The Complexity of Today's Business Environment Creates Many New Challenges

question 45

True/False

The complexity of today's business environment creates many new challenges for organizations, such as global competition, but creates few new opportunities in return.

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Definitions:

Ingroup Harmony

The state of peaceful coexistence and cooperation within a group, fostering a sense of unity and mutual respect among its members.

Social Dominance Theory

A theory that suggests societies are structured in hierarchical groupings, and biases and inequality stem from this social stratification.

Social Hierarchy

The ranking or grading of individuals and groups in any given society, often based on factors like power, wealth, or social status.

Groupthink

A psychological phenomenon where the desire for harmony in a decision-making group overrides a realistic appraisal of alternatives.