Question 1

Which of the following statements is in disagreement with the discussion in your textbook about knowledge?

Accepted Answer

A)  "Knowledge is power" and this is the rationale for individuals in organizations to hoard information. 
B)  Sharing knowledge does not diminish its value for any one person. 
C)  Knowledge is an intangible asset that can be leveraged. 
D)  Knowledge is not diluted when it is shared. 
A)  "Knowledge is power" and this is the rationale for individuals in organizations to hoard information. 
B)  Sharing knowledge does not diminish its value for any one person. 
C)  Knowledge is an intangible asset that can be leveraged. 
D)  Knowledge is not diluted when it is shared.

Question 2

Describe the various types of resources.

Accepted Answer

Resources are either tangible or intangi

Question 3

Organizational culture is:

Accepted Answer

A)  usually quick to form. 
B)  a potential source of competitive advantage. 
C)  so difficult to analyze that most firms should choose to ignore it. 
D)  rarely unique to a single firm. 
A)  usually quick to form. 
B)  a potential source of competitive advantage. 
C)  so difficult to analyze that most firms should choose to ignore it. 
D)  rarely unique to a single firm.

Question 4

Internal analysis enables a firm to determine:

Accepted Answer

A)  what the firm can do. 
B)  what the firm should do. 
C)  what the firm should have done. 
D)  when the firm should act. 
A)  what the firm can do. 
B)  what the firm should do. 
C)  what the firm should have done. 
D)  when the firm should act.

Question 5

Outsourcing is the:

Accepted Answer

A)  selling of a value-creating activity to other firms in an industry. 
B)  selling of a value-creating activity to other firms,whether or not they are in your industry. 
C)  purchase of a value-creating activity from an external supplier. 
D)  use of computers to obtain data from the Internet. 
A)  selling of a value-creating activity to other firms in an industry. 
B)  selling of a value-creating activity to other firms,whether or not they are in your industry. 
C)  purchase of a value-creating activity from an external supplier. 
D)  use of computers to obtain data from the Internet.

Question 6

Outsourcing is a matter of convenience for most firms because they usually possess the resources and capabilities required for competitive advantage superiority in all primary and secondary activities.

Accepted Answer

A) True 
 B)False

Question 7

Capabilities may be costly to imitate if they are causally ambiguous or socially complex.

Accepted Answer

A) True 
 B)False

Question 8

In the global economy,____ has made it increasingly difficult for a firm to develop and sustain a competitive advantage.

Accepted Answer

A)  the Internet 
B)  the increasing homogenization of global culture 
C)  the increasing hostility to American culture 
D)  the development of second world economies into true global contenders 
A)  the Internet 
B)  the increasing homogenization of global culture 
C)  the increasing hostility to American culture 
D)  the development of second world economies into true global contenders

Question 9

For capabilities to be a source of competitive advantage,they must allow a firm to perform value-creating activities that competitors are also able to complete.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is NOT true about value chain analysis?

Accepted Answer

A)  The value chain is a template the firm can use to understand its cost position. 
B)  This analysis helps to identify the single most important means that will facilitate strategy implementation. 
C)  Both primary and support activities should be analyzed. 
D)  It can be used to guide the implementation of business-level strategies. 
A)  The value chain is a template the firm can use to understand its cost position. 
B)  This analysis helps to identify the single most important means that will facilitate strategy implementation. 
C)  Both primary and support activities should be analyzed. 
D)  It can be used to guide the implementation of business-level strategies.

Question 11

Intangible assets include:

Accepted Answer

A)  the firm's reputation for its goods and services. 
B)  a firm's borrowing capacity. 
C)  depreciated capital assets. 
D)  manufacturing facilities. 
A)  the firm's reputation for its goods and services. 
B)  a firm's borrowing capacity. 
C)  depreciated capital assets. 
D)  manufacturing facilities.

Question 12

Value chain analysis is a tool used to:

Accepted Answer

A)  analyze a firm's external environment. 
B)  concentrate on a firm's internal environment without exercising a concern about the actions of those companies with which the firm competes. 
C)  understand the parts of the firm's organization that create value and those that do not. 
D)  determine how long an opportunity in a firm's external environment can be expected to last. 
A)  analyze a firm's external environment. 
B)  concentrate on a firm's internal environment without exercising a concern about the actions of those companies with which the firm competes. 
C)  understand the parts of the firm's organization that create value and those that do not. 
D)  determine how long an opportunity in a firm's external environment can be expected to last.

Question 13

Which of the following is NOT a factor affecting sustainability of a competitive advantage?

Accepted Answer

A)  The availability of substitutes for a firm's core competence 
B)  The rate at which obsolescence of the core competence occurs 
C)  The imitability of a core competence 
D)  The availability of resources to the firm 
A)  The availability of substitutes for a firm's core competence 
B)  The rate at which obsolescence of the core competence occurs 
C)  The imitability of a core competence 
D)  The availability of resources to the firm

Question 14

A socially responsible firm does all of the following EXCEPT:

Accepted Answer

A)  treats employees and managers well. 
B)  pays list price to suppliers. 
C)  provides stable returns to shareholders. 
D)  adds positively to its community. 
A)  treats employees and managers well. 
B)  pays list price to suppliers. 
C)  provides stable returns to shareholders. 
D)  adds positively to its community.

