Exam 3: Examining the Internal Environment: Resources

How can owning resources that don't meet VRINE criteria actually put a firm at a competitive disadvantage?

The ability to adapt to change or to initiate it is most important in industries where ________.

The most effective firms around the globe view their organizations as portfolios of processes. These processes include entrepreneurial, capability-building, and ________.

Value-chain management forces firms to handle all value-chain activities internally.

Tangible resources offer the best opportunity for competitive advantage.

The resources and capabilities that a firm possesses are called their ________.

The resource-based inputs into the strategy process are opportunities and threats.

The value of a firm's portfolio of resources and capabilities is directly affected by ________.

A firm's skills in using its resources to create goods and services are its ________.

The three major inputs into an organizational strategy are resources, capabilities, and ________.

Use the VRINE model to analyze drug patents.

It is relatively easy for an established competitor to imitate the successful value chain of a leading competitor.

The terms Competences and capabilities are interchangeable.

Explain the concepts of inimitability and nonsubstitutability.

Which of the following is not a primary activity on the value chain?

Brand equity can be purchased without buying an existing brand from another company.

Disney's successful launch of its "Princess Line" is representative of a ________.

_____ are inputs that firms use to create goods or services.

Southwest Airline's use of only one type of jet gives it all but which of the following?

All of a firm's capabilities contribute equally to its competitive advantage.