Question 1

Many multinationals consist of many people scattered in many different countries.As a result,their invisible relationships do not add value.

Accepted Answer

A) True 
 B)False

Question 2

Academic research has found support for ______________effects on firm performance.

Accepted Answer

A)  Resource-based 
B)  Industry-based 
C)  Complementary specific collective 
D)  All of the above 
A)  Resource-based 
B)  Industry-based 
C)  Complementary specific collective 
D)  All of the above

Question 3

​Strategy execution in a high-velocity industry would be characterized as linear rather than iterative in nature.

Accepted Answer

A) True 
 B)False

Question 4

​A sustained competitive advantage can last because not all advantages eventually erode.

Accepted Answer

A) True 
 B)False

Question 5

​In the VRIO framework,the questions of value and rarity are:

Accepted Answer

A)  ​Determinants of the level of competitive advantage. 
B)  ​Mostly unrelated issues. 
C)  ​Less important than whether a firm's activity can be imitated. 
D)  ​Essentially the same question. 
A)  ​Determinants of the level of competitive advantage. 
B)  ​Mostly unrelated issues. 
C)  ​Less important than whether a firm's activity can be imitated. 
D)  ​Essentially the same question.

Question 6

In markets where a high quality in a product is expected,providing that level of quality provides little advantage,and at best could be considered competitive parity.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is better performed in-house rather than being outsourced?

Accepted Answer

A)  An activity with a high degree of industry commonality. 
B)  An activity with a high degree of commoditization. 
C)  An industry-specific and firm-specific (proprietary)activity. 
D)  All of the above. 
A)  An activity with a high degree of industry commonality. 
B)  An activity with a high degree of commoditization. 
C)  An industry-specific and firm-specific (proprietary)activity. 
D)  All of the above.

Question 8

One of the most important implications for strategic action is that relentless imitation and benchmarking are important but not likely to be a sustainable successful strategy.

Accepted Answer

A) True 
 B)False

Question 9

​Which of the following is a leading debate about the resource-based view of strategy?

Accepted Answer

A)  ​The identification of a clearly defined industry. 
B)  ​The necessity of choosing a cost leadership or differentiation strategy. 
C)  ​The benefits of strategic groups within an industry. 
D)  ​The need to move toward dynamic,rather than static,capabilities. 
A)  ​The identification of a clearly defined industry. 
B)  ​The necessity of choosing a cost leadership or differentiation strategy. 
C)  ​The benefits of strategic groups within an industry. 
D)  ​The need to move toward dynamic,rather than static,capabilities.

Question 10

Offshoring and outsourcing interchangeable concepts.

Accepted Answer

A) True 
 B)False

Question 11

Intangible assets include the technological resources a company has that no other company can claim.

Accepted Answer

A) True 
 B)False

Question 12

​The proposition that firm performance is most fundamentally determined by firm-specific resources and capabilities is at the heart of the industry-based view.

Accepted Answer

A) True 
 B)False

Question 13

A value chain for Nike would include shoe manufacturing as a primary activity and Nike branded stores as a support activity.

Accepted Answer

A) True 
 B)False

Question 14

​What questions are answered by using a VRIO framework,and how do those answers extend SWOT?

Accepted Answer

​The questions of VRIO ask Do firm resou

Question 15

Recent research suggests that capabilities in very dynamic high-velocity industries (such as IT)are characterized by all of the following EXCEPT:

Accepted Answer

A)  Simple (not complicated). 
B)  Experiential (not analytic). 
C)  Linear (not iterative processes). 
D)  "Learning by doing." 
A)  Simple (not complicated). 
B)  Experiential (not analytic). 
C)  Linear (not iterative processes). 
D)  "Learning by doing."

Question 16

​Describe captive sourcing and provide an example of how a company might use it.

Accepted Answer

​Captive sourcing"- setting up subsidiar

Question 17

​Which of the following is considered a benefit of outsourcing activities?

Accepted Answer

A)  ​Leverages activities of multiple clients for greater economies of scale. 
B)  ​Shares activities with relatively generic attributes across industries. 
C)  ​Allows a firm to focus on its core activities. 
D)  ​All of the above. 
A)  ​Leverages activities of multiple clients for greater economies of scale. 
B)  ​Shares activities with relatively generic attributes across industries. 
C)  ​Allows a firm to focus on its core activities. 
D)  ​All of the above.

Question 18

​In conducting a value chain analysis,a manager at a small manufacturing firm looks at a particular department within the company and sees that its activities are proprietary to the company's yet common across the industry.In this case,the manager would:

Accepted Answer

A)  ​Definitely work toward outsourcing this activity. 
B)  ​Definitely work toward keeping this activity in-house. 
C)  ​Want to consider outsourcing this activity,sell the unit involved,or lease the unit's services to other firms. 
D)  ​Try to make the activity less proprietary. 
A)  ​Definitely work toward outsourcing this activity. 
B)  ​Definitely work toward keeping this activity in-house. 
C)  ​Want to consider outsourcing this activity,sell the unit involved,or lease the unit's services to other firms. 
D)  ​Try to make the activity less proprietary.

Question 19

All of the following are arguments used by proponents of offshoring EXCEPT:

Accepted Answer

A)  It is not true that some US employees may lose their jobs. 
B)  Western firms are able to tap into low-cost and high-quality labor. 
C)  Firms can focus on their core capabilities. 
D)  It creates enormous value for firms and economies. 
A)  It is not true that some US employees may lose their jobs. 
B)  Western firms are able to tap into low-cost and high-quality labor. 
C)  Firms can focus on their core capabilities. 
D)  It creates enormous value for firms and economies.

