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

Which of the following is not an essential skill that a manager needs to possess to manage outsourcing programs?

Value chain activities can be:

Do competitive advantages last forever? Explain your answer.

Outsourcing involves:

A global mind-set is the ability to study an internal environment in ways that depend on the assumptions of a single country, culture and context.

We can often locate information about a firm's sources of competitive advantage in its corporate financial information.

Evidence has suggested that ________ of organisational decisions fail.

The condition of uncertainty in managerial decision making occurs when:

Resources and capabilities are core competencies only when their use:

While valuable capabilities decrease competitive rivalry, rare capabilities increase it.

All resources and capabilities are core competencies.

A firm's resources and capabilities:

Explain the role of innovation in a firm's competitive advantage.

Capabilities that other firms cannot develop easily are classified as:

Outsourcing does not work effectively without:

How can managers deal with conditions affecting decisions about resources, capabilities and core competencies?

The term a global mind-set refers to the ability:

Describe the importance of internal analysis to the strategic success of a firm.

What causes core capabilities to become core rigidities?

Describe the four specific criteria that managers can use to decide which of their firm's capabilities have the potential to create a sustainable competitive advantage.