Question 15

Only capabilities that are valuable,common,costly to imitate,and substitutable can be strategic capabilities.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is NOT an external event that reveals the "dark side" of core capabilities?

Accepted Answer

A)  A new competitor figures out a better way to serve the firm's customers. 
B)  New technologies emerge and replace those used by the firm. 
C)  A firm changes its focus to a new core competence. 
D)  Political or social events shift the foundation of current core capabilities. 
A)  A new competitor figures out a better way to serve the firm's customers. 
B)  New technologies emerge and replace those used by the firm. 
C)  A firm changes its focus to a new core competence. 
D)  Political or social events shift the foundation of current core capabilities.

Question 17

When a firm such as Harley-Davidson has a strong brand name,it is challenged to:

Accepted Answer

A)  develop another source of competitive advantage. 
B)  exploit the brand name as a competitive advantage. 
C)  develop new bundles of resources to be used to gain a competitive advantage. 
D)  identify new core competencies in the firm. 
A)  develop another source of competitive advantage. 
B)  exploit the brand name as a competitive advantage. 
C)  develop new bundles of resources to be used to gain a competitive advantage. 
D)  identify new core competencies in the firm.

Question 18

A firm's inability to understand how a competitor uses its capabilities to gain competitive advantage is an example of:

Accepted Answer

A)  social complexity. 
B)  causal ambiguity. 
C)  the rarity of a capability. 
D)  the nonsubstitutability of a capability. 
A)  social complexity. 
B)  causal ambiguity. 
C)  the rarity of a capability. 
D)  the nonsubstitutability of a capability.

Question 19

A competitive advantage can be created when several resources are bundled together in a unique fashion.

Accepted Answer

A) True 
 B)False

Question 20

The critical executive skill of the age is fast becoming ____.

Accepted Answer

A)  the ability to manage information systems. 
B)  the ability to balance and combine tangible and intangible resources. 
C)  the capacity to manage human intellect. 
D)  expertise in handling global relationships. 
A)  the ability to manage information systems. 
B)  the ability to balance and combine tangible and intangible resources. 
C)  the capacity to manage human intellect. 
D)  expertise in handling global relationships.

Which of the following statements is in disagreement with the discussion in your textbook about knowledge?

Describe the various types of resources.

Organizational culture is:

Internal analysis enables a firm to determine:

Outsourcing is the:

Outsourcing is a matter of convenience for most firms because they usually possess the resources and capabilities required for competitive advantage superiority in all primary and secondary activities.

Capabilities may be costly to imitate if they are causally ambiguous or socially complex.

In the global economy,____ has made it increasingly difficult for a firm to develop and sustain a competitive advantage.

For capabilities to be a source of competitive advantage,they must allow a firm to perform value-creating activities that competitors are also able to complete.

Which of the following is NOT true about value chain analysis?

Intangible assets include:

Value chain analysis is a tool used to:

Which of the following is NOT a factor affecting sustainability of a competitive advantage?

A socially responsible firm does all of the following EXCEPT:

Only capabilities that are valuable,common,costly to imitate,and substitutable can be strategic capabilities.

Which of the following is NOT an external event that reveals the "dark side" of core capabilities?

When a firm such as Harley-Davidson has a strong brand name,it is challenged to:

A firm's inability to understand how a competitor uses its capabilities to gain competitive advantage is an example of:

A competitive advantage can be created when several resources are bundled together in a unique fashion.

The critical executive skill of the age is fast becoming ____.

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

Which of the following statements is in disagreement with the discussion in your textbook about knowledge?

Describe the various types of resources.

Organizational culture is:

Internal analysis enables a firm to determine:

Outsourcing is the:

Outsourcing is a matter of convenience for most firms because they usually possess the resources and capabilities required for competitive advantage superiority in all primary and secondary activities.

Capabilities may be costly to imitate if they are causally ambiguous or socially complex.

In the global economy,____ has made it increasingly difficult for a firm to develop and sustain a competitive advantage.

For capabilities to be a source of competitive advantage,they must allow a firm to perform value-creating activities that competitors are also able to complete.

Which of the following is NOT true about value chain analysis?

Intangible assets include:

Value chain analysis is a tool used to:

Which of the following is NOT a factor affecting sustainability of a competitive advantage?

A socially responsible firm does all of the following EXCEPT:

Only capabilities that are valuable,common,costly to imitate,and substitutable can be strategic capabilities.

Which of the following is NOT an external event that reveals the "dark side" of core capabilities?

When a firm such as Harley-Davidson has a strong brand name,it is challenged to:

A firm's inability to understand how a competitor uses its capabilities to gain competitive advantage is an example of:

A competitive advantage can be created when several resources are bundled together in a unique fashion.

The critical executive skill of the age is fast becoming ____.

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