Deck 8: Strategies for Achieving Competitive Advantage

Question 1

A successful business model defines an organization's:

A) Economic logic
B) Raison d'etre
C) Purpose
D) Social agenda

Answer 1

A

Question 2

Which of the following is an example of a socially complex resource?

A) Culture
B) Politics
C) Resources
D) Processes

Answer 2

A

Question 3

In a framework analysis of advantage through causal ambiguity, which of the following is a characteristic of advantage?

A) Linkage
B) Association
C) Benefit
D) Interest

Answer 3

A

Question 4

Time compression diseconomy describes advantage through:

A) Unique historical conditions
B) Unique market conditions
C) Unique cultural conditions
D) Unique political conditions

Question 5

No two firms possess identical resources and this is known as:

A) Resource heterogeneity
B) Resource homogeneity
C) Resource heteroscedasticity
D) Resource profiling

Question 6

Which three factors listed are examples of isolating mechanisms that help to sustain competitive advantage?

A) Unique historical conditions
B) Social complexity
C) Causal ambiguity.
D) Unique political configuration
E) Resource complexity

Question 7

Which two of the following are key dynamic capability processes?

A) Reconfiguration
B) Leveraging
C) Bundling
D) Reflecting

Question 8

Patents can offer advantage to competitors by providing the blue prints for a design that gives advantage

Question 9

Core rigidities are value destroying