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Calculated Risks
Risks that have been carefully considered and assessed for potential consequences before action is taken, often with measures in place to mitigate negative outcomes.
Need for Power
A psychological term referring to an individual's desire to control or influence others.
First-Mover Advantage
The competitive edge gained by an entity that first introduces a product or service to the market, potentially establishing a dominant position.
Niche
A specific part of the market that is focused on a distinct type of product or service.
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