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Compare and Contrast the Five Forces Model, the Three Generic

question 148

Essay

Compare and contrast the five forces model, the three generic strategies, and the value chain analysis. And comment upon how information systems drive the business.


Definitions:

Distributive Fairness

A principle of equitable allocation of resources among individuals, focusing on the fairness of outcomes achieved from decisions.

Equity

The principle of fairness or justice in the distribution of resources, rewards, and treatment among individuals or groups.

Cognitive Dissonance

A psychological state where an individual experiences discomfort due to holding conflicting beliefs, attitudes, or behaviors, prompting a change to reduce the dissonance.

Job Descriptive Index

A psychometrically validated survey instrument that measures job satisfaction in five facets: pay, promotion, coworkers, supervision, and the work itself.

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