Exam 3: Examining the Internal Environment: Resources

Causal ambiguity is a condition where a resource is considered valuable and rare because it is difficult to identify and understand.

A certain firm's resources and capabilities are valuable, rare, and difficult to imitate. However, the firm is performing worse than its competitors. The ________ dimension could be the problem.

Middle managers can help their firms either avoid inertia or slow change. This is accomplished by performing their role of ________.

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

Three of the listed criteria appear to be common among successful outsourcing arrangements. Which is not common?

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

Nike outsources manufacturing so that it can focus on product development, logistics, brand management and ________.

Only ________ can be both a resource and a capability.

If you multiply a firm's equity multiplier by its return on assets (ROA), you arrive at the firm's return on ________.

Choices about value-chain arenas, in conjunction with differentiators, solidify internal sources of competitive advantage.

Something that a firm can do that competitors cannot do is called a ________.

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

Rebundling resources and capabilities can be accomplished through alliances and acquisitions.

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

Core competencies are capabilities that set a firm apart from other firms.

Resources may be both tangible and intangible at the same time.

What are the five components of the VRINE model?

A firm's stock of resources and capabilities is what a firm possesses at any given time.

Perspectives on competitive advantage include all but which of the following?

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.