The Internal Organization: Resources, Capabilities, Core Competencies, And Competitive Advantages

This question bank verified by Studydeets

Questions Bank

Strategic Management and Strategic Competitiveness
The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis
The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages
Business-Level Strategy
Competitive Rivalry and Competitive Dynamics
Corporate-Level Strategy
Merger and Acquisition Strategies
International Strategy
Cooperative Strategy
Corporate Governance
Organizational Structure and Controls
Strategic Leadership
Strategic Entrepreneurship

All Questions

Question 1

Free

True/False

Technology has made it more difficult for companies to find ways to develop competitive advantages.

Choose correct answer/s

True

False

Check answer

Question 2

Free

True/False

Firms should seek to continually develop new core competencies because all core competencies guarantee above-average profit.

Choose correct answer/s

True

False

Check answer

Question 3

Free

True/False

In today's global economy, some resources that were traditionally critical to firms' efforts to sell goods are now less likely to be a source of competitive advantage.?

Choose correct answer/s

True

False

Check answer

Question 4

Free

True/False

Firms achieve strategic competitiveness and earn above-average returns by acquiring, bundling, and leveraging their resources for the purpose of taking advantage of opportunities in the external environment in ways that create value for customers.

Choose correct answer/s

True

False

Check answer

Question 5

Free

True/False

Analyzing the internal environment enables a firm to determine what it might do by identifying what opportunities and threats exist.

Choose correct answer/s

True

False

Check answer

Question 6

True/False

Analyzing the internal environment enables a firm to determine what it can do by identifying resources, capabilities, and core competencies in the internal organization.

Choose correct answer/s

True

False

To unlock the question

Question 7

True/False

Understanding how to leverage the firm's unique bundle of resources and capabilities is a key outcome decision makers seek when analyzing the internal organization.

Choose correct answer/s

True

False

To unlock the question

Question 8

True/False

Resources are the source of capabilities, some of which lead to the development of core competencies. In turn, some core competencies may lead to competitive advantage.

Choose correct answer/s

True

False

To unlock the question

Question 9

True/False

Value is measured by the variable and fixed costs associated with the production and marketing of a particular product compared with the revenue and profits the product generates.

Choose correct answer/s

True

False

To unlock the question

Question 10

True/False

Creating customer value is the source of the firm's potential to earn above-average returns.

Choose correct answer/s

True

False

To unlock the question

Question 11

True/False

Walmart uses core competencies, such as information technology and distribution channels, to create value for its customers through its "everyday low prices."

Choose correct answer/s

True

False

To unlock the question

Question 12

True/False

The need to meet quarterly earnings results causes managers to accurately examine the firm's internal organization.

Choose correct answer/s

True

False

To unlock the question

Question 13

True/False

The learning generated by making and correcting mistakes is generally unimportant to efforts to create new capabilities and core competencies.

Choose correct answer/s

True

False

To unlock the question

Question 14

True/False

By themselves, resources can allow firms to create value for customers as the foundation for earning above-average returns.

Choose correct answer/s

True

False

To unlock the question

Question 15

True/False

Resources must be combined to form capabilities, as illustrated by Chipotle, which linked fresh ingredients with several other resources, including the marketing and training of employees, as the foundation for customer service as a capability.

Choose correct answer/s

True

False

To unlock the question

Question 16

True/False

The value of tangible assets, such as the firm's borrowing capacity and its physical plant, is high because these assets can be easily leveraged to derive additional value.

Choose correct answer/s

True

False

To unlock the question

Question 17

True/False

Although an organization's good reputation is a valuable resource that takes years of superior marketplace competence to achieve, it is not a good basis for building a competitive advantage because it can be destroyed almost instantly by bad publicity.

Choose correct answer/s

True

False

To unlock the question

Question 18

True/False

Compared to tangible resources, intangible resources are an inferior source of core competencies.

Choose correct answer/s

True

False

To unlock the question

Question 19

True/False

The foundation of many capabilities lies in the unique skills and knowledge of a firm's employees.

Choose correct answer/s

True

False

To unlock the question

Question 20

True/False

Capabilities of an organization emerge spontaneously through the interaction of tangible and intangible resources.

Choose correct answer/s

True

False

To unlock the question