What Do Managers Need to Understand in Order to Create

question 57

Essay

What do managers need to understand in order to create a sustainable competitive advantage?

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Definitions:

Adaptive Problems

Challenges or obstacles that arise in an individual's environment, requiring adjustment or change in behavior or processes to overcome.

Collectivist

Pertaining to a cultural orientation that emphasizes the group over individual desires or motivations, often valuing community cohesion and cooperation.

Arranged Marriages

Marital unions where partners are selected by individuals other than the ones getting married, often involving family members.

Heavily Industrialized

Describes regions or countries that have a significant concentration of manufacturing, processing, and heavy industry.