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A Differentiation Business Model Is Based on Pursuing a Set

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A differentiation business model is based on pursuing a set of generic strategies that allows a company to achieve a competitive advantage by creating a product that customers perceive as different or distinct in some important way.


Definitions:

Normal Curve

A bell-shaped curve that represents the distribution of many types of data where most values cluster around a central region.

Heritability

Degree to which the changes in some trait within a population can be considered to be due to genetic influences; the extent to which individual genetic differences affect individual differences in observed behavior; in IQ, proportion of change in IQ within a population that is caused by hereditary factors.

Genetics

The study of heredity and the variation of inherited characteristics.

Emotional Intelligence

The ability to perceive, control, and evaluate emotions in oneself and others, and to use this information to guide one's thinking and actions.

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