Exam 3: Examining the Internal Environment: Resources

Intangible resources such as brand equity, reputation, and innovative capability result from policies and strategies that have been implemented over extended periods of time.

(True/False)

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Question 81

According to the VRINE model, what are the two criteria that must be satisfied in order to sustain a competitive advantage?

(Multiple Choice)

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Question 82

Kohl's is able to sell products for higher prices than competitors, or manage a higher priced mix of products. This suggests that one of Kohls' differentiators might be the ability to ________.

(Multiple Choice)

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Question 83

Airline companies struggle with staying competitive amid rising costs. Many airlines have stopped ________ to save money.

(Multiple Choice)

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Question 84

One of IKEA's innovations was to outsource ________ to the end consumer.

(Multiple Choice)

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Question 85

Managerial decision making and external strategic analysis are interdependent.

(True/False)

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Question 86

The cost of available seat miles is not a common measure of costs in the airline industry.

(True/False)

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Question 87

What is the purpose of the VRINE model?

(Essay)

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Question 88

How can firms use value-chain activities to create a competitive advantage?

(Essay)

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Question 89

A process that effective firms employ encourages middle managers to seek out opportunities and run their part of the business as if they owned it. This is known as the ________ process.

(Multiple Choice)

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Question 90

Explain how managers can be both resources and capabilities.

(Short Answer)

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Question 91

It is easier for a(n) firm to imitate a value-chain configuration than a(n) firm.

(Multiple Choice)

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Question 92

Differences in long-term performance between firms in the same industry primarily come from different internal sources of competitive advantage.

(True/False)

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Question 93

Valuable and rare resources can provide competitive advantage only as long as they are ________.

(Multiple Choice)

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Question 94

What is causal ambiguity?

(Essay)

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Question 95

Examples of differentiated resources include managerial judgment, trade secrets, and brand equity.

(True/False)

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Question 96

The entrepreneurial process encourages middle managers to be externally oriented.

(True/False)

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Question 97

Which of the following is not part of the VRINE model?

(Multiple Choice)

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Question 98

Land is an example of a resource that could be both tangible and intangible.

(True/False)

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Question 99

Property rights are the most clear-cut example of resources and capabilities that are difficult to imitate.

(True/False)

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Question 100

Showing 81 - 100 of 191

Intangible resources such as brand equity, reputation, and innovative capability result from policies and strategies that have been implemented over extended periods of time.

According to the VRINE model, what are the two criteria that must be satisfied in order to sustain a competitive advantage?

Kohl's is able to sell products for higher prices than competitors, or manage a higher priced mix of products. This suggests that one of Kohls' differentiators might be the ability to ________.

Airline companies struggle with staying competitive amid rising costs. Many airlines have stopped ________ to save money.

One of IKEA's innovations was to outsource ________ to the end consumer.

Managerial decision making and external strategic analysis are interdependent.

The cost of available seat miles is not a common measure of costs in the airline industry.

What is the purpose of the VRINE model?

How can firms use value-chain activities to create a competitive advantage?

A process that effective firms employ encourages middle managers to seek out opportunities and run their part of the business as if they owned it. This is known as the ________ process.

Explain how managers can be both resources and capabilities.

It is easier for a(n) firm to imitate a value-chain configuration than a(n) firm.

Differences in long-term performance between firms in the same industry primarily come from different internal sources of competitive advantage.

Valuable and rare resources can provide competitive advantage only as long as they are ________.

What is causal ambiguity?

Examples of differentiated resources include managerial judgment, trade secrets, and brand equity.

The entrepreneurial process encourages middle managers to be externally oriented.

Which of the following is not part of the VRINE model?

Land is an example of a resource that could be both tangible and intangible.

Property rights are the most clear-cut example of resources and capabilities that are difficult to imitate.

Introducing Strategic Management

Leading Strategically Through Effective Vision and Mission

Exploring the External Environment: Macro Industry and Dynamics

Creating Business Strategies

Crafting Business Strategy of Dynamic Contexts

Developing Corporate Strategy

Looking at International Strategies

Understanding Alliances and Cooperative Strategies

Studying Merges and Acquisitions

Organizational Structure, Systems, and Processes

Considering New Ventures and Corporate Renewal

Corporate Governance in the Twenty-First Century

Filters

Exam 3: Examining the Internal Environment: Resources

Intangible resources such as brand equity, reputation, and innovative capability result from policies and strategies that have been implemented over extended periods of time.

According to the VRINE model, what are the two criteria that must be satisfied in order to sustain a competitive advantage?

Kohl's is able to sell products for higher prices than competitors, or manage a higher priced mix of products. This suggests that one of Kohls' differentiators might be the ability to ________.

Airline companies struggle with staying competitive amid rising costs. Many airlines have stopped ________ to save money.

One of IKEA's innovations was to outsource ________ to the end consumer.

Managerial decision making and external strategic analysis are interdependent.

The cost of available seat miles is not a common measure of costs in the airline industry.

What is the purpose of the VRINE model?

How can firms use value-chain activities to create a competitive advantage?

A process that effective firms employ encourages middle managers to seek out opportunities and run their part of the business as if they owned it. This is known as the ________ process.

Explain how managers can be both resources and capabilities.

It is easier for a(n) ________ firm to imitate a value-chain configuration than a(n) ________ firm.

Differences in long-term performance between firms in the same industry primarily come from different internal sources of competitive advantage.

Valuable and rare resources can provide competitive advantage only as long as they are ________.

What is causal ambiguity?

Examples of differentiated resources include managerial judgment, trade secrets, and brand equity.

The entrepreneurial process encourages middle managers to be externally oriented.

Which of the following is not part of the VRINE model?

Land is an example of a resource that could be both tangible and intangible.

Property rights are the most clear-cut example of resources and capabilities that are difficult to imitate.

Introducing Strategic Management

Leading Strategically Through Effective Vision and Mission

Exploring the External Environment: Macro Industry and Dynamics

Creating Business Strategies

Crafting Business Strategy of Dynamic Contexts

Developing Corporate Strategy

Looking at International Strategies

Understanding Alliances and Cooperative Strategies

Studying Merges and Acquisitions

Organizational Structure, Systems, and Processes

Considering New Ventures and Corporate Renewal

Corporate Governance in the Twenty-First Century

Filters

It is easier for a(n) firm to imitate a value-chain configuration than a(n) firm.