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The Punctuated-Equilibrium Model Characterizes Groups as Exhibiting Long Periods of Inertia

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The Punctuated-Equilibrium Model characterizes groups as exhibiting long periods of inertia interspersed with brief revolutionary changes triggered primarily by members' awareness of time and deadlines.


Definitions:

Technology

The application of scientific knowledge for practical purposes, particularly in industry, to create tools, systems, or methods that solve problems or facilitate processes.

Competitive Advantage

An edge that a company has over its competitors, enabling it to generate greater sales or margins and/or retain more customers.

Continuous-process Production

A method of production where materials are continuously in motion or processing to produce goods, often used in industries where the product is indistinguishable from batch-processing.

Labour Force

the total number of people who are available to work, including both the employed and the unemployed who are seeking employment.

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