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

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Question 61

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Coral Think Inc.is a new company in the publishing industry.It has raised sufficient capital from multiple sources.It is planning to use its capital to purchase certain assets.Which of the following assets will be the most difficult for Coral Think Inc.to acquire using its capital?

A) Inventory
B) Tools and equipment
C) Land and building
D) Brand name

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

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Question 62

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Onyx Tech Inc.'s competency in designing and manufacturing efficient microprocessors has made its laptops the most advanced computers in the market.This competency, along with the just-in-time manufacturing system, has enabled Onyx Tech Inc.to increase its profitability by lowering its production costs.Thus, Onyx's competency in designing and manufacturing microprocessors will be considered a(n) _____ resource in the VRIO framework.

A) valuable
B) inexhaustible
C) tangible
D) perishable

E) A) and B)
F) A) and C)

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Question 63

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A critical assumption in the resource-based model of a firm is resource heterogeneity.Elaborate on this statement.

Even though many valuable, rare, and inimitable resources were generated at Xerox's Palo Alto Research Center (PARC) , the management at Xerox's headquarters failed to gain a competitive advantage by exploiting the breakthroughs in computing software and hardware.What is the most likely implication of this example?

As a result of _____, a critical assumption in the resource-based model of a firm, the resource differences that exist between firms are difficult to replicate.

Differentiate resource stocks from resource flows.

How do firms benefit from their dynamic capabilities?

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 _____.

Jeremy 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 him 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 Jeremy employing?

With regard to the VRIO framework, Crocs Shoes was unable to sustain its competitive advantage primarily because its products were:

In the context of SWOT analysis, a firm can develop an offensive strategic option primarily by:

Elaborate on time compression diseconomies.

Creating resources that meet the VRIO criteria is strategically important to a firm because it:

Sarah has recently started a restaurant in a commercial area where there are many other established restaurants and popular fast food chains.Sarah owns the plot on which her restaurant is located and this makes her cost of operations lower than the competitors.This factor allows her to offer her products at a competitive price.Sarah has also invested a huge amount on the interiors of the restaurant and in equipping the kitchen with the latest appliances used by her competitors.In this scenario, which of the following is the most valuable resource for Sarah's business?

Onyxo Inc., a consumer electronics company, is the leading manufacturer of LCD televisions.LCD technology has been its core competency and the company holds 80 percent shares in that market.However, Onyxo Inc.'s competitors have now moved on to advance technologies like LED and 3D televisions.According to the dynamic capabilities perspective, what should Onyxo Inc.do?

_____ are barriers to imitation that prevent rivals from competing away the advantage a firm may enjoy.

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

True Autos Inc.has been trying to directly copy the strategies of Red Autos Inc.Even though it is evident that Red Auto's Inc.'s success comes from its just-in-time inventory system, True Auto's Inc.has not been able to effectively apply the system in the same way.This is because the organizational structures, employees, cultures, and the overall business systems of both the companies vary from each other.Which of the following barriers to imitation does this scenario best illustrate?

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

How do firms benefit from value chain analysis?