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

When a company has become proficient in modifying,upgrading,or deepening the company's resources and capabilities in response to its changing environment and market opportunities,it is called

A resource-based strategy

Assume a firm is not cost competitive with rivals because of higher supplier-related costs.Identify three strategic moves that it can make to restore cost parity.

Briefly discuss the meaning and significance of each of the following terms: a.SWOT analysis b.company value chain c.industry value chain d.weighted competitive strength assessment e.benchmarking

Determining whether a company's prices and costs are competitive

In conducting a SWOT analysis,is it enough to simply compile lists of the company's strengths,weaknesses,opportunities,and threats? Why or why not?

Benchmarking involves

Which of the following is not an option for remedying a forward channel-related cost disadvantage?

The two most important parts of SWOT analysis are

The difference between a resource and a capability is that

Which one of the following is not a tangible resource?

Describe some ways that a company can improve (1) its supplier-related value chain activities and (2) activities of its forward channel allies.

A company's resources are competitive assets that are owned or controlled by the company and include

A resource-based strategy

Identify the five questions that form the framework of evaluating a company's resources and competitive position. The five questions are provided in Feedback.

Identifying the primary and secondary activities that comprise a company's value chain

Assume a firm is at a cost disadvantage with rivals because its internal costs are higher than those of rivals.Identify several strategic moves that it can make to restore cost parity.

A capability of the firm is not considered to be

Identify five indicators of whether a company's present strategy is working well.

What benefits might management expect to gain from benchmarking the "best practices" of those in other industries?