Question 1

In the context of value chain, distinguish primary activities from secondary activities.

Accepted Answer

Primary activities are firm activities t

Question 2

According to the value chain analysis, which of the following is a primary activity?

Accepted Answer

A)  Research and development 
B)  Human resources management 
C)  Accounting and finance 
D)  Marketing and sales 
A)  Research and development 
B)  Human resources management 
C)  Accounting and finance 
D)  Marketing and sales

Question 3

_____ describes a firm's ability to create, deploy, modify, reconfigure, upgrade, or leverage its resources over time in its quest for competitive advantage.

Accepted Answer

A)  Dynamic capability 
B)  Resource immobility 
C)  Resource heterogeneity 
D)  Time compressed diseconomy 
A)  Dynamic capability 
B)  Resource immobility 
C)  Resource heterogeneity 
D)  Time compressed diseconomy

Question 4

An observer may conclude that the organizational culture of Zappos, an online retailer for shoes and clothing, might be the basis for its competitive advantage.However, reverse social engineering to crack Zappos' code of success might be much more difficult for a company trying to exactly imitate its strategy.Thus, the source of Zappos competitive advantage is said to be _____.

Accepted Answer

A)  socially complex 
B)  inexhaustible 
C)  non-substitutable 
D)  non-ambiguous 
A)  socially complex 
B)  inexhaustible 
C)  non-substitutable 
D)  non-ambiguous

Question 5

Trust Machines Inc.is a company that manufactures and markets consumer electronics.The unique microprocessors developed by the company contribute to its high resource immobility.According to the resource-based view of competitive advantage, which of the following is an implication of this situation?

Accepted Answer

A)  The competitive advantage of Trust Machine Inc. will soon be lost. 
B)  The resource heterogeneity of Trust Machine Inc. is low within the industry. 
C)  The resources of Trust Machine Inc. are difficult to replicate or imitate. 
D)  The environment in which Trust Machine Inc. operates is closest to perfect competition. 
A)  The competitive advantage of Trust Machine Inc. will soon be lost. 
B)  The resource heterogeneity of Trust Machine Inc. is low within the industry. 
C)  The resources of Trust Machine Inc. are difficult to replicate or imitate. 
D)  The environment in which Trust Machine Inc. operates is closest to perfect competition.

Question 6

A firm is on the path to competitive advantage only if it possesses a valuable resource that is also rare.What do you infer from this statement?

Accepted Answer

For a resource to be the basis of a comp

Question 7

Which of the following factors is most likely to lead to a loss of competitive advantage for Nike?

Accepted Answer

A)  An inability of the company to create heroes 
B)  A marketing strategy that is completely without risks 
C)  Too many public relations disasters combined with severe shortcomings of some of Nike's heroes 
D)  Too much money spent on celebrity endorsements and too little spent on sponsoring athletes 
A)  An inability of the company to create heroes 
B)  A marketing strategy that is completely without risks 
C)  Too many public relations disasters combined with severe shortcomings of some of Nike's heroes 
D)  Too much money spent on celebrity endorsements and too little spent on sponsoring athletes

In the context of value chain, distinguish primary activities from secondary activities.

According to the value chain analysis, which of the following is a primary activity?

_____ describes a firm's ability to create, deploy, modify, reconfigure, upgrade, or leverage its resources over time in its quest for competitive advantage.

Trust Machines Inc.is a company that manufactures and markets consumer electronics.The unique microprocessors developed by the company contribute to its high resource immobility.According to the resource-based view of competitive advantage, which of the following is an implication of this situation?

A firm is on the path to competitive advantage only if it possesses a valuable resource that is also rare.What do you infer from this statement?

Which of the following factors is most likely to lead to a loss of competitive advantage for Nike?

What Is Strategy

Strategic Leadership: Managing the Strategy Process

External Analysis: Industry Structure, Competitive Forces, and Strategic Groups

Competitive Advantage, Firm Performance, and Business Models

Business Strategy: Differentiation, Cost Leadership, and Blue Oceans

Business Strategy: Innovation, Entrepreneurship, and Platforms

Corporate Strategy: Vertical Integration and Diversification

Corporate Strategy: Strategic Alliances, Mergers and Acquisitions

Global Strategy: Competing Around the World

Organizational Design: Structure, Culture, and Control

Corporate Governance and Business Ethics

Filters

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

In the context of value chain, distinguish primary activities from secondary activities.

According to the value chain analysis, which of the following is a primary activity?

_____ describes a firm's ability to create, deploy, modify, reconfigure, upgrade, or leverage its resources over time in its quest for competitive advantage.

A firm is on the path to competitive advantage only if it possesses a valuable resource that is also rare.What do you infer from this statement?

Which of the following factors is most likely to lead to a loss of competitive advantage for Nike?

What Is Strategy

Strategic Leadership: Managing the Strategy Process

External Analysis: Industry Structure, Competitive Forces, and Strategic Groups

Competitive Advantage, Firm Performance, and Business Models

Business Strategy: Differentiation, Cost Leadership, and Blue Oceans

Business Strategy: Innovation, Entrepreneurship, and Platforms

Corporate Strategy: Vertical Integration and Diversification

Corporate Strategy: Strategic Alliances, Mergers and Acquisitions

Global Strategy: Competing Around the World

Organizational Design: Structure, Culture, and Control

Corporate Governance and Business Ethics

Filters