Question 1

Define distinctive competencies and give an example.

Accepted Answer

Distinctive competencies are t

Question 2

Describe the six step process that strategists can follow to manage the accumulation and deployment of resources?

Accepted Answer

Step 1: Attend to Necessary Resources
St

Question 3

Using the Internet as an example of a change in the environment, describe in detail three examples of firms that experienced competence-destroying changes.

Accepted Answer

One possible answer might include the de

Question 4

Every strategist inherits a stock of resources and must sometimes leave them behind, and assets more appropriate to changing conditions must be developed.

Accepted Answer

A) True 
 B)False

Question 5

In the 1990s, the UK's Marks and Spencer stores expanded through Canada, Europe and the United States.

Accepted Answer

A) True 
 B)False

Question 6

Resources most likely to generate competitive market advantage have what characteristics?

Accepted Answer

A)  Common 
B)  Tradeable, available on the open market 
C)  Easily substitutable 
D)  All of the above 
E)  None of the above 
A)  Common 
B)  Tradeable, available on the open market 
C)  Easily substitutable 
D)  All of the above 
E)  None of the above

Question 7

Research on value of brands as a resource shows the lowest user loyalty for:

Accepted Answer

A)  Athletic shoes 
B)  Coffee 
C)  Garbage bags 
D)  Laundry detergent 
A)  Athletic shoes 
B)  Coffee 
C)  Garbage bags 
D)  Laundry detergent

Question 8

The appropriability of resources refers to whether a competitor can capture the profit it generates.

Accepted Answer

A) True 
 B)False

Question 9

The seven steps in managing resources include defining distinctive competencies by doing comparison with other firms.

Accepted Answer

A) True 
 B)False

Question 10

The web's harmful affect on brick and mortar travel agency business is an example of 'competence-enhancing' change.

Accepted Answer

A) True 
 B)False

Define distinctive competencies and give an example.

Describe the six step process that strategists can follow to manage the accumulation and deployment of resources?

Using the Internet as an example of a change in the environment, describe in detail three examples of firms that experienced competence-destroying changes.

Every strategist inherits a stock of resources and must sometimes leave them behind, and assets more appropriate to changing conditions must be developed.

In the 1990s, the UK's Marks and Spencer stores expanded through Canada, Europe and the United States.

Resources most likely to generate competitive market advantage have what characteristics?

Research on value of brands as a resource shows the lowest user loyalty for:

The appropriability of resources refers to whether a competitor can capture the profit it generates.

The seven steps in managing resources include defining distinctive competencies by doing comparison with other firms.

The web's harmful affect on brick and mortar travel agency business is an example of 'competence-enhancing' change.

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

Define distinctive competencies and give an example.

Describe the six step process that strategists can follow to manage the accumulation and deployment of resources?

Using the Internet as an example of a change in the environment, describe in detail three examples of firms that experienced competence-destroying changes.

Every strategist inherits a stock of resources and must sometimes leave them behind, and assets more appropriate to changing conditions must be developed.

In the 1990s, the UK's Marks and Spencer stores expanded through Canada, Europe and the United States.

Resources most likely to generate competitive market advantage have what characteristics?

Research on value of brands as a resource shows the lowest user loyalty for:

The appropriability of resources refers to whether a competitor can capture the profit it generates.

The seven steps in managing resources include defining distinctive competencies by doing comparison with other firms.

The web's harmful affect on brick and mortar travel agency business is an example of 'competence-enhancing' change.

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