Question 1

Which of the following is not a dynamic capability?

Accepted Answer

A)  the ability to sense and seize new opportunities 
B)  theability to generate new knowledge 
C)  the ability to reconfigure existing assets 
D)  the ability to submit to conventional industry and market wisdom 
A)  the ability to sense and seize new opportunities 
B)  theability to generate new knowledge 
C)  the ability to reconfigure existing assets 
D)  the ability to submit to conventional industry and market wisdom

Question 2

SAP uses ________ to leverage the expertise and involvement of its users in developing new knowledge and then transmitting it to the entire SAP user community.

Accepted Answer

A)  tacit knowledge 
B)  crowdsourcing 
C)  algorithms 
D)  intellectual capital 
A)  tacit knowledge 
B)  crowdsourcing 
C)  algorithms 
D)  intellectual capital

Question 3

Advantages of effective social networks for career success include all the following except

Accepted Answer

A)  access to private information. 
B)  greater redundancy in knowledge sources. 
C)  access to diverse skill sets. 
D)  greater power. 
A)  access to private information. 
B)  greater redundancy in knowledge sources. 
C)  access to diverse skill sets. 
D)  greater power.

Question 4

New knowledge involves the continual interaction between ________ and ________ knowledge.

Accepted Answer

A)  intellectual; pragmatic 
B)  theoretical; practical 
C)  tacit; explicit 
D)  detailed; tacit 
A)  intellectual; pragmatic 
B)  theoretical; practical 
C)  tacit; explicit 
D)  detailed; tacit

Question 5

Which of the following is not a characteristic of e-teams?

Accepted Answer

A)  E-team members either work in geographically separated workplaces or may work in the same space but at different times. 
B)  E-teams may have members working in different spaces and time zones. 
C)  Most of the interactions among members of e-teams occur through electronic communication channels. 
D)  E-teams generally perform simple tasks. 
A)  E-team members either work in geographically separated workplaces or may work in the same space but at different times. 
B)  E-teams may have members working in different spaces and time zones. 
C)  Most of the interactions among members of e-teams occur through electronic communication channels. 
D)  E-teams generally perform simple tasks.

Question 6

According to a recent Gallup study, companies with the most engaged workers outperformed those with the least engaged workers on profitability, productivity, and lower turnover. Whichof the following processes is not likely to be an important factor in assuring this result?

Accepted Answer

A)  hiring 
B)  developing 
C)  engaging 
D)  retaining 
A)  hiring 
B)  developing 
C)  engaging 
D)  retaining

Question 7

Knowledge workers are more loyal to their companies than traditional workers.

Accepted Answer

A) True 
 B)False

Question 8

Intellectual property rights are the tangible property owned by a firm.

Accepted Answer

A) True 
 B)False

Question 9

The use of sophisticated information sharing platforms has increased in recent years in many organizations. This has helped to

Accepted Answer

A)  facilitate internal and external collaboration. 
B)  keep employees satisfied with social networks. 
C)  override the need for email. 
D)  increase paperwork. 
A)  facilitate internal and external collaboration. 
B)  keep employees satisfied with social networks. 
C)  override the need for email. 
D)  increase paperwork.

Question 10

Using an idea does not prevent others from simultaneously using it for their own benefit. Typically, this is impossible with ________ assets.

Accepted Answer

A)  intangible 
B)  strong 
C)  physical 
D)  flimsy 
A)  intangible 
B)  strong 
C)  physical 
D)  flimsy

Question 11

Social capital is a source of strength to many firms. Firms leverage their social capital in an effort to create competitive advantages. The social capital of a firm is based on the

Accepted Answer

A)  individual abilities of employees. 
B)  relationships among the employees of the firm. 
C)  allocation of the financial resources of the firm. 
D)  knowledge of an individual. 
A)  individual abilities of employees. 
B)  relationships among the employees of the firm. 
C)  allocation of the financial resources of the firm. 
D)  knowledge of an individual.

Question 12

According to Exhibit 4.1 in the textbook (Ratio of Market Value to Book Value for Selected Companies), firms with high market value to book value ratios achieve this because of their ________ investment in ________ resources and technological expertise.

