Question 1

Which group of stakeholders plays an important role in governing the behavior of top managers?

Accepted Answer

A) Managers 
B) Employees 
C) Board of directors 
D) Unions 
E) Customers 
A) Managers 
B) Employees 
C) Board of directors 
D) Unions 
E) Customers C

Question 2

Which of the following is most likely to be a source of sustainable competitive advantage?

Accepted Answer

A) A state-of-the art machine that a firm purchases from a supplier 
B) A new product 
C) A research and development process 
D) A plant design 
E) A new service 
A) A state-of-the art machine that a firm purchases from a supplier 
B) A new product 
C) A research and development process 
D) A plant design 
E) A new service C

Question 3

Organizational learning involves:

Accepted Answer

A) Knowledge retention 
B) Knowledge utilization 
C) Knowledge sharing 
D) Knowledge creation 
E) All of the above 
A) Knowledge retention 
B) Knowledge utilization 
C) Knowledge sharing 
D) Knowledge creation 
E) All of the above E

Question 4

Basic activities of the value chain include all of the following except:

Accepted Answer

A) Supply chain management 
B) Strategic planning processes 
C) Marketing management 
D) Management of post-transaction contacts 
E) Internal operations management 
A) Supply chain management 
B) Strategic planning processes 
C) Marketing management 
D) Management of post-transaction contacts 
E) Internal operations management

Question 5

Stakeholder-based performance measures reflect more of the total value a firm creates.

Accepted Answer

A) True 
 B)False

Question 6

What does organizational learning involve? If a firm is involved in multiple countries,how is organizational learning affected?

Accepted Answer

Organizational learning involves (1)know

Question 7

What is the difference between a tangible and an intangible resource? Give an example of each? Which of these types of resources is most likely to lead to competitive advantage? Why?

Accepted Answer

Resources fall into the general categori

Question 8

Which of the following is least likely to be a source of sustainable competitive advantage?

Accepted Answer

A) A unique and valuable relationship with an important stakeholder 
B) A computer program 
C) An organization's culture 
D) An organization's reputation 
E) A well-known and respected brand 
A) A unique and valuable relationship with an important stakeholder 
B) A computer program 
C) An organization's culture 
D) An organization's reputation 
E) A well-known and respected brand

Question 9

What are the essential characteristics of a resource or capability that leads to a sustainable competitive advantage? Please explain.

Accepted Answer

In general,resources and capabilities be

Question 10

A resource or capability that has led to sustainable competitive advantage for a firm has the following characteristic(s):

Accepted Answer

A) It is hard to imitate 
B) Managers are aware of and taking advantage of the potential of the resource or capability 
C) It is unique 
D) It is valuable 
E) All of the above 
A) It is hard to imitate 
B) Managers are aware of and taking advantage of the potential of the resource or capability 
C) It is unique 
D) It is valuable 
E) All of the above

Question 11

A firm with weak knowledge and learning resources is at risk that its financial resources will also become weak.

Accepted Answer

A) True 
 B)False

Question 12

Which ratio measures a firm's leverage?

Accepted Answer

A) Debt-to-equity 
B) Current 
C) Return-on-assets 
D) Asset turnover 
E) None of these 
A) Debt-to-equity 
B) Current 
C) Return-on-assets 
D) Asset turnover 
E) None of these

Question 13

If an organizational capability or resource is valuable and unique,but it is easy to imitate:

Accepted Answer

A) It cannot be a source of competitive advantage 
B) It is likely to lead to a sustainable competitive advantage 
C) It is a core competency or capability 
D) It can be a source of competitive advantage for a period of time 
E) None of these is correct 
A) It cannot be a source of competitive advantage 
B) It is likely to lead to a sustainable competitive advantage 
C) It is a core competency or capability 
D) It can be a source of competitive advantage for a period of time 
E) None of these is correct

Question 14

Firm performance has traditionally been measured in purely financial terms such as shareholder returns.What are some of the weaknesses associated with this approach?

Accepted Answer

A) They are hard to calculate 
B) They encourage executives to focus on short-term profits 
C) They reflect only current performance,with no expectations about the future 
D) There is no link between the measures and the capital provided to the firm 
E) None of these 
A) They are hard to calculate 
B) They encourage executives to focus on short-term profits 
C) They reflect only current performance,with no expectations about the future 
D) There is no link between the measures and the capital provided to the firm 
E) None of these

Question 15

Board members can play important strategic roles in organizations such as providing advice to managers with regard to strategies and strategic direction.

