Question 1

Individually,resources typically result in a sustainable competitive advantage.

Accepted Answer

A) True 
 B)False  False

Question 2

Only capabilities that are valuable,rare,costly to imitate,and non-substitutable are sources of sustainable competitive advantage.

Accepted Answer

A) True 
 B)False  True

Question 3

The foundation for a firm's capabilities is (are) the:

Accepted Answer

A)  ability to increase capacity as demand warrants. 
B)  amount of capital resources readily available. 
C)  good reputation a firm has built throughout its customer base. 
D)  skills and knowledge of its employees. 
A)  ability to increase capacity as demand warrants. 
B)  amount of capital resources readily available. 
C)  good reputation a firm has built throughout its customer base. 
D)  skills and knowledge of its employees. D

Question 4

Every core competence is a capability and every capability is a core competence.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is NOT an intangible asset?

Accepted Answer

A)  Trademarks 
B)  Organizational culture 
C)  Production equipment 
D)  Brand name 
A)  Trademarks 
B)  Organizational culture 
C)  Production equipment 
D)  Brand name

Question 6

Which of the following is a true statement about capabilities?

Accepted Answer

A)  Capabilities derive from the firm's capacity to deploy resources that have been integrated to achieve a desired end state. 
B)  Capabilities emerge quickly when resources interact. 
C)  Human capital cannot be a firm's capability. 
D)  Capabilities become weaker and less valuable through repetition and practice. 
A)  Capabilities derive from the firm's capacity to deploy resources that have been integrated to achieve a desired end state. 
B)  Capabilities emerge quickly when resources interact. 
C)  Human capital cannot be a firm's capability. 
D)  Capabilities become weaker and less valuable through repetition and practice.

Question 7

The three conditions that characterize difficult managerial decisions concerning resources,capabilities,and core competencies are:

Accepted Answer

A)  complexity,rarity,and capacity. 
B)  uncertainty,complexity,and intraorganizational conflicts. 
C)  imitability,complexity,and interorganizational conflicts. 
D)  uncertainty,value,and availability of resources. 
A)  complexity,rarity,and capacity. 
B)  uncertainty,complexity,and intraorganizational conflicts. 
C)  imitability,complexity,and interorganizational conflicts. 
D)  uncertainty,value,and availability of resources.

Question 8

The knowledge possessed by a firm's human capital is:

Accepted Answer

A)  easily reproduced by competitor firms which allows them to obtain a competitive advantage. 
B)  a significant organizational capability and may be the root of all competitive advantage. 
C)  not a primary source of competitive advantage. 
D)  centered in a firm's top management team. 
A)  easily reproduced by competitor firms which allows them to obtain a competitive advantage. 
B)  a significant organizational capability and may be the root of all competitive advantage. 
C)  not a primary source of competitive advantage. 
D)  centered in a firm's top management team.

Question 9

When a resource or capability is valuable,rare,costly to imitate,and nonsubstitutable,firms may obtain:

Accepted Answer

A)  a temporary competitive advantage. 
B)  a complex competitive advantage. 
C)  competitive parity. 
D)  a sustainable competitive advantage. 
A)  a temporary competitive advantage. 
B)  a complex competitive advantage. 
C)  competitive parity. 
D)  a sustainable competitive advantage.

Question 10

Value creating primary activities include:

Accepted Answer

A)  purchasing raw materials and supplies. 
B)  developing an appropriate corporate structure. 
C)  selecting appropriate distribution channels. 
D)  planning corporate strategy and setting goals. 
A)  purchasing raw materials and supplies. 
B)  developing an appropriate corporate structure. 
C)  selecting appropriate distribution channels. 
D)  planning corporate strategy and setting goals.

Question 11

Capabilities can be developed quickly in response to changes in the new competitive landscape.

Accepted Answer

A) True 
 B)False

Question 12

A firm's ability to achieve a competitive advantage is reflected in its financial capital base.

Accepted Answer

A) True 
 B)False

Question 13

Outsourcing is a way to add value to the business that converts an external value creating activity into an internal supplier.

Accepted Answer

A) True 
 B)False

Question 14

When selecting activities to outsource,firms should select activities that:

Accepted Answer

A)  capture and create value. 
B)  neutralize external threats. 
C)  are critical to their success. 
D)  are nonstrategic capabilities. 
A)  capture and create value. 
B)  neutralize external threats. 
C)  are critical to their success. 
D)  are nonstrategic capabilities.

Question 15

Four skills are essential for managers involved in outsourcing programs.Which of the following is NOT one of these skills?

Accepted Answer

A)  strategic thinking 
B)  deal making 
C)  partnership governance 
D)  marketing expertise 
A)  strategic thinking 
B)  deal making 
C)  partnership governance 
D)  marketing expertise

Question 16

What is the job of a Chief Learning Officer?

