Several Arena Factors Make It More Difficult for New Ventures

question 2

True/False

Several arena factors make it more difficult for new ventures to be successful as differentiators. Examples include innovation, technology, customer service, and distinctive branding.

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Definitions:

Transactive Memory

A mechanism through which groups collectively encode, store, and retrieve knowledge, enabling them to remember more together than alone.

Groups

Groups consist of two or more individuals interacting and working together towards common goals or sharing common interests.

Ineffective

Lacking the ability or qualities to produce the intended effect.

Guilt-proneness

The predisposition of an individual to feel guilt for wrongdoing, reflecting a sensitivity to the ethical or moral implications of their actions.