Question 1

Which of the following is not one of the basic methods for conducting an internal analysis?

Accepted Answer

A)  Resource-based analysis 
B)  SWOT analysis 
C)  Value chain analysis 
D)  Probability-impact analysis 
A)  Resource-based analysis 
B)  SWOT analysis 
C)  Value chain analysis 
D)  Probability-impact analysis

Question 2

The resource-based view of the firm:

Accepted Answer

A)  Emphasizes that it is difficult to develop and sustain a competitive advantage based on resources alone 
B)  Argues that the industry environment has a stronger influence on firms' ability to implement strategies successfully than does the competitor environment 
C)  Calls for firms to focus on their homogeneous capabilities to compete against their rivals 
D)  Suggests that vision and mission are closely linked to sustainable competitive advantage 
A)  Emphasizes that it is difficult to develop and sustain a competitive advantage based on resources alone 
B)  Argues that the industry environment has a stronger influence on firms' ability to implement strategies successfully than does the competitor environment 
C)  Calls for firms to focus on their homogeneous capabilities to compete against their rivals 
D)  Suggests that vision and mission are closely linked to sustainable competitive advantage

Question 3

What is the difference between a tangible and an intangible resource? Give an example of each? Which of these types of resources is most likely to lead to competitive advantage? Why?

Accepted Answer

.Resources fall into the general categor

Question 4

Define capabilities and how they affect the firm's strategic success.

Accepted Answer

.Capabilities exist when resources have

Question 5

Resources are bundled to create capabilities which in turn are the source of core competencies which are then the basis of competitive advantages.

Accepted Answer

A) True 
 B)False

Question 6

Capabilities and resources have the potential to lead to competitive advantage if they are valuable and unique.

Accepted Answer

A) True 
 B)False

Question 7

Valuable,rare,but imitable resources/capabilities may provide temporary competitive advantage.

Accepted Answer

A) True 
 B)False

Question 8

Regardless of the industry,the most valuable links on a firm's value chain will likely be:

Accepted Answer

A)  Financial managers 
B)  Technology experts 
C)  People who have knowledge of customers 
D)  Research and development specialists 
A)  Financial managers 
B)  Technology experts 
C)  People who have knowledge of customers 
D)  Research and development specialists

Question 9

Primary activities of the value chain include all of the following except:

Accepted Answer

A)  Inbound logistics 
B)  Procurement 
C)  Marketing and sales 
D)  Service 
A)  Inbound logistics 
B)  Procurement 
C)  Marketing and sales 
D)  Service

Question 10

Explain the essential characteristics of a resource or capability that leads to a sustainable competitive advantage.

Accepted Answer

.Resources and capabilities become stren

Question 11

Capabilities of an organization emerge spontaneously through the interaction of tangible and intangible resources.

Accepted Answer

A) True 
 B)False

Question 12

When resources and capabilities serve as a source of competitive advantage for a firm,the firm has created a(n):

Accepted Answer

A)  Strategic mission 
B)  Inspiring vision 
C)  Core competence 
D)  Sustainable market niche 
A)  Strategic mission 
B)  Inspiring vision 
C)  Core competence 
D)  Sustainable market niche

Question 13

Critics suggest that the resource-based view should eliminate dynamic capabilities.

Accepted Answer

A) True 
 B)False

Question 14

Intangible resources and capabilities are assets that are more easily quantified.

Accepted Answer

A) True 
 B)False

Question 15

What is the relationship between resources and capabilities? Is one more important than the other in creating a sustainable competitive advantage?

Accepted Answer

.Resources are the basic building blocks

Question 16

Which of the following is least likely to be a source of sustainable competitive advantage?

Accepted Answer

A)  A unique and valuable relationship with an important stakeholder 
B)  A computer program 
C)  An organization's culture 
D)  An organization's reputation 
A)  A unique and valuable relationship with an important stakeholder 
B)  A computer program 
C)  An organization's culture 
D)  An organization's reputation

Question 17

What is the most logical relationship between a sustainable competitive advantage and an organizational strength?

Accepted Answer

A)  A sustainable competitive advantage is a strength that is difficult for competitors to imitate 
B)  A strength cannot be duplicated while a sustainable competitive advantage is easily copied 
C)  Every strength leads to a sustainable competitive advantage 
D)  Every sustainable competitive advantage leads to a strength 
A)  A sustainable competitive advantage is a strength that is difficult for competitors to imitate 
B)  A strength cannot be duplicated while a sustainable competitive advantage is easily copied 
C)  Every strength leads to a sustainable competitive advantage 
D)  Every sustainable competitive advantage leads to a strength

Question 18

Having valuable,but common resources/capabilities leads to:

Accepted Answer

A)  Competitive parity. 
B)  Competitive advantage. 
C)  Competitive disparity. 
D)  Competitive disadvantage 
A)  Competitive parity. 
B)  Competitive advantage. 
C)  Competitive disparity. 
D)  Competitive disadvantage

Question 19

Which of the following questions should repeatedly be asked of managers to help them understand the nature of their core resources?

