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Technological Innovation Not Only Makes It Possible to Duplicate the Benefits

question 79

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Technological innovation not only makes it possible to duplicate the benefits obtained from a company's distinctive advantage but also quickly creates an opportunity to turn a company's competitive advantage into a competitive disadvantage.


Definitions:

Parents Influence

The significant impact that parents have on their children's development, behavior, beliefs, and attitudes, through their parenting styles, communication, and role-modeling.

Psychosocial Development

The theory proposed by Erik Erikson that personality development occurs through a series of eight stages over the lifespan, each characterized by a different psychological conflict.

Identity Statuses

Different stages in the process of developing a sense of self, as conceptualized by psychologists such as James Marcia.

Exploration

The act of searching, studying, or traveling in an area or subject to discover more about it.

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