Question 1

A company's strategic commitments

Accepted Answer

A)  allow it to imitate a competitor's advantage rapidly. 
B)  are a way to avoid failure. 
C)  occur when an organization is profitable. 
D)  reduce inertia. 
E)  allow it to develop a particular set of resources and capabilities. 
A)  allow it to imitate a competitor's advantage rapidly. 
B)  are a way to avoid failure. 
C)  occur when an organization is profitable. 
D)  reduce inertia. 
E)  allow it to develop a particular set of resources and capabilities.

Question 2

All resources are tangible; there is no such thing as intangible resources.

Accepted Answer

A) True 
 B)False

Question 3

A company's competitive advantage is more durable when

Accepted Answer

A)  barriers to imitation are low and there are few capable competitors. 
B)  barriers to imitation are high and there are many capable competitors. 
C)  barriers to imitation are high. 
D)  the industry is stable and there are many capable competitors. 
E)  the industry is stable and barriers to imitation are low. 
A)  barriers to imitation are low and there are few capable competitors. 
B)  barriers to imitation are high and there are many capable competitors. 
C)  barriers to imitation are high. 
D)  the industry is stable and there are many capable competitors. 
E)  the industry is stable and barriers to imitation are low.

Question 4

Explain how tangible and intangible resources and capabilities can lead to distinctive competencies.Give specific examples.

Accepted Answer

A firm's unique resources and capabiliti

Question 5

The Icarus paradox suggests that those factors that led to a company's success will continue in the future becuase the competitors cannot imitate them.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is not true regarding a company's distinctive competencies?

Accepted Answer

A)  They represent the unique strengths of the company. 
B)  They refer to company strengths that competitors cannot easily match or imitate. 
C)  They form the bedrock of a company's strategy. 
D)  They can be based in any of the value creation functions of the company. 
E)  They are shared by many firms in an industry. 
A)  They represent the unique strengths of the company. 
B)  They refer to company strengths that competitors cannot easily match or imitate. 
C)  They form the bedrock of a company's strategy. 
D)  They can be based in any of the value creation functions of the company. 
E)  They are shared by many firms in an industry.

Question 7

According to Rose Marie Bravo of Burberry,creative ideas may come from a number of sources,but not from the accounting department,for good reasons.

Accepted Answer

A) True 
 B)False

Question 8

Kodak possesses the leading imaging technology.This technology has allowed the company to differentiate its products from those offered by rivals.Imaging is Kodak's

Accepted Answer

A)  distinctive competence. 
B)  resource. 
C)  capabilitiy. 
D)  value. 
E)  barrier to imitation. 
A)  distinctive competence. 
B)  resource. 
C)  capabilitiy. 
D)  value. 
E)  barrier to imitation.

Question 9

A company's competitive advantage will not endure for long when that competitive advantage can be

Accepted Answer

A)  quickly or easily duplicated by other companies. 
B)  protected by patents. 
C)  protected by significant barriers to imitation. 
D)  shared with other companies in the industry. 
E)  shielded by copyrights. 
A)  quickly or easily duplicated by other companies. 
B)  protected by patents. 
C)  protected by significant barriers to imitation. 
D)  shared with other companies in the industry. 
E)  shielded by copyrights.

Question 10

At the heart of any company's business model is the combination of congruent strategies aimed at creating distinctive competencies that differentiate its products and result in a lower cost structure.

Accepted Answer

A) True 
 B)False

Question 11

Mike works as a corporate trainer,teaching new employees how to perform manufacturing tasks.Mike works in which value chain activity?

Accepted Answer

A)  Research and development 
B)  Human resources 
C)  Materials management 
D)  Production 
E)  Company infrastructure 
A)  Research and development 
B)  Human resources 
C)  Materials management 
D)  Production 
E)  Company infrastructure

Question 12

Texas Instruments achieved early success through engineering excellence.But thereafter,they became so obsessed with engineering that they lost sight of market realities.This is an example of the Icarus Paradox.

