Question 1

Organizational culture can be described as an intangible resource.

Accepted Answer

A) True 
 B)False

Question 2

Kay (1993:69) stated '________________ does not create extraordinary organizations by collecting extraordinary people. It does so by enabling very ordinary people to perform in extraordinary ways'.

Accepted Answer

The answer of Kay (1993:69) stated '________________ does not create...

Question 3

For a distinctive capability to be ____________ it needs to primarily benefit the organization which holds the capability, rather than its employees, its customers, or its competitors.

Accepted Answer

The answer of For a distinctive capability to be ____________...

Question 4

Distinction between dynamic and operational capabilities is actually difficult to define for reasons such as: please select all that apply.

Accepted Answer

A)  There are different definitions. 
B)  Change is always occurring to some extent. 
C)  Radical versus non-radical change. 
D)  Some capabilities can be used for only dynamic purposes.

Question 5

In a turbulent environment, firms have to survive and grow by:

Accepted Answer

A)  Developing dynamic capabilities. 
B)  Adapting to changes. 
C)  Grasping opportunities. 
D)  Integrating internal and external competencies.

Question 6

Dynamic capabilities are:

Accepted Answer

A)  Different from organizational routines. 
B)  Different from operational capabilities. 
C)  Concerned with change and enable a firm to extend or modify how it currently makes a living. 
D)  To allow an organization to undertake acquisitions and strategic alliances.

Question 7

A methodological problem inherent in trying to add weight to the resource-based view of the firm is that many resources are tacit and intangible and therefore cannot be easily ______________.

Accepted Answer

The answer of A methodological problem inherent in trying to...

Question 8

Reputation could be a source of distinctive capability in markets:

Accepted Answer

A)  Where consumers can only ascertain the quality of a product from their long-term experience. 
B)  Where the reputation is built up through reliable relationships, which take time to nurture and develop. 
C)  Where innovation is the main drive for sustainability. 
D)  Where repeat purchases are more likely to happen.

Question 9

The most difficult type of knowledge to transfer is:

Accepted Answer

A)  Codified knowledge 
B)  Explicit knowledge 
C)  Tacit knowledge 
D)  Technical knowledge

Question 10

Sidney Winter argues that the value of dynamic capabilities is endorsed by all strategy scholars.

Accepted Answer

A) True 
 B)False

Question 11

An organization's ability to innovate successfully is also a source of distinctive capability for sustainability

Accepted Answer

A) True 
 B)False

Exam 5: The Internal Environment: a Resource-Based View of Strategy

Organizational culture can be described as an intangible resource.

Kay (1993:69) stated '________________ does not create extraordinary organizations by collecting extraordinary people. It does so by enabling very ordinary people to perform in extraordinary ways'.

For a distinctive capability to be ____________ it needs to primarily benefit the organization which holds the capability, rather than its employees, its customers, or its competitors.

Distinction between dynamic and operational capabilities is actually difficult to define for reasons such as: please select all that apply.

In a turbulent environment, firms have to survive and grow by:

Dynamic capabilities are:

A methodological problem inherent in trying to add weight to the resource-based view of the firm is that many resources are tacit and intangible and therefore cannot be easily ______________.

Reputation could be a source of distinctive capability in markets:

The most difficult type of knowledge to transfer is:

Sidney Winter argues that the value of dynamic capabilities is endorsed by all strategy scholars.

An organization's ability to innovate successfully is also a source of distinctive capability for sustainability