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To Achieve a Competitive Advantage, a Company Must Excel in All

question 38

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To achieve a competitive advantage, a company must excel in all of the building blocks of competitive advantage-efficiency, quality, innovation, and responsiveness to customers.


Definitions:

Behavior Theory

A field of study that explores the processes through which actions, reactions, and interactions among individuals are understood and explained.

Trait Theories

Explore the belief that certain attributes and characteristics contribute to leadership success and effectiveness.

Leadership Studies

An interdisciplinary academic field focused on the examination and understanding of leadership processes and practices.

Behavior Theories

A collection of concepts that explain how and why human beings behave the way they do, often used in psychological and organizational contexts.

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