Question 1

What are some of the risks associated with resource accumulation?

Accepted Answer

Uncertain capacity to accumula

Question 2

Luck can play a role in the resource environments available to a given company at a point in time.

Accepted Answer

A) True 
 B)False

Question 3

What is mimetic behaviour? Provide an example of a firm that displays mimetic behavior.

Accepted Answer

Mimetic behaviour is activity that follo

Question 4

The resource-based theory views the firm as a bundle of resources capable of creating value for shareholders and other stakeholders.

Accepted Answer

A) True 
 B)False

Question 5

The metaphor of the bathtub in describing management of resources describes the level of water in the tub as 'resource stocks' and the water entering the tub as 'resource flows'.

Accepted Answer

A) True 
 B)False

Question 6

Define routines and provide examples of how these routines might lead to distinctive competencies.

Accepted Answer

Routines systematize the knowledge requi

Question 7

Which of the following is not true about socialization?

Accepted Answer

A)  Can help employees to identify with their organization. 
B)  Informs newcomers of "how we do things around here." 
C)  Involves the telling and interpreting of stories. 
D)  Purely a formal process. 
A)  Can help employees to identify with their organization. 
B)  Informs newcomers of "how we do things around here." 
C)  Involves the telling and interpreting of stories. 
D)  Purely a formal process.

Question 8

When things go well, people tend to attribute success to their own efforts.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is not true about Disney?

Accepted Answer

A)  Disney appropriates most of the profit from its consumer goods due to its unique brand name. 
B)  Disney's 'human' stars such as Regis Philbin have more long-term success than classic stars such as Mickey and Minnie Mouse. 
C)  Disney purchased Pixar Animation studios in 2006. 
D)  Disney is known as one of the best places to work for U.S. graduates. 
A)  Disney appropriates most of the profit from its consumer goods due to its unique brand name. 
B)  Disney's 'human' stars such as Regis Philbin have more long-term success than classic stars such as Mickey and Minnie Mouse. 
C)  Disney purchased Pixar Animation studios in 2006. 
D)  Disney is known as one of the best places to work for U.S. graduates.

Question 10

Resource flow decisions are multiple, with daily, detailed decisions usually left to:

Accepted Answer

A)  Low level personnel 
B)  Middle personnel 
C)  Top level personnel 
A)  Low level personnel 
B)  Middle personnel 
C)  Top level personnel

Question 11

Socially complex activities can be, and usually are, understood by one individual and are easy for outsiders to replicate.

Accepted Answer

A) True 
 B)False

Question 12

Employee socialization occurs not only by formal instruction, but also by observing other employees at work.

Accepted Answer

A) True 
 B)False

Question 13

In the UK, Marks and Spencer allotted 10% of store space for employee welfare activities such as in-house medical care.

Accepted Answer

A) True 
 B)False

Question 14

Current competence and the resources that support it tend to erode.

Accepted Answer

A) True 
 B)False

Question 15

Most competitive resources are not causally ambiguous (e.g., the connection between activities and success is readily apparent).

Accepted Answer

A) True 
 B)False

Question 16

Strategists try to create and maintain brand identity. Provide examples of five questions that strategists might ask in this process.

Accepted Answer

Possible answers include What resources

Question 17

Amazon stock lost value by mid 2000 due to

Accepted Answer

A)  untalented employees 
B)  Lack of marketing skill 
C)  Lack of inventory management skill 
D)  Lack of publicity 
A)  untalented employees 
B)  Lack of marketing skill 
C)  Lack of inventory management skill 
D)  Lack of publicity

Question 18

Which of the following is true about tangible resources?

Accepted Answer

A)  Tangible resources are rare. 
B)  On their own, tangible resources are likely to create competitive advantage. 
C)  Tangible resources include knowledge and reputation. 
D)  Tangible resources can be combined with intangible resources to create capabilities. 
A)  Tangible resources are rare. 
B)  On their own, tangible resources are likely to create competitive advantage. 
C)  Tangible resources include knowledge and reputation. 
D)  Tangible resources can be combined with intangible resources to create capabilities.