Accepted Answer

A)  low; physical 
B)  low; tangible 
C)  high; knowledge 
D)  high; liquid asset 
A)  low; physical 
B)  low; tangible 
C)  high; knowledge 
D)  high; liquid asset

Question 13

Social network analysis is helpful because the configuration of the group member social ties within and outside the group affects the extent to which members connect to individuals whodoall of the following except

Accepted Answer

A)  convey needed resources. 
B)  have the opportunity to exchange information and support. 
C)  ensure that everyone has the same perspective on strategic and operational issues. 
D)  have the motivation to treat each other in positive ways. 
A)  convey needed resources. 
B)  have the opportunity to exchange information and support. 
C)  ensure that everyone has the same perspective on strategic and operational issues. 
D)  have the motivation to treat each other in positive ways.

Question 14

There are multiple challenges associated with making effective e-teams. Which of the following is not a challenge?

Accepted Answer

A)  Process losses result from identification and combination activities. 
B)  E-teams can be effective in generating social capital. 
C)  The physically dispersed team is susceptible to the risk factors that can create process loss. 
D)  Some collective energy, time, and effort must be devoted to dealing with team inefficiencies. 
A)  Process losses result from identification and combination activities. 
B)  E-teams can be effective in generating social capital. 
C)  The physically dispersed team is susceptible to the risk factors that can create process loss. 
D)  Some collective energy, time, and effort must be devoted to dealing with team inefficiencies.

Question 15

In general, teams suffer process loss because of ________ cohesion, ________ trust among members, a lack of appropriate norms or standard operating procedures, or a lack of shared understanding among team members about their tasks.

Accepted Answer

A)  high; high 
B)  low; high 
C)  high; low 
D)  low; low 
A)  high; high 
B)  low; high 
C)  high; low 
D)  low; low

Question 16

Once a knowledge asset (e.g., a software code) is developed and paid for, it can be used many times at very low cost as long as it does not have to be substantially modified each time.

Accepted Answer

A) True 
 B)False

Question 17

The use of information technology (e.g., email) has increased in recent years in many organizations. This has helped to

Accepted Answer

A)  make more effective use of time in every situation. 
B)  communicate information efficiently. 
C)  restrict social network growth. 
D)  create smaller social networks. 
A)  make more effective use of time in every situation. 
B)  communicate information efficiently. 
C)  restrict social network growth. 
D)  create smaller social networks.

Question 18

The text discusses three areas a firm must be concerned with to keep their best and brightest employees from leaving. These include all the following except

Accepted Answer

A)  hiring/selecting. 
B)  developing. 
C)  sorting/absorbing. 
D)  retaining. 
A)  hiring/selecting. 
B)  developing. 
C)  sorting/absorbing. 
D)  retaining.

Question 19

Firms must compete for top talent. In attracting and selecting employees, firms must strive to select the best fit for both the employee and the firm. In an attempt to reduce wasted time and effort in interviewing too many candidates while assuring a good candidate pool, a firm should

Accepted Answer

A)  run employment ads in the newspaper. 
B)  only let lower-level employees interview job candidates. 
C)  use a pre-interview quiz. 
D)  refrain from hiring by referrals from present employees. 
A)  run employment ads in the newspaper. 
B)  only let lower-level employees interview job candidates. 
C)  use a pre-interview quiz. 
D)  refrain from hiring by referrals from present employees.

Question 20

Which of the following reasons explains why painter Vincent van Gogh died penniless, while painter Pablo Picasso left a 740 million USD estate upon his death?

Accepted Answer

A)  Van Gogh had a wider range of social connections. 
B)  Picasso had a wider range of social connections and bridging relationships. 
C)  Picasso was a solitary node with few connections. 
D)  Van Gogh was a hub who embedded himself in a vast network that stretched across various social lines. 
A)  Van Gogh had a wider range of social connections. 
B)  Picasso had a wider range of social connections and bridging relationships. 
C)  Picasso was a solitary node with few connections. 
D)  Van Gogh was a hub who embedded himself in a vast network that stretched across various social lines.

Which of the following is not a dynamic capability?

SAP uses ________ to leverage the expertise and involvement of its users in developing new knowledge and then transmitting it to the entire SAP user community.

Advantages of effective social networks for career success include all the following except

New knowledge involves the continual interaction between and knowledge.

Which of the following is not a characteristic of e-teams?

According to a recent Gallup study, companies with the most engaged workers outperformed those with the least engaged workers on profitability, productivity, and lower turnover. Whichof the following processes is not likely to be an important factor in assuring this result?

Knowledge workers are more loyal to their companies than traditional workers.

Intellectual property rights are the tangible property owned by a firm.

The use of sophisticated information sharing platforms has increased in recent years in many organizations. This has helped to

Using an idea does not prevent others from simultaneously using it for their own benefit. Typically, this is impossible with ________ assets.

