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

Organizational culture can be described as an intangible resource.

Kay (1993:69) stated '________________ does not create extraordinary organizations by collecting extraordinary people. It does so by enabling very ordinary people to perform in extraordinary ways'.

For a distinctive capability to be ____________ it needs to primarily benefit the organization which holds the capability, rather than its employees, its customers, or its competitors.

Distinction between dynamic and operational capabilities is actually difficult to define for reasons such as: please select all that apply.

In a turbulent environment, firms have to survive and grow by:

Dynamic capabilities are:

A methodological problem inherent in trying to add weight to the resource-based view of the firm is that many resources are tacit and intangible and therefore cannot be easily ______________.

Reputation could be a source of distinctive capability in markets:

The most difficult type of knowledge to transfer is:

Sidney Winter argues that the value of dynamic capabilities is endorsed by all strategy scholars.

An organization's ability to innovate successfully is also a source of distinctive capability for sustainability