Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

A global mind-set is free of the assumptions of a single country, culture, or context.

Accepted Answer

A) True 
 B)False

Question 3

When firms lay off employees they are

Accepted Answer

A)  treating employees as an intangible resource. 
B)  recognizing the reduced value of labor in the value chain. 
C)  eroding the organization's knowledge resources. 
D)  temporarily sacrificing a tangible asset that is easily replace. 
A)  treating employees as an intangible resource. 
B)  recognizing the reduced value of labor in the value chain. 
C)  eroding the organization's knowledge resources. 
D)  temporarily sacrificing a tangible asset that is easily replace.

Question 4

A major U.S. manufacturer of children's toys believes its main competitive advantage lies in its continuing development of innovative toys and games. The company is facing increasing competition on price and it is strongly considering outsourcing to offshore firms as a means of reducing costs. The LAST function this firm should consider outsourcing is

Accepted Answer

A)  production. 
B)  research and development. 
C)  information technology. 
D)  distribution. 
A)  production. 
B)  research and development. 
C)  information technology. 
D)  distribution.

Question 5

A decision that results in failure

Accepted Answer

A)  is a career-ending event because it is so unusual. 
B)  often results from lack of accountability. 
C)  fosters organizational inertia. 
D)  allows for learning. 
A)  is a career-ending event because it is so unusual. 
B)  often results from lack of accountability. 
C)  fosters organizational inertia. 
D)  allows for learning.

Question 6

Older employees are less valuable resources to firms than younger employees, because the older employees have lower stocks of knowledge. Consequently, employee reductions should begin with early retirement inducements.

Accepted Answer

A) True 
 B)False

Question 7

GE was effective in developing its human capital, but failed in transferring that knowledge throughout the organization.

Accepted Answer

A) True 
 B)False

Question 8

Ryanair's unique capability is that it has been able to significantly cut costs but remain popular with its customers.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is not a component of internal analysis leading to competitive advantage?

Accepted Answer

A)  Tangible and intangible resources. 
B)  Analysis of supplier power. 
C)  Capabilities. 
D)  Core competencies. 
A)  Tangible and intangible resources. 
B)  Analysis of supplier power. 
C)  Capabilities. 
D)  Core competencies.

Question 10

A major department store chain has a strict policy of banning photographs or videos of its sales floor or back room operations. It also does not allow academics to conduct studies of it for publication in research journals. In fact, some of its own top managers refer to the management's policies on secrecy as "verging on paranoid." These policies indicate that the top management of the firm believes the organization's core competencies are

Accepted Answer

A)  causally ambiguous. 
B)  unobservable. 
C)  imitable. 
D)  common. 
A)  causally ambiguous. 
B)  unobservable. 
C)  imitable. 
D)  common.

Question 11

Firms should seek to continually develop new core competencies because all core competencies have limited life spans.

Accepted Answer

A) True 
 B)False

Question 12

It is vital for firms to develop

Accepted Answer

A)  one strong core competency. 
B)  as many core competencies as possible. 
C)  three or four core competencies. 
D)  an ever-changing array of competencies, as competencies rarely last longer than two years. 
A)  one strong core competency. 
B)  as many core competencies as possible. 
C)  three or four core competencies. 
D)  an ever-changing array of competencies, as competencies rarely last longer than two years.

Question 13

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

Accepted Answer

A) True 
 B)False

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

A global mind-set is free of the assumptions of a single country, culture, or context.

When firms lay off employees they are

A decision that results in failure

Older employees are less valuable resources to firms than younger employees, because the older employees have lower stocks of knowledge. Consequently, employee reductions should begin with early retirement inducements.

GE was effective in developing its human capital, but failed in transferring that knowledge throughout the organization.

Ryanair's unique capability is that it has been able to significantly cut costs but remain popular with its customers.

Which of the following is not a component of internal analysis leading to competitive advantage?

Firms should seek to continually develop new core competencies because all core competencies have limited life spans.

It is vital for firms to develop

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

Strategic Management and Strategic Competitiveness

The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis

Business Level Strategy

Competitive Rivalry and Competitive Dynamics

Corporate-Level Strategy

Merger and Acquisition Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organizational Structure and Controls

Strategic Leadership

Strategic Entrepreneurship

Filters

Exam 3: The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages

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

A global mind-set is free of the assumptions of a single country, culture, or context.

When firms lay off employees they are

A decision that results in failure

Older employees are less valuable resources to firms than younger employees, because the older employees have lower stocks of knowledge. Consequently, employee reductions should begin with early retirement inducements.

GE was effective in developing its human capital, but failed in transferring that knowledge throughout the organization.

Ryanair's unique capability is that it has been able to significantly cut costs but remain popular with its customers.

Which of the following is not a component of internal analysis leading to competitive advantage?

Firms should seek to continually develop new core competencies because all core competencies have limited life spans.

It is vital for firms to develop

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

Strategic Management and Strategic Competitiveness

The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis

Business Level Strategy

Competitive Rivalry and Competitive Dynamics

Corporate-Level Strategy

Merger and Acquisition Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organizational Structure and Controls

Strategic Leadership

Strategic Entrepreneurship

Filters