Question 1

SWOT analysis is a simple but powerful tool for:

Accepted Answer

A)  gauging whether a company has a cost-competitive value chain. 
B)  sizing up a company's resources and capabilities, strengths and deficiencies, its market opportunities, and the external threats to its future well-being. 
C)  evaluating whether a company is in the most appropriate strategic group. 
D)  determining a company's competitive strength vis-à-vis close rivals. 
E)  identifying the market segments in which a company is strongly positioned and weakly positioned. 
A)  gauging whether a company has a cost-competitive value chain. 
B)  sizing up a company's resources and capabilities, strengths and deficiencies, its market opportunities, and the external threats to its future well-being. 
C)  evaluating whether a company is in the most appropriate strategic group. 
D)  determining a company's competitive strength vis-à-vis close rivals. 
E)  identifying the market segments in which a company is strongly positioned and weakly positioned.

Question 2

For a particular company resource/capability to have real competitive power and perhaps qualify as a basis for competitive advantage,it should:

Accepted Answer

A)  be hard to copy, be rare and something rivals lack, be competitively valuable, and not be easily trumped by substitute resource strengths possessed by rivals. 
B)  be something that a company does internally rather than in collaborative arrangements with outsiders. 
C)  be patentable. 
D)  bean industry key success factor and occupy a prime position in the company's value chain. 
E)  have the potential for lowering the firm's unit costs. 
A)  be hard to copy, be rare and something rivals lack, be competitively valuable, and not be easily trumped by substitute resource strengths possessed by rivals. 
B)  be something that a company does internally rather than in collaborative arrangements with outsiders. 
C)  be patentable. 
D)  bean industry key success factor and occupy a prime position in the company's value chain. 
E)  have the potential for lowering the firm's unit costs.

Question 3

While listening or categorizing company resources,what matters is that:

Accepted Answer

A)  all tangible resources are categorized correctly. 
B)  important resources are reported against strategically subjective activities. 
C)  resources are prioritized in terms of value propositions. 
D)  strategically placed resources are manageable. 
E)  all the different types of resources are included in the inventory. 
A)  all tangible resources are categorized correctly. 
B)  important resources are reported against strategically subjective activities. 
C)  resources are prioritized in terms of value propositions. 
D)  strategically placed resources are manageable. 
E)  all the different types of resources are included in the inventory.

Question 4

The options for remedying a supplier-related cost disadvantage include:

Accepted Answer

A)  pressuring suppliers for more favorable prices, switching to lower-priced substitute inputs, and collaborating closely to identify mutual cost-saving opportunities. 
B)  instituting forward vertical integration. 
C)  shifting into the production of substitute products. 
D)  shifting from a low-cost leadership strategy to a differentiation or focus strategy. 
E)  cutting selling prices and trying to win a bigger market share. 
A)  pressuring suppliers for more favorable prices, switching to lower-priced substitute inputs, and collaborating closely to identify mutual cost-saving opportunities. 
B)  instituting forward vertical integration. 
C)  shifting into the production of substitute products. 
D)  shifting from a low-cost leadership strategy to a differentiation or focus strategy. 
E)  cutting selling prices and trying to win a bigger market share.

Question 5

Draw a typical company value chain and briefly explain why the proficiency with which a firm performs the activities comprising its value chain matters.

Accepted Answer

A representative company value chain has

Question 6

A company that has competitive assets that are central to its company strategy and superior to those of rival firms creates a:

Accepted Answer

A)  long-term derivative strategy. 
B)  cash flow feasibility analysis. 
C)  competitive advantage over other companies. 
D)  resource deployment strategic plan. 
E)  cost underestimation and benefit overestimation. 
A)  long-term derivative strategy. 
B)  cash flow feasibility analysis. 
C)  competitive advantage over other companies. 
D)  resource deployment strategic plan. 
E)  cost underestimation and benefit overestimation.

Question 7

Which of the following is NOT an example of a company's dynamic capability?

Accepted Answer

A)  A capacity to improve existing resources and capabilities 
B)  Upgrades to R&D resources to drive product innovation 
C)  A capacity to add new resources and capabilities to the competitive asset portfolio 
D)  An ability to replace degraded resources with acquired capabilities 
E)  An ability to keep antiquated resources by disregarding innovative capabilities 
A)  A capacity to improve existing resources and capabilities 
B)  Upgrades to R&D resources to drive product innovation 
C)  A capacity to add new resources and capabilities to the competitive asset portfolio 
D)  An ability to replace degraded resources with acquired capabilities 
E)  An ability to keep antiquated resources by disregarding innovative capabilities

Question 8

What two factors inhibit the ability of rivals to imitate a firm's most valuable resources and capabilities?

