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Explain the "real" task in young adulthood and why this is a difficult process for many young people. Why is this process often more difficult for cultural minorities?
Succession Planning
A strategy for identifying and developing new leaders who can replace old leaders when they leave, retire or die, ensuring the organization's future.
Location-Specific Human Capital
Skills and knowledge acquired by workers that are particularly valuable in a specific geographic or organizational context.
Competitive Inertia
A state where a company is reluctant or unable to adapt to changes in the market, often resulting in lost competitiveness.
Cognitive Dissonance
A psychological phenomenon where an individual experiences discomfort due to holding contradictory beliefs, values, or attitudes.
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