Deck 6: Competencies and Tactics to Support Strategies

Question 1

A firm's capacity to deploy resources for a desired result is called

A)Return on Capital Employed
B)Meta-routines
C)Organizational Capability
D)Core Competencies

Answer 1

C

Question 2

Tactics focusing on environmental sustainability:

A)Offer unique products to consumers.
B)Decrease waste across the value chain.
C)Both A and B.
D)Neither A and B.

Answer 2

D

Question 3

Blue Oceans are distinct because:

A)Companies try to outperform previous goals.
B)They require demand creation.
C)Highly competitive and mature.
D)None of the above.

Answer 3

B

Question 4

All of the following are true except:

A)Entry involves new firms entering new markets only.
B)Conditions that encourage market entry also foster exit.
C)Most entrants do not survive past 10 years in an industry.
D)Entry/Exit decisions based partially on costs and competitors.

Question 5

To truly contribute to a firm's sustainable competitive advantage, resources must be:

A)Rare
B)Valuable
C)Inimitable
D)All of the above

Question 6

Meta-routines serve the purpose of:

A)Development, Organization, Evaluation
B)Assessment, Maintenance and Development
C)Evaluation, Capabilities, Organization
D)Maintenance, Assessment, Capabilities

Question 7

Based on the chapter, the framework for predicting competitor behavior includes all of the following except:

A)Identifying competitor's current strategy.
B)Identifying competitor's resources and capabilities.
C)Analyzing competitor's quarterly financial performance.
D)Clarifying the competitor's assumptions about the market.

Question 8

Service economies are focused on:

A)Material cycles
B)Scale economies
C)Cradle-to-cradle
D)Biomimicry

Question 9

Resources and capabilities can be evaluated on their ___________ and ____________:

A)Quality and Sustainability
B)Strength and Importance
C)Sustainability and Importance
D)Strength and Quality

Question 10

Routines and capabilities are transferred through:

A)Meta-routines
B)Mergers and Alliances
C)Culture and Communication
D)Entering new markets