Describe How a Core Competency of a Firm Can Turn

question 62

Essay

Describe how a core competency of a firm can turn into core rigidity.

---

Definitions:

Self-serving Bias

The tendency to attribute personal successes to internal factors while attributing failures to external factors.

Attribution Theory

A concept in social psychology that explores how individuals infer the causes of others' behavior, attributing it to either internal dispositions or external situations.

Internal And External Attributions

The process of explaining one's own behavior and the behavior of others by attributing causes to internal dispositions or to external situations.

Attribution Errors

Cognitive biases that occur when an individual incorrectly assigns cause or blame to events based on their perception, often overlooking external factors.