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Exam 4: Internal Analysis: Resources, Capabilities, and Core Competencies

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Question 41

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How can a firm fully exploit the competitive potential of its resources, capabilities, and competencies?

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The final criterion of whether a rare, v...

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Question 42

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Which of the following statements accurately describes a firm's resource stock?

A) Resource stocks are a firm's level of resources that are common to competitors.
B) Resource stocks are a firm's future estimate of both tangible and intangible resources.
C) Resource stocks are a firm's current level of intangible resources.
D) Resource stocks are a firm's level of investments to maintain or build a resource.

E) None of the above
F) B) and C)

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Question 43

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Organizational and managerial skills that find their expression in a company's structure, routines, and culture are referred to as

In the context of SWOT analysis, which of the following best exemplifies a firm's internal weakness?

Facing stiff competition in the e-reader market, Sumac Industries wants to protect its competitive advantage by increasing the perceived value of its reader. Sumac's best strategy to accomplish this would be to

When the laptop market overtook the desktop market, Blue Tech Inc., a leader in desktop technology, was left at a competitive disadvantage. Later, Blue Tech Inc.'s management channeled all of the company's efforts and revenue to develop an efficient laptop from scratch in less than a year. However, the company failed because Blue Tech Inc.'s models were inferior to the third- and fourth-generation models its competitors were selling. In this scenario, Blue Tech Inc.'s failure can be best attributed to

The "Natural Nourishment" granola bars manufactured by Global Good Foods have been the top-selling granola bars in the market. Though the market for granola bars is flooded with competitors, Global Good has been able to maintain its market position for a long time. This is mainly attributed to the pleasant texture of its granola, which comes from a proprietary processing technique used by the company. This competency of Global Good Foods will be considered as a(n) ________ resource in the VRIO framework.

Which of the following is an implication of high employee turnover in a company?

One of Rolex's tangible resources is its well-known brand name and reputation for quality timepieces.

Describe the core competencies of any three successful companies in today's business environment.

Competitors have found it extremely difficult to imitate Gene Electronics Inc.'s valuable resources, capabilities, or competencies. This is primarily because the source for the company's success has been unclear. The competitors are uncertain if Gene Electronics Inc.'s success is due to its strong leadership, the skills of its research and development team, or the timing of the company' s product introductions. Gene Electronics Inc. has been protected from losing its competitive advantage as a result of

High demand for online video streaming options is one of Netflix's core competencies.

Discuss resource immobility as a critical assumption in the resource-based model of a firm.

As manager of a relatively new company, you are tasked with analyzing company resources to identify core competencies capable of supporting a competitive advantage. Which of the following resources is most likely to generate a competitive advantage?

Cloud Cones is a fast-growing chain of ice cream shops. It has acquired an edge over its competitors through its ability to provide a wide array of unique flavors and a hip atmosphere in stores. This advantage of Cloud Cones best exemplifies a

Which of the following is a drawback of the SWOT analysis?

Juanita, a manager at a multinational organization, is trying to carefully scan and link the firm's internal environment to its external environment. The insights from this analysis will allow her to effectively leverage the company's internal strengths to exploit external opportunities, while mitigating internal weaknesses and external threats. In this scenario, which of the following managerial tools is Juanita employing?

Elaborate on the drawback of SWOT analysis with the help of an example.

Provide an example of how dynamic capabilities can benefit firms.

Amazon's tendency to reinvest a large share of its profits into new services and capabilities exemplifies a low level of resource flows.