The Real Sources of Competitive Advantage Are Not Products but Management's

question 17

True/False

The real sources of competitive advantage are not products but management's ability to consolidate skills and technologies into competencies to adapt to changing circumstances.

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Definitions:

Social Needs

The essential human requirements for interaction, belonging, and companionship, often motivating behavior within societal contexts.

Physiological

Relating to the functions and activities of living organisms and their parts, including all physical and chemical processes.

Self-Actualization

The achievement or actualization of individual talents and capabilities, seen as an innate motivation or necessity in everyone.

Herzberg

Refers to Frederick Herzberg, an American psychologist best known for the Motivation-Hygiene Theory, which suggests that certain factors in the workplace lead to job satisfaction while a separate set of factors cause dissatisfaction.