Question 20

​The terms outsourcing and offshoring are:

Accepted Answer

A)  ​Identical in meaning. 
B)  ​Two completely separate concepts. 
C)  ​Closely related but not identical in meaning. 
D)  ​Descriptive of activities to be avoided. 
A)  ​Identical in meaning. 
B)  ​Two completely separate concepts. 
C)  ​Closely related but not identical in meaning. 
D)  ​Descriptive of activities to be avoided.

Many multinationals consist of many people scattered in many different countries.As a result,their invisible relationships do not add value.

Academic research has found support for ______________effects on firm performance.

Strategy execution in a high-velocity industry would be characterized as linear rather than iterative in nature.

A sustained competitive advantage can last because not all advantages eventually erode.

In the VRIO framework,the questions of value and rarity are:

In markets where a high quality in a product is expected,providing that level of quality provides little advantage,and at best could be considered competitive parity.

Which of the following is better performed in-house rather than being outsourced?

One of the most important implications for strategic action is that relentless imitation and benchmarking are important but not likely to be a sustainable successful strategy.

Which of the following is a leading debate about the resource-based view of strategy?

Offshoring and outsourcing interchangeable concepts.

Intangible assets include the technological resources a company has that no other company can claim.

The proposition that firm performance is most fundamentally determined by firm-specific resources and capabilities is at the heart of the industry-based view.

A value chain for Nike would include shoe manufacturing as a primary activity and Nike branded stores as a support activity.

What questions are answered by using a VRIO framework,and how do those answers extend SWOT?

Recent research suggests that capabilities in very dynamic high-velocity industries (such as IT)are characterized by all of the following EXCEPT:

Describe captive sourcing and provide an example of how a company might use it.

Which of the following is considered a benefit of outsourcing activities?

In conducting a value chain analysis,a manager at a small manufacturing firm looks at a particular department within the company and sees that its activities are proprietary to the company's yet common across the industry.In this case,the manager would:

All of the following are arguments used by proponents of offshoring EXCEPT:

The terms outsourcing and offshoring are:

Strategizing Around the Globe

Managing Industry Competition

Emphasizing Institutions, cultures, and Ethics

Growing and Internationalizingthe Entrepreneurial Firm

Entering Foreign Markets

Making Strategic Alliancee and Networks Work

Managing Global Competitive Dynamics

Diversifying, acquiring, and Restructuring

Strategizing, structuring, and Learningaround the World

Governing the Corporation Around the World

Strategizing With Corporate Social Responsibility

Filters

Exam 3: Leveraging Resources and Capabilities

Many multinationals consist of many people scattered in many different countries.As a result,their invisible relationships do not add value.

Academic research has found support for ______________effects on firm performance.

​Strategy execution in a high-velocity industry would be characterized as linear rather than iterative in nature.

​A sustained competitive advantage can last because not all advantages eventually erode.

​In the VRIO framework,the questions of value and rarity are:

In markets where a high quality in a product is expected,providing that level of quality provides little advantage,and at best could be considered competitive parity.

Which of the following is better performed in-house rather than being outsourced?

One of the most important implications for strategic action is that relentless imitation and benchmarking are important but not likely to be a sustainable successful strategy.

​Which of the following is a leading debate about the resource-based view of strategy?

Offshoring and outsourcing interchangeable concepts.

Intangible assets include the technological resources a company has that no other company can claim.

​The proposition that firm performance is most fundamentally determined by firm-specific resources and capabilities is at the heart of the industry-based view.

A value chain for Nike would include shoe manufacturing as a primary activity and Nike branded stores as a support activity.

​What questions are answered by using a VRIO framework,and how do those answers extend SWOT?

Recent research suggests that capabilities in very dynamic high-velocity industries (such as IT)are characterized by all of the following EXCEPT:

​Describe captive sourcing and provide an example of how a company might use it.

​Which of the following is considered a benefit of outsourcing activities?

​In conducting a value chain analysis,a manager at a small manufacturing firm looks at a particular department within the company and sees that its activities are proprietary to the company's yet common across the industry.In this case,the manager would:

All of the following are arguments used by proponents of offshoring EXCEPT:

​The terms outsourcing and offshoring are:

Strategizing Around the Globe

Managing Industry Competition

Emphasizing Institutions, cultures, and Ethics

Growing and Internationalizingthe Entrepreneurial Firm

Entering Foreign Markets

Making Strategic Alliancee and Networks Work

Managing Global Competitive Dynamics

Diversifying, acquiring, and Restructuring

Strategizing, structuring, and Learningaround the World

Governing the Corporation Around the World

Strategizing With Corporate Social Responsibility

Filters

Strategy execution in a high-velocity industry would be characterized as linear rather than iterative in nature.

A sustained competitive advantage can last because not all advantages eventually erode.

In the VRIO framework,the questions of value and rarity are:

Which of the following is a leading debate about the resource-based view of strategy?

The proposition that firm performance is most fundamentally determined by firm-specific resources and capabilities is at the heart of the industry-based view.

What questions are answered by using a VRIO framework,and how do those answers extend SWOT?

Describe captive sourcing and provide an example of how a company might use it.

Which of the following is considered a benefit of outsourcing activities?

In conducting a value chain analysis,a manager at a small manufacturing firm looks at a particular department within the company and sees that its activities are proprietary to the company's yet common across the industry.In this case,the manager would:

The terms outsourcing and offshoring are: