Exam 3: Resources and Capabilities

In SWOT analysis, the resource view focuses on OT: Opportunities and Threats.

How has offshoring contributed to complex supply-chain management? What are some examples?

In SWOT analysis, the industry view focuses on SW: Strengths and Weaknesses.

Traditional resource-based view: a. Overemphasizes leveraging existing resources/capabilities. b. Underemphasizes developing new resources/capabilities. c. Both of the above. d. Underemphasizes leveraging existing resources/capabilities. e. Overemphasizes developing new resources/capabilities.

On any given activity, one of the four choices for managers in terms of modes and locations includes inshoring.

A SWOT analysis engages managers to ascertain a firm's strengths and weaknesses on an activity-by-activity basis.

The chapter indicates that Toyota is an example of causal ambiguity.

It is easier to imitate intangible resources/capabilities than tangible ones.

Which of the following are not involved in hypercompetition? a. A shortened window during which a firm may command competitive advantage. b. Dynamic maneuvering. c. Unleashing a series of small, unpredictable, but powerful actions. d. Slowing the pace of change. e. Attempts to erode rivals' competitive advantage.

What is the relationship of benchmarking to the Value Chain? Any cautions in benchmarking?

Examining whether a firm has resources and capabilities to perform a particular activity in a manner superior to competitors is known as _________ in SWOT analysis. a. Parity b. Competition c. Benchmarking d. Deskmarking e. Standardization

Which of the following is better performed in-house instead of being outsourced? a. An activity with a high degree of industry commonality. b. A high degree of commoditization. c. An industry-specific and firm-specific (proprietary) activity. d. All of the above. e. None of the above.

If Company A and Company B both have valuable assets that are identical, the text indicates that in order for A to gain a competitive advantage over B, A must: a. Use its assets differently. b. Find some basis for suing B. c. Get out of its existing business. d. Increase its quantity of those assets. e. All of the above.

Tightly bundled resources/capabilities may be a disadvantage in high velocity environments.

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

Tacit knowledge is probably the most _________ resource. a. Valuable b. Unique c. Hard-to-imitate d. Organizationally complex resource e. All of the above

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

A sustained competitive advantage can last since not all advantages eventually erode.

What do you think about the use of offshoring by MNEs? Is it a threat to jobs in the U.S.? Has it benefited MNEs and other countries more than the U.S.?

A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. a. Resources b. Dynamic capabilities c. Core competencies d. Net worth e. None of the above