Exam 6: Competitive Strategy: The Analysis of Strategic Capability

Firm's that start off with a similar set of resources are likely to diverge over time because

___________ assets are those which do not have a physical presence.

A strategic industry factor (Amit and Shoemaker) is known ex ante

A fundamental argument of the resource-based view is that two firms with the same generic resources are likely to develop similar capabilities

Amit and Shoemaker (1993) devised a theory to explain how competitive advantage can achieved. They suggest that core competencies (strategic assets) should be seen in the context of

The resource-based view sees the firm as a 'black box'.

Which view of strategy argues that competitive advantage derives from 'core competences'?

In the heavy construction vehicles industry, Komatsu outperformed Caterpillar in the 1990s by changing the basis of competitive advantage from quality to cost. Komatsu used strategic ___________

Which of the following are capabilities?

The strategic assets of a firm cannot be considered in isolation to KSFs. What do we mean by KSFs?

How does 'causal ambiguity' protect competitive advantage?

A core competence cannot be a physical asset

The asset triangle (McGee) is made up of make-or-buy assets, strategic assets and

In the l980s the external environment was seen as the determinant of competitive advantage.

Make-or-buy assets include those that are important strategically.

Adapting and expanding resources to fulfill the aims of strategic intent is known as

In practice there are four main influences on competitive strategy and these can be in conflict with each other. The influences are company strengths and weaknesses, industry opportunities and threats, broader societal expectations and

The 'core competence' concept can be applied at corporate level and business level.

What is meant by the term 'strategic intent'?

Describe typical characteristics of 'strategic industry factors' (Amit and Shoemaker, 1993).