A Current Competitive Strength May Disappear Because Of

question 2

Multiple Choice

A current competitive strength may disappear because of:

• A)future competitor responses
• B)changes in technology
• C)the organisation's own complacency
• D)all of the above

Differentiate between classical and behavioral decision theories.

Understand the concept of bounded rationality in decision-making.

Recognize common mistakes in problem definition within the decision-making process.

Understand the role of alternative generation and evaluation in decision-making.

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Definitions:

Significantly Reduced

A phrase typically used in research to indicate a notable decrease in the magnitude or quantity of a measured variable.

Not Affected

Remaining unchanged or undisturbed by external influences or events.

Deindividuation

A psychological state where an individual loses their self-awareness and sense of individuality, often leading to disinhibited and impulsive behavior, usually in group settings.

Detached Responsibility

A psychological state where an individual feels separated from the consequences of their actions, often reducing moral accountability.