Valuable and Rare,but Imitable,resources and Capabilities Give Firms a Permanently

question 64

True/False

Valuable and rare,but imitable,resources and capabilities give firms a permanently sustainable competitive advantage.

Recognize the role of self-efficacy in learning and performance.

Identify the factors that influence attention, retention, and reproduction in modeling.

Understand the implications of observational learning in understanding and predicting social behavior.

Understand the role of reinforcement in observational learning and modeling.

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Definitions:

Change Initiatives

Programs or projects implemented to alter the course of an organization’s path, aiming for improvement in processes, culture, or outcomes.

Psychological Fatigue

A state of mental exhaustion caused by prolonged stress, overwork, or intense cognitive activity, leading to decreased performance and motivation.

Long-term Solution

A solution designed to effectively address a problem or challenge over an extended period, focusing on sustainability and permanence.

Clarifying Values

The process of identifying and understanding one's personal values and beliefs to guide behavior and decision-making.