Question 19

Which of the following is true about routines?

Accepted Answer

A)  Routines describe atypical behavioral patterns of firms. 
B)  Firm routines include the procedures for accounting and other processes. 
C)  Routines should never be changed or else firms will lose value. 
D)  Routines are combinations of tangible resources that create value. 
A)  Routines describe atypical behavioral patterns of firms. 
B)  Firm routines include the procedures for accounting and other processes. 
C)  Routines should never be changed or else firms will lose value. 
D)  Routines are combinations of tangible resources that create value.

Question 20

A company should expect to wait the longest number of years before developing which resource?

Accepted Answer

A)  databases 
B)  networks 
C)  company reputation 
D)  supplier know-how 
E)  employee know-how 
A)  databases 
B)  networks 
C)  company reputation 
D)  supplier know-how 
E)  employee know-how

What are some of the risks associated with resource accumulation?

Luck can play a role in the resource environments available to a given company at a point in time.

What is mimetic behaviour? Provide an example of a firm that displays mimetic behavior.

The resource-based theory views the firm as a bundle of resources capable of creating value for shareholders and other stakeholders.

The metaphor of the bathtub in describing management of resources describes the level of water in the tub as 'resource stocks' and the water entering the tub as 'resource flows'.

Define routines and provide examples of how these routines might lead to distinctive competencies.

Which of the following is not true about socialization?

When things go well, people tend to attribute success to their own efforts.

Which of the following is not true about Disney?

Resource flow decisions are multiple, with daily, detailed decisions usually left to:

Socially complex activities can be, and usually are, understood by one individual and are easy for outsiders to replicate.

Employee socialization occurs not only by formal instruction, but also by observing other employees at work.

In the UK, Marks and Spencer allotted 10% of store space for employee welfare activities such as in-house medical care.

Current competence and the resources that support it tend to erode.

Most competitive resources are not causally ambiguous (e.g., the connection between activities and success is readily apparent).

Strategists try to create and maintain brand identity. Provide examples of five questions that strategists might ask in this process.

Amazon stock lost value by mid 2000 due to

Which of the following is true about tangible resources?

Which of the following is true about routines?

A company should expect to wait the longest number of years before developing which resource?

Defining Strategy

Serving Customers

Seeking Opportunity

Competing With Rivals

Specifying a Business Model

Considering Corporate Strategy

Thinking Globally

Acting Responsibly

Ensuring Execution

Managing Knowledge

Providing Leadership

Filters

Exam 2: Developing Resources

What are some of the risks associated with resource accumulation?

Luck can play a role in the resource environments available to a given company at a point in time.

What is mimetic behaviour? Provide an example of a firm that displays mimetic behavior.

The resource-based theory views the firm as a bundle of resources capable of creating value for shareholders and other stakeholders.

The metaphor of the bathtub in describing management of resources describes the level of water in the tub as 'resource stocks' and the water entering the tub as 'resource flows'.

Define routines and provide examples of how these routines might lead to distinctive competencies.

Which of the following is not true about socialization?

When things go well, people tend to attribute success to their own efforts.

Which of the following is not true about Disney?

Resource flow decisions are multiple, with daily, detailed decisions usually left to:

Socially complex activities can be, and usually are, understood by one individual and are easy for outsiders to replicate.

Employee socialization occurs not only by formal instruction, but also by observing other employees at work.

In the UK, Marks and Spencer allotted 10% of store space for employee welfare activities such as in-house medical care.

Current competence and the resources that support it tend to erode.

Most competitive resources are not causally ambiguous (e.g., the connection between activities and success is readily apparent).

Strategists try to create and maintain brand identity. Provide examples of five questions that strategists might ask in this process.

Amazon stock lost value by mid 2000 due to

Which of the following is true about tangible resources?

Which of the following is true about routines?

A company should expect to wait the longest number of years before developing which resource?

Defining Strategy

Serving Customers

Seeking Opportunity

Competing With Rivals

Specifying a Business Model

Considering Corporate Strategy

Thinking Globally

Acting Responsibly

Ensuring Execution

Managing Knowledge

Providing Leadership

Filters