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Explain How Rivalry Among Competitors Affects Businesses

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Essay

Explain how rivalry among competitors affects businesses.


Definitions:

Individually Accountable

The principle that each member of a group or team must take responsibility for contributing their own effort and work towards the collective goal.

Task Interdependence

The degree to which tasks in an organization require coordination and collaboration among different roles or individuals to complete a composite task.

Individual Reward Structures

Systems designed to provide incentives or rewards to individuals based on their performance or achievement of specific goals.

Collaboration

The act of working together with one or more people to achieve a common goal or complete a task.

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