Define the Difference Between a Competitive Advantage and a Sustainable

question 59

Essay

Define the difference between a competitive advantage and a sustainable competitive advantage.

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Definitions:

Intrinsic Rewards

Motivational rewards that are internal to the individual, such as personal satisfaction, a sense of achievement, or a feeling of fulfillment.

Valence Rewards

Refers to the desirability of the reward outcomes, according to the expectancy theory, influencing the motivation of individuals.

Merit Pay

A salary increase awarded to employees based on their job performance, as a method to motivate and reward excellence.

Tenure

A status granted to an employee, usually after a specific period of service, indicating a permanent position or a guarantee of employment.