Exam 4: Internal Analysis: Resources, Capabilities, and Core Competencies

Pulse Mobiles Inc.is a cell phone manufacturing company.Its latest range of smartphones bears a straight resemblance to the Y-series range of smartphones from Talkie Gen Inc., in terms of its shape and look-and-feel.Which of the following strategies has Pulse Mobiles Inc.used to replicate the valuable and rare resource of Talkie Gen Inc.?

During market testing, Elixir Cosmetics (EC)realized that the cosmetics industry was dominated with multiple, well-established brands.These brands mostly sold their products in exclusive outlets and departmental stores.A new entrant like EC would require a different business model to be successful.Thus, EC started selling its products through direct marketing.In this scenario, Elixir Cosmetics accomplished substitution primarily through _____.

How did McDonald's leverage internal strengths in brand name and consistency to minimize the external threat of easy-to-prepare grocery items?

Describe tangible resources.Give a few examples of tangible resources.

Elaborate on the resource-based view of competitive advantage.

If a resource is common:

How can a firm fully exploit the competitive potential of its resources, capabilities, and competencies?

Discuss resource immobility as a critical assumption in the resource-based model of a firm.

How does a firm benefit when its resources are costly to imitate?

Several senior managers recently left Bass Automobile Inc.and went to work at Unicorn Autos Inc., a rival company.What does this imply?

Microsoft's eventual industry dominance is largely credited to the:

Explain how the activities of a firm help in achieving a competitive advantage.

Which of the following statements accurately brings out the difference between tangible and intangible resources?

TrueCandy Inc., a confectionery manufacturing company, lost its competitive advantage when its strategy of placing kiosks at prominent locations throughout the state was followed by most of its competitors.In this scenario, TrueCandy Inc.'s loss of competitive advantage can be primarily attributed to _____.

Define path dependence.

Which of the following is NOT a condition that can help a firm sustain its competitive advantage?

If a resource is rare or unique to a particular firm, then:

Which of the following statements accurately describes a firm's resource stock?

The value chain describes the:

Compare and contrast tangible and intangible resources.