Exam 4: Internal Analysis: Resources, Capabilities, and Activities

In order for a firm's strategy to be effective,it must match all of the following EXCEPT:

Under the resource-based view of competitive advantage,firm resources such as intellectual knowledge and plant equipment are:

Achieving dynamic capabilities is important to a firm because the rate of change in the external environment is accelerating.

Amazon compensated for their lack of valuable and rare resources by implementing a new distribution system to reduce operating costs.This is referred to as:

Within the resource-based model,what is the meaning of the term "resource heterogeneity"?

As noted in the Ch.4 Opening Case,Circuit City lost its market leadership in part because it laid off some of its most experienced and loyal salespeople.It can be said that Circuit City lost a resource that was:

In a SWOT analysis of a company,what tool should be applied to determine strengths and weaknesses? Similarly,what tool should be utilized to determine opportunities and threats?

Primary activities in the firm level value chain are:

The resource-based view is in sharp contrast to which model of industry competition (from Chapter 3).

Performance differences that exist between rivals within the same industry are based primarily on the external environment.

What pitfall does the use of strategic activity systems highlight when a competitor is considering imitating a rival firm?

Google's fixed assets,including its headquarters ("The Googleplex")and server farms are valued at $5 billion while the Google brand is valued at over $100 billion.Apple's physical attributes are valued at $2 billion while its brand is valued at over $63 billion.What can be derived from this?

Suppose several senior managers recently left Google and went to work at rival Microsoft.What part of the "stocks and flows" of resources does this represent for Microsoft?

When evaluating the sustainability of a competitive advantage which of the following is NOT true?

When only a few firms can perform a capability in the same unique way this capability is considered to be:

Resources and capabilities that generate a temporary competitive advantage are:

When a firm possesses resources and capabilities that are valuable,but not rare then it has a:

Intangible assets add great value to a firm because:

Crocs Shoes (maker of the plastic clog)had tremendous growth from its launch in 2002 to revenue of over $650 million in 2008.However its market share and stock price plummeted towards the end of 2008.Which VRIO attribute was given as the main cause of the decline of Crocs brand shoes in this period?

The assumption under the resource-based model that firm resources and capabilities differ across firms and this leads to performance differences is referred to as: