Question 1

The more reliance a firm has on intellectual capital, the closer its book value will be to its market value.

Accepted Answer

A) True 
 B)False

Question 2

Technology can also enable much more sophisticated forms of communication in addition to knowledge sharing.

Accepted Answer

A) True 
 B)False

Question 3

Effective leaders can choose a mix of three levers. When motivation is the problem, they can use the ___________ lever, wherein they craft compelling common goals, articulate a strong value of cross-company teamwork, and encourage collaboration in order to send strong signals to lift individual sights beyond their narrow interests toward a common goal.

Accepted Answer

A) T-shaped management 
B) people 
C) network 
D) unification 
A) T-shaped management 
B) people 
C) network 
D) unification

Question 4

The network of relationships that individuals have throughout the organization is known as

Accepted Answer

A) human capital. 
B) social capital. 
C) intellectual capital. 
D) tacit knowledge. 
A) human capital. 
B) social capital. 
C) intellectual capital. 
D) tacit knowledge.

Question 5

Technology can be used successfully to leverage human capital and knowledge within organizations as well as with customers and suppliers beyond their boundaries.

Accepted Answer

A) True 
 B)False

Question 6

Explicit knowledge is generally known to everyone in the firm and is not a critical concern of management.

Accepted Answer

A) True 
 B)False

Question 7

A recent study of over 300 companies explored how management teams can understand and capitalize on the formal and informal social networks of their employees. Six common types of managers who get stuck in three types of network traps were identified. Which of the following is not one of these network traps?

Accepted Answer

A) the wrong structure 
B) the wrong relationships 
C) the wrong behavior 
D) the wrong business 
A) the wrong structure 
B) the wrong relationships 
C) the wrong behavior 
D) the wrong business

Question 8

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.

Question 9

Professionals frequently leave Microsoft en masse to form venture capital and technology start-ups, called Baby Bills, built around teams of software developers. This is an example of ____________ causing human capital mobility.

Accepted Answer

A) formal relationships 
B) social relationships 
C) tacit knowledge 
D) intellectual capital 
A) formal relationships 
B) social relationships 
C) tacit knowledge 
D) intellectual capital

Question 10

Developing human capital is essential to maintaining a competitive advantage in the current knowledge economy. Efforts and initiatives to develop human capital should be directed

Accepted Answer

A) at top managers. 
B) at human resource departments. 
C) throughout the firm at all levels. 
D) at the employees themselves. 
A) at top managers. 
B) at human resource departments. 
C) throughout the firm at all levels. 
D) at the employees themselves.

Question 11

Mary Stinson was required to take over a project after the entire team left the company. She was able to reconstruct what the team had accomplished through reading emails exchanged by the members of the team. This is an example of

Accepted Answer

A) inefficient use of information management. 
B) using explicit knowledge. 
C) using tacit knowledge. 
D) using replicated knowledge. 
A) inefficient use of information management. 
B) using explicit knowledge. 
C) using tacit knowledge. 
D) using replicated knowledge.

Question 12

According to the resource-based view of the firm, competitive advantages are ______ for competitors to copy, if they are based on unique bundles of resources.

Accepted Answer

A) easier 
B) faster 
C) harder 
D) more reliable 
A) easier 
B) faster 
C) harder 
D) more reliable

Question 13

Social capital has many potential benefits; however, according to the text, social capital

Accepted Answer

A) is always beneficial to a firm. 
B) may or may not be beneficial to a firm. 
C) usually restricts the productivity of employees. 
D) always hurts firm performance. 
A) is always beneficial to a firm. 
B) may or may not be beneficial to a firm. 
C) usually restricts the productivity of employees. 
D) always hurts firm performance.

Question 14

Start-up ventures often are formed by mobile human capital talent.

Accepted Answer

A) True 
 B)False

Question 15

Dynamic capabilities include ______ development, alliances, and acquisitions.

Accepted Answer

A) after-market 
B) product 
C) idea 
D) company 
A) after-market 
B) product 
C) idea 
D) company

Question 16

IP is characterized by significant development costs and very high marginal costs. It may take a substantial investment to develop a software program, an idea, or a digital music tune.

Accepted Answer

A) True 
 B)False

Question 17

Advantages of effective social networks for career success include all of 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 18

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 19

The use of communication platforms such as the Cisco Integrated Workforce Experience (IWE) permits companies to push out information where it is needed.

Accepted Answer

A) True 
 B)False

Question 20

In bridging relationships in social networks, one member is central to the communication flows in a group.

Accepted Answer

A) True 
 B)False

The more reliance a firm has on intellectual capital, the closer its book value will be to its market value.

Technology can also enable much more sophisticated forms of communication in addition to knowledge sharing.

The network of relationships that individuals have throughout the organization is known as

Technology can be used successfully to leverage human capital and knowledge within organizations as well as with customers and suppliers beyond their boundaries.

Explicit knowledge is generally known to everyone in the firm and is not a critical concern of management.

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?

Professionals frequently leave Microsoft en masse to form venture capital and technology start-ups, called Baby Bills, built around teams of software developers. This is an example of ____________ causing human capital mobility.

Developing human capital is essential to maintaining a competitive advantage in the current knowledge economy. Efforts and initiatives to develop human capital should be directed

Mary Stinson was required to take over a project after the entire team left the company. She was able to reconstruct what the team had accomplished through reading emails exchanged by the members of the team. This is an example of

According to the resource-based view of the firm, competitive advantages are ______ for competitors to copy, if they are based on unique bundles of resources.

Social capital has many potential benefits; however, according to the text, social capital

Start-up ventures often are formed by mobile human capital talent.

Dynamic capabilities include ______ development, alliances, and acquisitions.

IP is characterized by significant development costs and very high marginal costs. It may take a substantial investment to develop a software program, an idea, or a digital music tune.

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

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

The use of communication platforms such as the Cisco Integrated Workforce Experience (IWE) permits companies to push out information where it is needed.

In bridging relationships in social networks, one member is central to the communication flows in a group.

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 Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

The more reliance a firm has on intellectual capital, the closer its book value will be to its market value.

Technology can also enable much more sophisticated forms of communication in addition to knowledge sharing.

The network of relationships that individuals have throughout the organization is known as

Technology can be used successfully to leverage human capital and knowledge within organizations as well as with customers and suppliers beyond their boundaries.

Explicit knowledge is generally known to everyone in the firm and is not a critical concern of management.

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?

Professionals frequently leave Microsoft en masse to form venture capital and technology start-ups, called Baby Bills, built around teams of software developers. This is an example of ____________ causing human capital mobility.

Developing human capital is essential to maintaining a competitive advantage in the current knowledge economy. Efforts and initiatives to develop human capital should be directed

Mary Stinson was required to take over a project after the entire team left the company. She was able to reconstruct what the team had accomplished through reading emails exchanged by the members of the team. This is an example of

According to the resource-based view of the firm, competitive advantages are ______ for competitors to copy, if they are based on unique bundles of resources.

Social capital has many potential benefits; however, according to the text, social capital

Start-up ventures often are formed by mobile human capital talent.

Dynamic capabilities include ______ development, alliances, and acquisitions.

IP is characterized by significant development costs and very high marginal costs. It may take a substantial investment to develop a software program, an idea, or a digital music tune.

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

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

The use of communication platforms such as the Cisco Integrated Workforce Experience (IWE) permits companies to push out information where it is needed.

In bridging relationships in social networks, one member is central to the communication flows in a group.

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