Question 1

Inwardly focused firms that base their strategies on leveraging existing resources are well positioned to take advantage of changes in customer preferences.

Accepted Answer

A) True 
 B)False  False

Question 2

Resources that have the potential to give an organization a competitive advantage are

Accepted Answer

A)  expensive, readily transferrable, covered by patents, and developed over time 
B)  single purpose, embedded in organizational routines, easy to copy, short lived 
C)  valuable, rare, difficult to copy, and organized effectively 
D)  codified, sustainable, technical, and sufficient 
A)  expensive, readily transferrable, covered by patents, and developed over time 
B)  single purpose, embedded in organizational routines, easy to copy, short lived 
C)  valuable, rare, difficult to copy, and organized effectively 
D)  codified, sustainable, technical, and sufficient C

Question 3

A resource analysis by resource category considers such elements as the

Accepted Answer

A)  market share, technology, and employee capabilities 
B)  population, social values, and technology 
C)  economy, government regulation, and product life cycle 
D)  break-even point, interest rates, and consumer preferences 
A)  market share, technology, and employee capabilities 
B)  population, social values, and technology 
C)  economy, government regulation, and product life cycle 
D)  break-even point, interest rates, and consumer preferences A

Question 4

The social values of an organization can enhance or undermine the resources of the organization.

Accepted Answer

A) True 
 B)False

Question 5

Qualitative resource requirements are often difficult to predict.

Accepted Answer

A) True 
 B)False

Question 6

Gap-closing initiatives that depend on some form of organization change are riskier than those entailing additional costs.

Accepted Answer

A) True 
 B)False

Question 7

Resources with the potential to provide a sustainable advantage as opposed to a competitive advantage can be

Accepted Answer

A)  modified by the competitor 
B)  upgraded reasonably easily 
C)  purchased in factor markets 
D)  leveraged by the organization 
A)  modified by the competitor 
B)  upgraded reasonably easily 
C)  purchased in factor markets 
D)  leveraged by the organization

Question 8

A strategy based on superior product features will require a careful analysis of the development resources of the organization.

Accepted Answer

A) True 
 B)False

Question 9

The advantage provided by resources that are held by few competitors is

Accepted Answer

A)  enduring 
B)  sustainable 
C)  temporary 
D)  enabling 
A)  enduring 
B)  sustainable 
C)  temporary 
D)  enabling

Question 10

Strategic alliances are sometimes used to complement the capabilities of the organization.

Accepted Answer

A) True 
 B)False

Question 11

A firm's logistics capability is an example of an operational resource.

Accepted Answer

A) True 
 B)False

Question 12

Resources provide an organization with the potential to act.

Accepted Answer

A) True 
 B)False

Question 13

In rapidly changing environments, organizations need resources that can be re-configured relatively easily.

Accepted Answer

A) True 
 B)False

Question 14

An organization's resources can be enhanced or undermined by

Accepted Answer

A)  how rare the resources are 
B)  the organization's product market focus 
C)  the break-even point 
D)  the organization's social values 
A)  how rare the resources are 
B)  the organization's product market focus 
C)  the break-even point 
D)  the organization's social values

Question 15

Strategic proposals with formidable resource gaps should be abandoned.

Accepted Answer

A) True 
 B)False

Question 16

The adequacy of available resources is relative to the

Accepted Answer

A)  size of the organization 
B)  demands of the strategic proposal 
C)  managerial preferences 
D)  number of competitors 
A)  size of the organization 
B)  demands of the strategic proposal 
C)  managerial preferences 
D)  number of competitors

Question 17

Leveraging current resources is an example of horizontal diversification.

Accepted Answer

A) True 
 B)False

Question 18

One of the factors to consider when evaluating the strategy-resource linkage is the feasibility of closing any material gaps.

Accepted Answer

A) True 
 B)False

Question 19

Some of the resources required to execute a strategic proposal include

Accepted Answer

A)  forecasts, budgets, and sales projections 
B)  financial, procedural, and environmental 
C)  operating, management, and equipment 
D)  financial, operating, and marketing 
A)  forecasts, budgets, and sales projections 
B)  financial, procedural, and environmental 
C)  operating, management, and equipment 
D)  financial, operating, and marketing

Question 20

A firm's value chain of activities is sometimes referred to as

Accepted Answer

A)  horizontal integration 
B)  competitive parity 
C)  structural functionality 
D)  vertical integration 
A)  horizontal integration 
B)  competitive parity 
C)  structural functionality 
D)  vertical integration

Inwardly focused firms that base their strategies on leveraging existing resources are well positioned to take advantage of changes in customer preferences.

Resources that have the potential to give an organization a competitive advantage are

A resource analysis by resource category considers such elements as the

The social values of an organization can enhance or undermine the resources of the organization.

Qualitative resource requirements are often difficult to predict.

Gap-closing initiatives that depend on some form of organization change are riskier than those entailing additional costs.

Resources with the potential to provide a sustainable advantage as opposed to a competitive advantage can be

A strategy based on superior product features will require a careful analysis of the development resources of the organization.

The advantage provided by resources that are held by few competitors is

Strategic alliances are sometimes used to complement the capabilities of the organization.

A firm's logistics capability is an example of an operational resource.

Resources provide an organization with the potential to act.

In rapidly changing environments, organizations need resources that can be re-configured relatively easily.

An organization's resources can be enhanced or undermined by

Strategic proposals with formidable resource gaps should be abandoned.

The adequacy of available resources is relative to the

Leveraging current resources is an example of horizontal diversification.

One of the factors to consider when evaluating the strategy-resource linkage is the feasibility of closing any material gaps.

Some of the resources required to execute a strategic proposal include

A firm's value chain of activities is sometimes referred to as

A General Management Perspective

Strategy

The Diamond-E Framework

Tools for Environment Analysis

Environment Analysis

Management Preference Analysis

Strategy and Organization

Strategic Choice

Implementing Strategy

Implementing Strategy

Filters

Exam 6: Resource Analysis

Inwardly focused firms that base their strategies on leveraging existing resources are well positioned to take advantage of changes in customer preferences.

Resources that have the potential to give an organization a competitive advantage are

A resource analysis by resource category considers such elements as the

The social values of an organization can enhance or undermine the resources of the organization.

Qualitative resource requirements are often difficult to predict.

Gap-closing initiatives that depend on some form of organization change are riskier than those entailing additional costs.

Resources with the potential to provide a sustainable advantage as opposed to a competitive advantage can be

A strategy based on superior product features will require a careful analysis of the development resources of the organization.

The advantage provided by resources that are held by few competitors is

Strategic alliances are sometimes used to complement the capabilities of the organization.

A firm's logistics capability is an example of an operational resource.

Resources provide an organization with the potential to act.

In rapidly changing environments, organizations need resources that can be re-configured relatively easily.

An organization's resources can be enhanced or undermined by

Strategic proposals with formidable resource gaps should be abandoned.

The adequacy of available resources is relative to the

Leveraging current resources is an example of horizontal diversification.

One of the factors to consider when evaluating the strategy-resource linkage is the feasibility of closing any material gaps.

Some of the resources required to execute a strategic proposal include

A firm's value chain of activities is sometimes referred to as

A General Management Perspective

Strategy

The Diamond-E Framework

Tools for Environment Analysis

Environment Analysis

Management Preference Analysis

Strategy and Organization

Strategic Choice

Implementing Strategy

Implementing Strategy

Filters