Accepted Answer

A)  What products or services are most likely to be successful in the market? 
B)  Who are your most important competitors? 
C)  What is the cause of this outcome? 
D)  What do your competitors do well that you do not? 
A)  What products or services are most likely to be successful in the market? 
B)  Who are your most important competitors? 
C)  What is the cause of this outcome? 
D)  What do your competitors do well that you do not?

Question 20

Significant results of a value chain analysis include which of the following?

Accepted Answer

A)  It can identify how much of a contribution is made by some of the intangible service activities performed in the company 
B)  It can shed light on how or where in the company the creation and capture of value can be enhanced and/or costs can be lowered without sacrificing value 
C)  It creates a better understanding of the complete set of value-creating activities in which the company engages 
D)  All of the above 
A)  It can identify how much of a contribution is made by some of the intangible service activities performed in the company 
B)  It can shed light on how or where in the company the creation and capture of value can be enhanced and/or costs can be lowered without sacrificing value 
C)  It creates a better understanding of the complete set of value-creating activities in which the company engages 
D)  All of the above

Which of the following is not one of the basic methods for conducting an internal analysis?

The resource-based view of the firm:

What is the difference between a tangible and an intangible resource? Give an example of each? Which of these types of resources is most likely to lead to competitive advantage? Why?

Define capabilities and how they affect the firm's strategic success.

Resources are bundled to create capabilities which in turn are the source of core competencies which are then the basis of competitive advantages.

Capabilities and resources have the potential to lead to competitive advantage if they are valuable and unique.

Valuable,rare,but imitable resources/capabilities may provide temporary competitive advantage.

Regardless of the industry,the most valuable links on a firm's value chain will likely be:

Primary activities of the value chain include all of the following except:

Explain the essential characteristics of a resource or capability that leads to a sustainable competitive advantage.

Capabilities of an organization emerge spontaneously through the interaction of tangible and intangible resources.

When resources and capabilities serve as a source of competitive advantage for a firm,the firm has created a(n):

Critics suggest that the resource-based view should eliminate dynamic capabilities.

Intangible resources and capabilities are assets that are more easily quantified.

What is the relationship between resources and capabilities? Is one more important than the other in creating a sustainable competitive advantage?

Which of the following is least likely to be a source of sustainable competitive advantage?

What is the most logical relationship between a sustainable competitive advantage and an organizational strength?

Having valuable,but common resources/capabilities leads to:

Which of the following questions should repeatedly be asked of managers to help them understand the nature of their core resources?

Significant results of a value chain analysis include which of the following?

What is Strategy

Strategic Objectives

Governance,Ethics & Corporate Social Responsibility in Strategy

Culture and Strategy

The External Environment

Business-Level Strategy

Corporate-Level Strategy

International Strategy

Competitive Rivalry & Competitive Dynamics

Strategic Leadership

Strategic Failure and Turnaround

Strategic Change

Strategic Implementation

Organizational Structure and Controls

Strategic Entrepreneurship

Filters

Exam 5: The Internal Environment

Which of the following is not one of the basic methods for conducting an internal analysis?

The resource-based view of the firm:

What is the difference between a tangible and an intangible resource? Give an example of each? Which of these types of resources is most likely to lead to competitive advantage? Why?

Define capabilities and how they affect the firm's strategic success.

Resources are bundled to create capabilities which in turn are the source of core competencies which are then the basis of competitive advantages.

Capabilities and resources have the potential to lead to competitive advantage if they are valuable and unique.

Valuable,rare,but imitable resources/capabilities may provide temporary competitive advantage.

Regardless of the industry,the most valuable links on a firm's value chain will likely be:

Primary activities of the value chain include all of the following except:

Explain the essential characteristics of a resource or capability that leads to a sustainable competitive advantage.

Capabilities of an organization emerge spontaneously through the interaction of tangible and intangible resources.

When resources and capabilities serve as a source of competitive advantage for a firm,the firm has created a(n):

Critics suggest that the resource-based view should eliminate dynamic capabilities.

Intangible resources and capabilities are assets that are more easily quantified.

What is the relationship between resources and capabilities? Is one more important than the other in creating a sustainable competitive advantage?

Which of the following is least likely to be a source of sustainable competitive advantage?

What is the most logical relationship between a sustainable competitive advantage and an organizational strength?

Having valuable,but common resources/capabilities leads to:

Which of the following questions should repeatedly be asked of managers to help them understand the nature of their core resources?

Significant results of a value chain analysis include which of the following?

What is Strategy

Strategic Objectives

Governance,Ethics & Corporate Social Responsibility in Strategy

Culture and Strategy

The External Environment

Business-Level Strategy

Corporate-Level Strategy

International Strategy

Competitive Rivalry & Competitive Dynamics

Strategic Leadership

Strategic Failure and Turnaround

Strategic Change

Strategic Implementation

Organizational Structure and Controls

Strategic Entrepreneurship

Filters