There Are Two Critical Assumptions Underpinning the Resource-Based Model of Competitive

question 98

Essay

There are two critical assumptions underpinning the resource-based model of competitive advantage.One of these is resource heterogeneity.Briefly explain what this means.Provide one example of a heterogeneous resource.

Recognize effective leadership practices according to Peter Drucker.

Understand the importance of charisma and referent power in leadership.

Distinguish between the concepts of power and authority in organizational settings.

Identify types of power exhibited by leaders in organizational contexts.

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Definitions:

Pension Funds

Financial programs that collect and invest contributions from employers and employees to provide retirement benefits to the employees.

Ordinary Income

Income earned through wages, salaries, commissions, and interest, as opposed to capital gains, which are realized through the sale of assets.

Income Component

The part of an investment's return that comes from dividends or interest payments, as opposed to capital gains.

Broker-dealers

Firms that trade securities for customers and their own accounts, providing investment services.