What Are First-Mover Advantages

question 59

Essay

What are first-mover advantages?

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Definitions:

Psychological Contract

An unwritten agreement that reflects the mutual beliefs, perceptions, and informal obligations between an employer and an employee.

Reciprocal Obligations

Mutual responsibilities or duties exchanged between parties, where each party has an obligation to the other.

Realistic Job Preview

An accurate presentation of the potential positives and negatives of a job to prospective employees.

Socialization

The process by which individuals learn and adopt the norms, values, behaviors, and skills necessary to participate effectively in a society or organization.