Exam 4: Leveraging Resources and Capabilities

The combination of resources and assets that enable a firm to gain a competitive advantage are referred to as supplementary assets.

An original brand manufacturer includes research and development in its value chain activities.

Tangible resources and capabilities are assets that are observable and easily quantified.

An original equipment manufacturer does not include marketing in its value chain activities.

The SWOT analysis exclusively focuses on the value and imitability aspects of the resources and capabilities of a firm.

Turning over an organizational activity to a domestic firm is called _____.

Which of the following strategies would suit a firm activity that is both firm-specific and industry-specific? 

_____ refers to a combination of resources and assets that enables a firm to gain a competitive advantage.

Articulate the benefits of offshoring.

Onshoring is the process of turning over an organizational activity to a foreign supplier that will perform it on behalf of the focal firm.

Describe the VRIO framework.

Original brand manufacturers cover more value chain activities than original equipment manufacturers.

The point at which an industry-specific activity becomes common across industries and the need to keep it proprietary no longer exists is called _____.

A firm's financial resources and capabilities are an example of its intangible assets.

Including _____ into its organizational boundaries would convert an OEM into an ODM.

Benchmarking is the process of converting a firm-specific activity into an industry-specific activity.

Turning over an organizational activity to an international firm or foreign firm is called _____.

Organizational culture is an example of _____.

Identify the four categories of tangible resources that a firm can possess.

A firm's resources and capabilities are the tangible and intangible assets used to choose and implement its strategies.