Question 1

The industry view of firm performance is illustrated by which of the following?

Accepted Answer

A)  Structure-conduct-performance 
B)  Inside-out approach 
C)  Conduct-performance-structure 
D)  Resource-based view 
A)  Structure-conduct-performance 
B)  Inside-out approach 
C)  Conduct-performance-structure 
D)  Resource-based view A

Question 2

Firm A has a machine that machine knits jumpers very cheaply. Firm B employs labour in China that can hand knit jumpers for the same price. Firm B has a _____________________ resource.

Accepted Answer

Substitute

Question 3

A competence confers competitive advantage.

Accepted Answer

A) True 
 B)False  False

Question 4

Which of the following activities does knowledge management include? Please select all that apply.

Accepted Answer

A)  Knowledge acquisition 
B)  Knowledge transfer 
C)  Exploitation of knowledge 
D)  Knowledge codification 
A)  Knowledge acquisition 
B)  Knowledge transfer 
C)  Exploitation of knowledge 
D)  Knowledge codification

Question 5

An organization's architecture comprises of:

Accepted Answer

A)  Relational contracts that exist within and outside the organization. 
B)  The physical assets of the organization. 
C)  The organizational structure of the organization. 
D)  The ownership structure of the organization. 
A)  Relational contracts that exist within and outside the organization. 
B)  The physical assets of the organization. 
C)  The organizational structure of the organization. 
D)  The ownership structure of the organization.

Question 6

Prahalad and Hamel (1990) pointed out that some corporations treat their corporation as a portfolio of discrete businesses. They referred to this as 'the tyranny of the SBU'.

Accepted Answer

A) True 
 B)False

Question 7

The resource-based view of the firm has received some criticism. Which of the following statements are criticisms? Please select all that apply.

Accepted Answer

A)  There is not enough detail on how to implement the approach. 
B)  It says little on how strategies develop over time. 
C)  There is little recognition of emergent strategies. 
D)  It is just another name for knowledge management. 
A)  There is not enough detail on how to implement the approach. 
B)  It says little on how strategies develop over time. 
C)  There is little recognition of emergent strategies. 
D)  It is just another name for knowledge management.

Question 8

An organization's competitive advantage can be sustained when:

Accepted Answer

A)  Valuable and rare capabilities are imitable. 
B)  The organization is first-mover. 
C)  Competing organizations cannot copy these capabilities. 
D)  Valuable and rare capabilities are non-tradable. 
A)  Valuable and rare capabilities are imitable. 
B)  The organization is first-mover. 
C)  Competing organizations cannot copy these capabilities. 
D)  Valuable and rare capabilities are non-tradable.

Question 9

Dyson has sustained its competitive advantage mainly due to:

Accepted Answer

A)  Its technology. 
B)  Its design capability. 
C)  Combined VRIO resources and capabilities. 
D)  The ownership structure of the organization. 
A)  Its technology. 
B)  Its design capability. 
C)  Combined VRIO resources and capabilities. 
D)  The ownership structure of the organization.

Question 10

One reason for the plethora of confusion that still resides within the dynamic capabilities framework is that key participants remain divided on crucial conceptual issues.

Accepted Answer

A) True 
 B)False

Question 11

If it is known why an organization is successful at a particular activity, it is easy for a competitor to imitate that activity.

Accepted Answer

A) True 
 B)False

Question 12

For a distinctive capability to be ________________ it must persist over time.

Accepted Answer

The answer of For a distinctive capability to be ________________...

Question 13

Which of the following statements describes 'tacit' knowledge? Please select all that apply.

Accepted Answer

A)  It is used in driving a car expertly. 
B)  The driving test theory manual would be an example of it. 
C)  It is used in the formation of team routines. 
D)  The theory of team roles would be an example of it. 
A)  It is used in driving a car expertly. 
B)  The driving test theory manual would be an example of it. 
C)  It is used in the formation of team routines. 
D)  The theory of team roles would be an example of it.

Question 14

For a resource to be considered 'strategic', it must meet four criteria. These are value, difficult to imitate, rare and…

Accepted Answer

A)  Difficult to copy 
B)  Difficult to find 
C)  Difficult to substitute 
D)  Difficult to patent 
A)  Difficult to copy 
B)  Difficult to find 
C)  Difficult to substitute 
D)  Difficult to patent

Question 15

What three conditions allow distinctive capability to be unreproducible: please select all that apply.

Accepted Answer

A)  A market structure that limits entry. 
B)  The physical assets of the organization. 
C)  The organizational history which by definition will require time to replicate. 
D)  Tacitness in relationships. 
A)  A market structure that limits entry. 
B)  The physical assets of the organization. 
C)  The organizational history which by definition will require time to replicate. 
D)  Tacitness in relationships.

