Recognizing A Firms Intellectual Assets: Moving Beyond A Firms Tangibleresources

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Strategic Management: Creating Competitiveadvantages
Analyzing the External Environment Ofthe Firm: Creating Competitive Advantages
Assessing the Internal Environmentof the Firm
Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangibleresources
Business-Level Strategy: Creating Andsustaining Competitive Advantages
Corporate-Level Strategy: Creatingvalue Through Diversification
International Strategy: Creating Valuein Global Markets
Entrepreneurial Strategy and Competitive Dynamics
Strategic Control and Corporategovernance
Creating Effective Organizational Designs
Strategic Leadership: Creating a Learning Organization and an Ethical Organization
Managing Innovation and Fosteringcorporate Entrepreneurship

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Question 1

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According to the text,for most of the 20^th century,managerial efforts were directed more toward the efficient allocation of labor and capital,which are the two traditional factors of production.

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Question 2

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True/False

The importance of human capital has decreased in recent years.For this reason,many firms have placed greater attention on attracting talent,but not on developing or retaining it.

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Question 3

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True/False

The more reliance a firm has on intellectual capital,the closer its book value will be to its market value.

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Question 4

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The difference between the market value and book value of a firm is its social capital.

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Question 5

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Firms such as Apple and Google will tend to have a higher ratio of market value to book value than industrial companies such as Nucor Steel.

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Question 6

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Creation of new knowledge typically involves the continual interaction of explicit and tacit knowledge.

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Question 7

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Knowledge workers are more loyal to their companies than traditional workers.

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Question 8

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Technical skills are a necessary and sufficient condition for hiring an employee.

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Question 9

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One of the most important elements in a good employee is his or her attitude.Firms should follow the adage: hire for attitude,train for skill.

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Question 10

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Companies have found that referrals from their own employees are generally an effective approach to recruiting top talent.

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Question 11

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The Millennial generation expects employers to provide incentives to attract and retain them.A company that does this will have a competitive advantage.

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Question 12

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Millennials value hard work and will rarely use vacation time.

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Question 13

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The most effective method of improving retention of top talent at a firm is to intensify its hiring efforts.

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Question 14

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An internal work opportunity market for employees is one means of increasing employee retention.

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Question 15

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The text suggests that talented professionals are typically most concerned about financial rewards.Money is the top reason why such employees take and leave jobs.

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Question 16

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Workforces that reflect demographic changes will become more homogeneous over the next few decades with regard to gender,race,ethnicity,and nationality.

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Question 17

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Social capital is based on the network of relationships within a firm,not in the skills and abilities of an individual employee.

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Question 18

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Social capital is found in the knowledge,skills,and abilities of individual employees.

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Question 19

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Developing social capital is risky for an organization because social capital is specific to individuals and remains with the employee,if he or she leaves the organization.

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Question 20

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Social network analysis can be used to help identify groups or clusters of individuals that comprise the network,individuals who link the clusters,and other network members.

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Recognizing A Firms Intellectual Assets: Moving Beyond A Firms Tangibleresources

According to the text,for most of the 20th century,managerial efforts were directed more toward the efficient allocation of labor and capital,which are the two traditional factors of production.

The importance of human capital has decreased in recent years.For this reason,many firms have placed greater attention on attracting talent,but not on developing or retaining it.

The more reliance a firm has on intellectual capital,the closer its book value will be to its market value.

The difference between the market value and book value of a firm is its social capital.

Firms such as Apple and Google will tend to have a higher ratio of market value to book value than industrial companies such as Nucor Steel.

Creation of new knowledge typically involves the continual interaction of explicit and tacit knowledge.

Knowledge workers are more loyal to their companies than traditional workers.

Technical skills are a necessary and sufficient condition for hiring an employee.

One of the most important elements in a good employee is his or her attitude.Firms should follow the adage: hire for attitude,train for skill.

Companies have found that referrals from their own employees are generally an effective approach to recruiting top talent.

The Millennial generation expects employers to provide incentives to attract and retain them.A company that does this will have a competitive advantage.

Millennials value hard work and will rarely use vacation time.

The most effective method of improving retention of top talent at a firm is to intensify its hiring efforts.

An internal work opportunity market for employees is one means of increasing employee retention.

The text suggests that talented professionals are typically most concerned about financial rewards.Money is the top reason why such employees take and leave jobs.

Workforces that reflect demographic changes will become more homogeneous over the next few decades with regard to gender,race,ethnicity,and nationality.

Social capital is based on the network of relationships within a firm,not in the skills and abilities of an individual employee.

Social capital is found in the knowledge,skills,and abilities of individual employees.

Developing social capital is risky for an organization because social capital is specific to individuals and remains with the employee,if he or she leaves the organization.

Social network analysis can be used to help identify groups or clusters of individuals that comprise the network,individuals who link the clusters,and other network members.

According to the text,for most of the 20^th century,managerial efforts were directed more toward the efficient allocation of labor and capital,which are the two traditional factors of production.