Exam 3: Assessing the Internal Environment of the Firm

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A primary benefit of the balanced scorecard is that it complements financial indicators with operational measures of customer satisfaction,internal processes,and the innovation and improvement activities of the organization.

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Financial analysis provides an accurate way to assess the relative strengths of firms and can be used as a complete guide to study companies.

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Products and services that are difficult to imitate help firms sustain their profitability.

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The ability to hire,motivate,and retain human capital is an example of ________ capabilities in the resource-based view of the firm.

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Campbell Soup uses electronic networks to improve the efficiency of outbound logistics.This is an example of relationships among activities within the firm and with other stakeholders that are part of the company expanded value chain.

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Path dependency has no impact on the inimitability of resources.

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Managers must commit to a ________ use of the balanced scorecard if they expect sustained performance.

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A crash R&D program by one firm cannot replicate a successful technology developed by another firm,when research findings cumulate.This is an example of

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The balanced scorecard enables managers to consider their business from all the following perspectives except

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