Exam 3: Examining the Internal Environment: Resources

What role does the value chain play in a firm's competitive advantage?

Which of the following is not an intangible resource?

Some resources that are sources of value can be abused and become sources of corporate overhead.

What is the performance implication of valuable resources and capabilities?

Tangible resources do not include ________.

Rarity is defined as scarcity relative to demand.

Discuss the risks of outsourcing.

A firm could use an alliance to acquire additional resources and capabilities.

Tradeoff protection requires firms to ________.

Only ________ can be both a resource and a capability.

Primary value-chain activities include human resources, accounting operations, and procurement.

A capability is said to be rare if it enables a firm to fend off threats in its environment.

When a firm reconfigures the value chain, it exercises some tradeoffs. Discuss these tradeoffs.

In the oil industry, resources and capabilities are uniformly developed by all competitors.

SWOT is an acronym for strengths, weaknesses, opportunities and ________.

What are some of the differences between tangible and intangible resources?

The key tasks in the role of management include all but which of the following?

Scarcity relative to demand is called ________.

Core capabilities are common to the principal business operations of the firm.

The criterion of inimitability is satisfied if competitors cannot readily acquire the valuable and rare resource.