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

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Question 31

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When evaluating the sustainability of a firm's competitive advantage,which of the following statements is not true?

A) The competitive advantage will not be sustainable if there are substitutes for the firm's core competence.
B) If managed effectively, existing core competencies can help sustain the competitive advantage indefinitely.
C) Social complexity often leads to a competitive advantage that is sustainable.
D) When expectations of future resource value turn out to be accurate and can be repeated, then a sustained competitive advantage is realized.

E) C) and D)
F) A) and C)

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Question 32

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To help a firm achieve a competitive advantage,each distinct activity performed in the value chain needs to

A) contribute to the firm's strategic position as either low-cost leader or differentiator.
B) reduce the immobility and the heterogeneity of the firm's resources.
C) create a static fit between the company's internal resources and the external environment.
D) reduce the causal ambiguity and the social complexity of the firm's source of success.

E) B) and C)
F) C) and D)

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Question 33

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In the context of the resource-based model of competitive advantage,if a successful firm exhibits resource immobility it means that the

In the context of the resource-based model of competitive advantage,which of the following scenarios best exemplifies resource immobility?

Smooth Fusion Inc.is a software company,which has built and acquired numerous assets over the years.According to the resource-based view of a firm,which of the following assets of Smooth Fusion Inc.will best enable it to gain and sustain a competitive advantage?

How does causal ambiguity act as an isolating mechanism for organizations?

It is difficult even for Apple's managers to pinpoint the underlying cause of the company's phenomenal success.The term that best applies to this difficulty is known as

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

_____ are best described as unique strengths,embedded deep within a firm,that allow a firm to differentiate its products and services from those of its rivals,creating higher value for the customer or offering products and services of comparable value at lower cost.

To gain a competitive advantage,Lopez Industries obtained financing and then used this extra capital to produce the same amount of gaskets in a one-month period that it normally produces in a two-month period.Which of the following is the most likely outcome of this endeavor?

The value chain describes the

How are the critical assumptions of the resource-based model of a firm fundamentally different from the way in which a firm is viewed in the perfectly competitive industry structure?

Gene Craft Inc.is the market leader in the pharmaceutical industry.Though most of its resources are common to those of its competitors,a few rare resources have helped the company gain and sustain a competitive advantage.Which of the following assets of Gene Craft Inc.is most likely to be considered a rare resource that is best contributing to its competitive advantage?

Which of the following resources is a firm's resource stock?

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

Which of the following is not a condition that can help a firm sustain its competitive advantage?

_____ allows managers to synthesize insights obtained from an internal analysis of a company's strengths and weaknesses with those from an analysis of external opportunities and threats.

Dandelions Max is a consumer electronics company.It has acquired an edge over its competitors through its ability to provide breakthrough technology at the lowest price in the market.This advantage of Dandelions Max best exemplifies a

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?

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 most of its competitors had already been in the laptop market for five years.Blue Tech Inc.'s models were inferior to the ones in the market.In this scenario,Blue Tech Inc.'s failure can be best attributed to