Social capital is a source of strength to many firms. Firms leverage their social capital in an effort to create competitive advantages. The social capital of a firm is based on the

According to Exhibit 4.1 in the textbook (Ratio of Market Value to Book Value for Selected Companies), firms with high market value to book value ratios achieve this because of their investment in resources and technological expertise.

Social network analysis is helpful because the configuration of the group member social ties within and outside the group affects the extent to which members connect to individuals whodoall of the following except

There are multiple challenges associated with making effective e-teams. Which of the following is not a challenge?

In general, teams suffer process loss because of cohesion, trust among members, a lack of appropriate norms or standard operating procedures, or a lack of shared understanding among team members about their tasks.

Once a knowledge asset (e.g., a software code) is developed and paid for, it can be used many times at very low cost as long as it does not have to be substantially modified each time.

The use of information technology (e.g., email) has increased in recent years in many organizations. This has helped to

The text discusses three areas a firm must be concerned with to keep their best and brightest employees from leaving. These include all the following except

Firms must compete for top talent. In attracting and selecting employees, firms must strive to select the best fit for both the employee and the firm. In an attempt to reduce wasted time and effort in interviewing too many candidates while assuring a good candidate pool, a firm should

Which of the following reasons explains why painter Vincent van Gogh died penniless, while painter Pablo Picasso left a 740 million USD estate upon his death?

Strategic Management Creating Competitive Advantages

Analyzing the External Environment of the Firm Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Business-Level Strategy Creating and Sustaining Competitive Advantages

Corporate-Level Strategy Creating Value through Diversification

International Strategy Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

Exam 4: Recognizing a Firm's Intellectual Assets Moving beyond a Firm's Tangible Resources

Which of the following is not a dynamic capability?

SAP uses ________ to leverage the expertise and involvement of its users in developing new knowledge and then transmitting it to the entire SAP user community.

Advantages of effective social networks for career success include all the following except

New knowledge involves the continual interaction between ________ and ________ knowledge.

Which of the following is not a characteristic of e-teams?

According to a recent Gallup study, companies with the most engaged workers outperformed those with the least engaged workers on profitability, productivity, and lower turnover. Whichof the following processes is not likely to be an important factor in assuring this result?

Knowledge workers are more loyal to their companies than traditional workers.

Intellectual property rights are the tangible property owned by a firm.

The use of sophisticated information sharing platforms has increased in recent years in many organizations. This has helped to

Using an idea does not prevent others from simultaneously using it for their own benefit. Typically, this is impossible with ________ assets.

Social capital is a source of strength to many firms. Firms leverage their social capital in an effort to create competitive advantages. The social capital of a firm is based on the

According to Exhibit 4.1 in the textbook (Ratio of Market Value to Book Value for Selected Companies), firms with high market value to book value ratios achieve this because of their ________ investment in ________ resources and technological expertise.

Social network analysis is helpful because the configuration of the group member social ties within and outside the group affects the extent to which members connect to individuals whodoall of the following except

There are multiple challenges associated with making effective e-teams. Which of the following is not a challenge?

In general, teams suffer process loss because of ________ cohesion, ________ trust among members, a lack of appropriate norms or standard operating procedures, or a lack of shared understanding among team members about their tasks.

Once a knowledge asset (e.g., a software code) is developed and paid for, it can be used many times at very low cost as long as it does not have to be substantially modified each time.

The use of information technology (e.g., email) has increased in recent years in many organizations. This has helped to

The text discusses three areas a firm must be concerned with to keep their best and brightest employees from leaving. These include all the following except

Firms must compete for top talent. In attracting and selecting employees, firms must strive to select the best fit for both the employee and the firm. In an attempt to reduce wasted time and effort in interviewing too many candidates while assuring a good candidate pool, a firm should

Which of the following reasons explains why painter Vincent van Gogh died penniless, while painter Pablo Picasso left a 740 million USD estate upon his death?

Strategic Management Creating Competitive Advantages

Analyzing the External Environment of the Firm Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Business-Level Strategy Creating and Sustaining Competitive Advantages

Corporate-Level Strategy Creating Value through Diversification

International Strategy Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

New knowledge involves the continual interaction between and knowledge.

According to Exhibit 4.1 in the textbook (Ratio of Market Value to Book Value for Selected Companies), firms with high market value to book value ratios achieve this because of their investment in resources and technological expertise.

In general, teams suffer process loss because of cohesion, trust among members, a lack of appropriate norms or standard operating procedures, or a lack of shared understanding among team members about their tasks.