Accepted Answer

A)  Social ambiguity and causal uncertainty 
B)  Social simplicity and causal complexity 
C)  Collective complexity and causal ambiguity 
D)  Social complexity and causal ambiguity 
E)  Social simplicity and causal uncertainty 
A)  Social ambiguity and causal uncertainty 
B)  Social simplicity and causal complexity 
C)  Collective complexity and causal ambiguity 
D)  Social complexity and causal ambiguity 
E)  Social simplicity and causal uncertainty

Question 9

The external market opportunities which are MOST relevant to a company are the ones that:

Accepted Answer

A)  can increase market share. 
B)  are reinforced by the overall business strategy and reflect the business model. 
C)  match up well with the firm's competitive assets, offer the best prospects for growth and profitability, and present the most potential for competitive advantage. 
D)  qualify to correct its internal weaknesses and resource deficiencies. 
E)  are relevant for defending against the external threats to its well-being. 
A)  can increase market share. 
B)  are reinforced by the overall business strategy and reflect the business model. 
C)  match up well with the firm's competitive assets, offer the best prospects for growth and profitability, and present the most potential for competitive advantage. 
D)  qualify to correct its internal weaknesses and resource deficiencies. 
E)  are relevant for defending against the external threats to its well-being.

Question 10

What are the four tests that should be used to measure the competitive power of a company's resource strengths?

Accepted Answer

The VRIN tests for sustainable competiti

Question 11

The best quantitative evidence of whether a company's present strategy is working well is:

Accepted Answer

A)  whether the company has more competitive assets than it does competitive liabilities. 
B)  whether the company is in the industry's best strategic group. 
C)  the caliber of results the strategy is producing, specifically whether the company is achieving its financial and strategic objectives and whether it is an above-average industry performer. 
D)  whether the company has a shorter value chain than close rivals. 
E)  whether the company is in the Fortune 500. 
A)  whether the company has more competitive assets than it does competitive liabilities. 
B)  whether the company is in the industry's best strategic group. 
C)  the caliber of results the strategy is producing, specifically whether the company is achieving its financial and strategic objectives and whether it is an above-average industry performer. 
D)  whether the company has a shorter value chain than close rivals. 
E)  whether the company is in the Fortune 500.

SWOT analysis is a simple but powerful tool for:

For a particular company resource/capability to have real competitive power and perhaps qualify as a basis for competitive advantage,it should:

While listening or categorizing company resources,what matters is that:

The options for remedying a supplier-related cost disadvantage include:

Draw a typical company value chain and briefly explain why the proficiency with which a firm performs the activities comprising its value chain matters.

A company that has competitive assets that are central to its company strategy and superior to those of rival firms creates a:

Which of the following is NOT an example of a company's dynamic capability?

What two factors inhibit the ability of rivals to imitate a firm's most valuable resources and capabilities?

The external market opportunities which are MOST relevant to a company are the ones that:

What are the four tests that should be used to measure the competitive power of a company's resource strengths?

The best quantitative evidence of whether a company's present strategy is working well is:

What Is Strategy and Why Is It Important

Charting a Companys Direction: Its Vision, Mission, Objectives, Andstrategy

Evaluating a Companys External Environment

The Five Generic Competitive Strategies

Strengthening a Companys Competitive Position

Strategies for Competing in International Markets

Corporate Strategy

Ethics, Corporate Social Responsibility, Environmental-Sustainability, and Strategy

Building an Organization Capable of Good Strategy Execution

Managing Internal Operations

Corporate Culture and Leadership

Filters

Exam 4: Evaluating a Companys Resources, Capabilities,and Competitiveness

SWOT analysis is a simple but powerful tool for:

For a particular company resource/capability to have real competitive power and perhaps qualify as a basis for competitive advantage,it should:

While listening or categorizing company resources,what matters is that:

The options for remedying a supplier-related cost disadvantage include:

Draw a typical company value chain and briefly explain why the proficiency with which a firm performs the activities comprising its value chain matters.

A company that has competitive assets that are central to its company strategy and superior to those of rival firms creates a:

Which of the following is NOT an example of a company's dynamic capability?

What two factors inhibit the ability of rivals to imitate a firm's most valuable resources and capabilities?

The external market opportunities which are MOST relevant to a company are the ones that:

What are the four tests that should be used to measure the competitive power of a company's resource strengths?

The best quantitative evidence of whether a company's present strategy is working well is:

What Is Strategy and Why Is It Important

Charting a Companys Direction: Its Vision, Mission, Objectives, Andstrategy

Evaluating a Companys External Environment

The Five Generic Competitive Strategies

Strengthening a Companys Competitive Position

Strategies for Competing in International Markets

Corporate Strategy

Ethics, Corporate Social Responsibility, Environmental-Sustainability, and Strategy

Building an Organization Capable of Good Strategy Execution

Managing Internal Operations

Corporate Culture and Leadership

Filters