Accepted Answer

A)  Implementing employee training and development programs 
B)  Educating customers about the firm's products 
C)  Developing an environment in which knowledge is widespread among employees 
D)  Establishing programs to promote education in the community 
A)  Implementing employee training and development programs 
B)  Educating customers about the firm's products 
C)  Developing an environment in which knowledge is widespread among employees 
D)  Establishing programs to promote education in the community

Question 17

Describe a value chain analysis.

Accepted Answer

The value chain analysis allows a firm t

Question 18

Competitive advantage typically comes from:

Accepted Answer

A)  individual resources. 
B)  one very outstanding resource. 
C)  several outstanding resources acting independently. 
D)  the unique bundling of several resources. 
A)  individual resources. 
B)  one very outstanding resource. 
C)  several outstanding resources acting independently. 
D)  the unique bundling of several resources.

Question 19

Events occurring in the external environment create conditions through which core competencies do all of the following EXCEPT:

Accepted Answer

A)  become core rigidities. 
B)  produce inertia. 
C)  stifle innovation. 
D)  sustain the firm's competitive advantage. 
A)  become core rigidities. 
B)  produce inertia. 
C)  stifle innovation. 
D)  sustain the firm's competitive advantage.

Question 20

Once a core competence has been identified and perfected,it is a stable source of competitive advantage.

Accepted Answer

A) True 
 B)False

Individually,resources typically result in a sustainable competitive advantage.

Only capabilities that are valuable,rare,costly to imitate,and non-substitutable are sources of sustainable competitive advantage.

The foundation for a firm's capabilities is (are) the:

Every core competence is a capability and every capability is a core competence.

Which of the following is NOT an intangible asset?

Which of the following is a true statement about capabilities?

The three conditions that characterize difficult managerial decisions concerning resources,capabilities,and core competencies are:

The knowledge possessed by a firm's human capital is:

When a resource or capability is valuable,rare,costly to imitate,and nonsubstitutable,firms may obtain:

Value creating primary activities include:

Capabilities can be developed quickly in response to changes in the new competitive landscape.

A firm's ability to achieve a competitive advantage is reflected in its financial capital base.

Outsourcing is a way to add value to the business that converts an external value creating activity into an internal supplier.

When selecting activities to outsource,firms should select activities that:

Four skills are essential for managers involved in outsourcing programs.Which of the following is NOT one of these skills?

What is the job of a Chief Learning Officer?

Describe a value chain analysis.

Competitive advantage typically comes from:

Events occurring in the external environment create conditions through which core competencies do all of the following EXCEPT:

Once a core competence has been identified and perfected,it is a stable source of competitive advantage.

Introduction to Strategic Management

Strategic Leadership

The External Environment: Opportunities, threats, industry Competition, and Competitor Analysis

Business-Level Strategy

Competitive Rivalry and Competitive Dynamics

Cooperative Strategy

Corporate-Level Strategy

Acquisition and Restructuring Strategies

International Strategy

Corporate Governance

Strategic Entrepreneurship

Strategic Flexibility and Real Options Analysis

Filters

Exam 4: The Internal Organization: Resources, capabilities, and Core Competencies

Individually,resources typically result in a sustainable competitive advantage.

Only capabilities that are valuable,rare,costly to imitate,and non-substitutable are sources of sustainable competitive advantage.

The foundation for a firm's capabilities is (are) the:

Every core competence is a capability and every capability is a core competence.

Which of the following is NOT an intangible asset?

Which of the following is a true statement about capabilities?

The three conditions that characterize difficult managerial decisions concerning resources,capabilities,and core competencies are:

The knowledge possessed by a firm's human capital is:

When a resource or capability is valuable,rare,costly to imitate,and nonsubstitutable,firms may obtain:

Value creating primary activities include:

Capabilities can be developed quickly in response to changes in the new competitive landscape.

A firm's ability to achieve a competitive advantage is reflected in its financial capital base.

Outsourcing is a way to add value to the business that converts an external value creating activity into an internal supplier.

When selecting activities to outsource,firms should select activities that:

Four skills are essential for managers involved in outsourcing programs.Which of the following is NOT one of these skills?

What is the job of a Chief Learning Officer?

Describe a value chain analysis.

Competitive advantage typically comes from:

Events occurring in the external environment create conditions through which core competencies do all of the following EXCEPT:

Once a core competence has been identified and perfected,it is a stable source of competitive advantage.

Introduction to Strategic Management

Strategic Leadership

The External Environment: Opportunities, threats, industry Competition, and Competitor Analysis

Business-Level Strategy

Competitive Rivalry and Competitive Dynamics

Cooperative Strategy

Corporate-Level Strategy

Acquisition and Restructuring Strategies

International Strategy

Corporate Governance

Strategic Entrepreneurship

Strategic Flexibility and Real Options Analysis

Filters