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

Analyzing the internal environment enables a firm to determine what it might be able to do by identifying what opportunities exist.

Before the firm can make strategic decisions,managers must prioritize the decisions that generate adequate quarterly earning numbers.

Tangible resources include:

Compared to tangible resources,intangible resources are:

A major reason outsourcing is being used is that:

In a globally competitive economy,the most valuable links on the value chain relate(s) to:

To be a strategic capability,a capability must satisfy all of the following criteria EXCEPT:

In what way did Federal Express reconfigure the value chain that has resulted in changing the nature of the delivery business?

Value of a product is measured by the variable and fixed costs associated with its production.

Because knowledge acquisition and development has become so important in large companies,many firms have created a management position with the title of:

Causally ambiguous means that:

There are correct models and rules that must be followed when conducting a value chain analysis or the correct answer will not be determined.