes It Possible to Duplicate the Benefits

question 79

True/False

Technological innovation not only makes it possible to duplicate the benefits obtained from a company's distinctive advantage but also quickly creates an opportunity to turn a company's competitive advantage into a competitive disadvantage.


Definitions:

Knowledge Acquisition

The process through which individuals or systems gather, interpret, and internalize information, transforming it into knowledge.

Knowledge Exploitation

The process of utilizing existing knowledge within an organization to create value or competitive advantage.

Perception

The process of interpreting the messages of our senses to provide order and meaning to the environment.

Threat

A threat is any circumstance or event with the potential to cause harm to a system, individual, organization, or country.

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