Accepted Answer

A) True 
 B)False

Question 13

When Rollie's car wash began to lose business to rivals,Rollie read publications for car wash owners to learn the best practices in the industry.Then she implemented the best practices.Rollie is using ____ to improve her car wash.

Accepted Answer

A)  specialized assets 
B)  benchmarking 
C)  strategic commitments 
D)  inertia 
E)  the Icarus paradox 
A)  specialized assets 
B)  benchmarking 
C)  strategic commitments 
D)  inertia 
E)  the Icarus paradox

Question 14

The concept of quality applies to

Accepted Answer

A)  all products. 
B)  the products consumers believe to be high-quality products. 
C)  products with a high per-unit cost. 
D)  custom-made products only. 
E)  only those products that have been redesigned. 
A)  all products. 
B)  the products consumers believe to be high-quality products. 
C)  products with a high per-unit cost. 
D)  custom-made products only. 
E)  only those products that have been redesigned.

Question 15

How profitable a company is ultimately depends on

Accepted Answer

A)  management's evaluation of the utility of a product. 
B)  product utility created through advertising. 
C)  the value of the patents the company holds. 
D)  the image of the company's products in the marketplace. 
E)  the value customers place on the company's products. 
A)  management's evaluation of the utility of a product. 
B)  product utility created through advertising. 
C)  the value of the patents the company holds. 
D)  the image of the company's products in the marketplace. 
E)  the value customers place on the company's products.

Question 16

Dale's horseshoeing methods save time and money for his employer,but when Dale suggests that everyone use his method,his boss says,"No.That's not the way we've always done it around here." Dale's employer is suffering from

Accepted Answer

A)  organizational inertia. 
B)  prior strategic commitments. 
C)  barriers to mobility. 
D)  lack of distinctive competencies. 
E)  the Icarus paradox. 
A)  organizational inertia. 
B)  prior strategic commitments. 
C)  barriers to mobility. 
D)  lack of distinctive competencies. 
E)  the Icarus paradox.

Question 17

IBM's investment in mainframe computers is an example of a prior strategic commitment.

Accepted Answer

A) True 
 B)False

Question 18

Evaluate and comment on this statement: "No competitive advantage lasts forever."

Accepted Answer

Students will acknowledge that this stat

Question 19

Which primary activity in the value chain is concerned with the design of products and production processes?

Accepted Answer

A)  Research and development 
B)  Marketing and sales 
C)  Materials management 
D)  Production 
E)  Company infrastructure 
A)  Research and development 
B)  Marketing and sales 
C)  Materials management 
D)  Production 
E)  Company infrastructure

Question 20

Customer responsiveness includes which of the following?

Accepted Answer

A)  Identifying and satisfying customer needs 
B)  Improving the quality of a company's products 
C)  The willingness to customize products for customers 
D)  Superior product design 
E)  All of these 
A)  Identifying and satisfying customer needs 
B)  Improving the quality of a company's products 
C)  The willingness to customize products for customers 
D)  Superior product design 
E)  All of these

A company's strategic commitments

All resources are tangible; there is no such thing as intangible resources.

A company's competitive advantage is more durable when

Explain how tangible and intangible resources and capabilities can lead to distinctive competencies.Give specific examples.

The Icarus paradox suggests that those factors that led to a company's success will continue in the future becuase the competitors cannot imitate them.

Which of the following is not true regarding a company's distinctive competencies?

According to Rose Marie Bravo of Burberry,creative ideas may come from a number of sources,but not from the accounting department,for good reasons.

Kodak possesses the leading imaging technology.This technology has allowed the company to differentiate its products from those offered by rivals.Imaging is Kodak's

A company's competitive advantage will not endure for long when that competitive advantage can be

At the heart of any company's business model is the combination of congruent strategies aimed at creating distinctive competencies that differentiate its products and result in a lower cost structure.