Question 16

If a company has 'leveraged' its knowledge, it means it has:

Accepted Answer

A)  Written it down 
B)  Protected it 
C)  Made best use of it 
D)  Sold it to another company 
A)  Written it down 
B)  Protected it 
C)  Made best use of it 
D)  Sold it to another company

Question 17

If it is difficult to establish cause and effect, i.e. why something happened, this is known as _________________.

Accepted Answer

The answer of If it is difficult to establish cause...

Question 18

The resource-based view of the firm has which of the following points of view?

Accepted Answer

A)  That competitive advantage derives from being in the right industry with the right generic strategy 
B)  The outside-in 
C)  That competitive advantage derives from within the organization 
D)  That structure determines performance 
A)  That competitive advantage derives from being in the right industry with the right generic strategy 
B)  The outside-in 
C)  That competitive advantage derives from within the organization 
D)  That structure determines performance

Question 19

British Airways outsources its in-flight catering. This is a reasonable thing to do because BA does not have a core competence in catering.

Accepted Answer

A) True 
 B)False

Question 20

The term ______________can be used in place of the term "core competences".

Accepted Answer

The answer of The term ______________can be used in place...

The industry view of firm performance is illustrated by which of the following?

Firm A has a machine that machine knits jumpers very cheaply. Firm B employs labour in China that can hand knit jumpers for the same price. Firm B has a _____________________ resource.

A competence confers competitive advantage.

Which of the following activities does knowledge management include? Please select all that apply.

An organization's architecture comprises of:

Prahalad and Hamel (1990) pointed out that some corporations treat their corporation as a portfolio of discrete businesses. They referred to this as 'the tyranny of the SBU'.

The resource-based view of the firm has received some criticism. Which of the following statements are criticisms? Please select all that apply.

An organization's competitive advantage can be sustained when:

Dyson has sustained its competitive advantage mainly due to:

One reason for the plethora of confusion that still resides within the dynamic capabilities framework is that key participants remain divided on crucial conceptual issues.

If it is known why an organization is successful at a particular activity, it is easy for a competitor to imitate that activity.

For a distinctive capability to be ________________ it must persist over time.

Which of the following statements describes 'tacit' knowledge? Please select all that apply.

For a resource to be considered 'strategic', it must meet four criteria. These are value, difficult to imitate, rare and…

What three conditions allow distinctive capability to be unreproducible: please select all that apply.

If a company has 'leveraged' its knowledge, it means it has:

If it is difficult to establish cause and effect, i.e. why something happened, this is known as _________________.

The resource-based view of the firm has which of the following points of view?

British Airways outsources its in-flight catering. This is a reasonable thing to do because BA does not have a core competence in catering.

The term ______________can be used in place of the term "core competences".

What Is Strategy

Evaluating the Macro-Environment

Industry Analysis

The Organisation: Value-Creating Activities

Business Strategy

Corporate Strategy

International Strategy

Organizational Structures and Strategic Change

Strategic Leadership

Corporate Governance

Filters

Exam 5: The Internal Environment: a Resource-Based View of Strategy

The industry view of firm performance is illustrated by which of the following?

Firm A has a machine that machine knits jumpers very cheaply. Firm B employs labour in China that can hand knit jumpers for the same price. Firm B has a _____________________ resource.

A competence confers competitive advantage.

Which of the following activities does knowledge management include? Please select all that apply.

An organization's architecture comprises of:

Prahalad and Hamel (1990) pointed out that some corporations treat their corporation as a portfolio of discrete businesses. They referred to this as 'the tyranny of the SBU'.

The resource-based view of the firm has received some criticism. Which of the following statements are criticisms? Please select all that apply.

An organization's competitive advantage can be sustained when:

Dyson has sustained its competitive advantage mainly due to:

One reason for the plethora of confusion that still resides within the dynamic capabilities framework is that key participants remain divided on crucial conceptual issues.

If it is known why an organization is successful at a particular activity, it is easy for a competitor to imitate that activity.

For a distinctive capability to be ________________ it must persist over time.

Which of the following statements describes 'tacit' knowledge? Please select all that apply.

For a resource to be considered 'strategic', it must meet four criteria. These are value, difficult to imitate, rare and…

What three conditions allow distinctive capability to be unreproducible: please select all that apply.

If a company has 'leveraged' its knowledge, it means it has:

If it is difficult to establish cause and effect, i.e. why something happened, this is known as _________________.

The resource-based view of the firm has which of the following points of view?

British Airways outsources its in-flight catering. This is a reasonable thing to do because BA does not have a core competence in catering.

The term ______________can be used in place of the term "core competences".

What Is Strategy

Evaluating the Macro-Environment

Industry Analysis

The Organisation: Value-Creating Activities

Business Strategy

Corporate Strategy

International Strategy

Organizational Structures and Strategic Change

Strategic Leadership

Corporate Governance

Filters