Accepted Answer

A) True 
 B)False

Question 16

A realized competitive advantage becomes sustainable when:

Accepted Answer

A) It is unique,valuable,and based on strong financial resources 
B) It involves all of the functional areas of the organization 
C) It is based on physical assets rather than knowledge 
D) It is based on a resource or capability that is difficult to imitate by competitors and there is no readily available substitute 
E) It is based on the quality of the organization's products and services 
A) It is unique,valuable,and based on strong financial resources 
B) It involves all of the functional areas of the organization 
C) It is based on physical assets rather than knowledge 
D) It is based on a resource or capability that is difficult to imitate by competitors and there is no readily available substitute 
E) It is based on the quality of the organization's products and services

Question 17

If an organization possesses a valuable and unique resource,it is always a source of competitive advantage.

Accepted Answer

A) True 
 B)False

Question 18

Tacit knowledge can be communicated with precision through written means.

Accepted Answer

A) True 
 B)False

Question 19

All of the following resources and capabilities fall within the category of general organizational resources except:

Accepted Answer

A) A strong balance sheet 
B) Organizational structure 
C) Organizational culture 
D) Unique stakeholder relationships 
E) A brand name 
A) A strong balance sheet 
B) Organizational structure 
C) Organizational culture 
D) Unique stakeholder relationships 
E) A brand name

Question 20

Please describe value chain analysis and how it can be used to help firms develop competitive advantages.

Accepted Answer

Value chain analysis divides organizatio

Which group of stakeholders plays an important role in governing the behavior of top managers?

Which of the following is most likely to be a source of sustainable competitive advantage?

Organizational learning involves:

Basic activities of the value chain include all of the following except:

Stakeholder-based performance measures reflect more of the total value a firm creates.

What does organizational learning involve? If a firm is involved in multiple countries,how is organizational learning affected?

What is the difference between a tangible and an intangible resource? Give an example of each? Which of these types of resources is most likely to lead to competitive advantage? Why?

Which of the following is least likely to be a source of sustainable competitive advantage?

What are the essential characteristics of a resource or capability that leads to a sustainable competitive advantage? Please explain.

A resource or capability that has led to sustainable competitive advantage for a firm has the following characteristic(s):

A firm with weak knowledge and learning resources is at risk that its financial resources will also become weak.

Which ratio measures a firm's leverage?

If an organizational capability or resource is valuable and unique,but it is easy to imitate:

Firm performance has traditionally been measured in purely financial terms such as shareholder returns.What are some of the weaknesses associated with this approach?

Board members can play important strategic roles in organizations such as providing advice to managers with regard to strategies and strategic direction.

A realized competitive advantage becomes sustainable when:

If an organization possesses a valuable and unique resource,it is always a source of competitive advantage.

Tacit knowledge can be communicated with precision through written means.

All of the following resources and capabilities fall within the category of general organizational resources except:

Please describe value chain analysis and how it can be used to help firms develop competitive advantages.

The Strategic Management Process

The External Environment

Strategic Leadership and Strategic Direction

Business-Level Strategies

Corporate Strategies

Strategy Implementation

Strategic Control and Restructuring

Filters

Exam 3: Organizational Resources and Competitive Advantage

Which group of stakeholders plays an important role in governing the behavior of top managers?

Which of the following is most likely to be a source of sustainable competitive advantage?

Organizational learning involves:

Basic activities of the value chain include all of the following except:

Stakeholder-based performance measures reflect more of the total value a firm creates.

What does organizational learning involve? If a firm is involved in multiple countries,how is organizational learning affected?

What is the difference between a tangible and an intangible resource? Give an example of each? Which of these types of resources is most likely to lead to competitive advantage? Why?

Which of the following is least likely to be a source of sustainable competitive advantage?

What are the essential characteristics of a resource or capability that leads to a sustainable competitive advantage? Please explain.

A resource or capability that has led to sustainable competitive advantage for a firm has the following characteristic(s):

A firm with weak knowledge and learning resources is at risk that its financial resources will also become weak.

Which ratio measures a firm's leverage?

If an organizational capability or resource is valuable and unique,but it is easy to imitate:

Firm performance has traditionally been measured in purely financial terms such as shareholder returns.What are some of the weaknesses associated with this approach?

Board members can play important strategic roles in organizations such as providing advice to managers with regard to strategies and strategic direction.

A realized competitive advantage becomes sustainable when:

If an organization possesses a valuable and unique resource,it is always a source of competitive advantage.

Tacit knowledge can be communicated with precision through written means.

All of the following resources and capabilities fall within the category of general organizational resources except:

Please describe value chain analysis and how it can be used to help firms develop competitive advantages.

The Strategic Management Process

The External Environment

Strategic Leadership and Strategic Direction

Business-Level Strategies

Corporate Strategies

Strategy Implementation

Strategic Control and Restructuring

Filters