Briefly Explain the Two Major Ways in Which Thinking About

question 28

Essay

Briefly explain the two major ways in which thinking about competitive strategies has changed in today's global economy.

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Definitions:

Logical

Pertaining to the use of reason or logic.

Other-race Effect

The inclination to more readily identify facial features of the race with which one is most acquainted, usually being their own.

Ingroup Bias

The tendency to favor and extend loyalty to members of one's own group over those from other groups.

Outgroup Homogeneity

The psychological phenomenon whereby individuals perceive members of a group to which they do not belong as more similar to each other than members of their own group.