A Resource Can Be a Source of Competitive Advantage Even

question 41

True/False

A resource can be a source of competitive advantage even if the resource is controlled by numerous firms.

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Definitions:

Internal Social Control

Regulates people through socialization and shapes people’s minds so they come to regard deviant actions as undesirable.

Importance of Learning

The significance attached to acquiring knowledge and skills, emphasizing its role in personal development, career advancement, and societal progress.

Grounding

In a psychological context, it refers to techniques used to bring someone fully into the present and calm the mind, often used in managing anxiety or stress.

Control Theory

Holds that the rewards of deviance and crime are ample. Therefore, nearly everyone would engage in deviance and crime if they could get away with it. From this point of view, the degree to which people are prevented from violating norms and laws accounts for variations in the level of deviance and crime.