Can an Industry Be Attractive to One Company and Unattractive

question 78

Essay

Can an industry be attractive to one company and unattractive to another company? Why or why not?

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Definitions:

Attribution

The method through which people assign reasons for actions and occurrences, linking them to either internal character traits or external circumstances.

Self-confirming Schema

Cognitive frameworks that cause individuals to interpret information in a way that confirms their preexisting beliefs and attitudes.

Confirmation Bias

The proclivity to selectively find, interpret, prioritize, and recollect data in a manner that affirms previously held notions or assumptions.

Preexisting Schemas

Cognitive frameworks or structures that already exist within our minds, influencing how we perceive and interpret new information.