Mike works as a corporate trainer,teaching new employees how to perform manufacturing tasks.Mike works in which value chain activity?

Texas Instruments achieved early success through engineering excellence.But thereafter,they became so obsessed with engineering that they lost sight of market realities.This is an example of the Icarus Paradox.

When Rollie's car wash began to lose business to rivals,Rollie read publications for car wash owners to learn the best practices in the industry.Then she implemented the best practices.Rollie is using ____ to improve her car wash.

The concept of quality applies to

How profitable a company is ultimately depends on

Dale's horseshoeing methods save time and money for his employer,but when Dale suggests that everyone use his method,his boss says,"No.That's not the way we've always done it around here." Dale's employer is suffering from

IBM's investment in mainframe computers is an example of a prior strategic commitment.

Evaluate and comment on this statement: "No competitive advantage lasts forever."

Which primary activity in the value chain is concerned with the design of products and production processes?

Customer responsiveness includes which of the following?

Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage

External Analysis: The Identification of Opportunities and Threats

Building Competitive Advantage Through Functional-Level Strategy

Building Competitive Advantage Through Business-Level Strategy

Business-Level Strategy and the Industry Environment

Strategy and Technology

Strategy in the Global Environment

Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing

Corporate-Level Strategy: Related and Unrelated Diversification

Corporate Performance, Governance, and Business Ethics

Implementing Strategy in Companies That Compete in a Single Industry

Implementing Strategy in Companies That Compete Across Industries and Countries

Filters

Exam 3: Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability

A company's strategic commitments

All resources are tangible; there is no such thing as intangible resources.

A company's competitive advantage is more durable when

Explain how tangible and intangible resources and capabilities can lead to distinctive competencies.Give specific examples.

The Icarus paradox suggests that those factors that led to a company's success will continue in the future becuase the competitors cannot imitate them.

Which of the following is not true regarding a company's distinctive competencies?

According to Rose Marie Bravo of Burberry,creative ideas may come from a number of sources,but not from the accounting department,for good reasons.

Kodak possesses the leading imaging technology.This technology has allowed the company to differentiate its products from those offered by rivals.Imaging is Kodak's

A company's competitive advantage will not endure for long when that competitive advantage can be

At the heart of any company's business model is the combination of congruent strategies aimed at creating distinctive competencies that differentiate its products and result in a lower cost structure.

Mike works as a corporate trainer,teaching new employees how to perform manufacturing tasks.Mike works in which value chain activity?

Texas Instruments achieved early success through engineering excellence.But thereafter,they became so obsessed with engineering that they lost sight of market realities.This is an example of the Icarus Paradox.

When Rollie's car wash began to lose business to rivals,Rollie read publications for car wash owners to learn the best practices in the industry.Then she implemented the best practices.Rollie is using ____ to improve her car wash.

The concept of quality applies to

How profitable a company is ultimately depends on

Dale's horseshoeing methods save time and money for his employer,but when Dale suggests that everyone use his method,his boss says,"No.That's not the way we've always done it around here." Dale's employer is suffering from

IBM's investment in mainframe computers is an example of a prior strategic commitment.

Evaluate and comment on this statement: "No competitive advantage lasts forever."

Which primary activity in the value chain is concerned with the design of products and production processes?

Customer responsiveness includes which of the following?

Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage

External Analysis: The Identification of Opportunities and Threats

Building Competitive Advantage Through Functional-Level Strategy

Building Competitive Advantage Through Business-Level Strategy

Business-Level Strategy and the Industry Environment

Strategy and Technology

Strategy in the Global Environment

Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing

Corporate-Level Strategy: Related and Unrelated Diversification

Corporate Performance, Governance, and Business Ethics

Implementing Strategy in Companies That Compete in a Single Industry

Implementing Strategy in Companies That Compete Across Industries and Countries

Filters