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Exam 3: Leveraging Resources and Capabilities

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Question 41

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It is easier to imitate intangible resources/capabilities than tangible ones.

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Question 42

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​Resource-based studies of firm performance need to describe the measurement of firm-specific factors such as organizational learning,knowledge management,and managerial talent.

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Question 43

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​In SWOT analysis,the industry view focuses on SW: strengths and weaknesses.

For any given activity,one of the four choices for managers in terms of modes and locations includes onshoring.

Most goods and services are produced through a chain of vertical activities which add value.

​A resource-based view is good at explaining what happened in the past,but has difficulty predicting what will happen in the future.

Brick-and-mortar assets are considered tangible,whereas financial assets are considered intangible.

​One of the ways in which a firm makes it more difficult for other firms to imitate its resources and capabilities is through:

​Critics suggest that the resource-based view should eliminate dynamic capabilities.

​Valuable,rare,but imitable resources/capabilities may provide temporary competitive advantage.

​The VRIO framework is based on a(n) :

List several resources for a firm of your choice,a​nd describe why each is considered a tangible or intangible resource.How does the dynamic capabilities view distinguish between resources and capabilities?

Outsourcing is possible for both manufacturing and servicing activities.

​One of the most valuable and organizationally complex resources that is difficult for other firms to imitate is tacit knowledge within a given firm.

Taking advantage of strengths embodied in resources/capabilities and overcoming weaknesses deals with which fundamental question?

The resource-based view sees capabilities as a firm's tangible and intangible assets that it uses to choose and implement its strategies.

​Which of the following statements about resources is true?

International outsourcing involves:

In order for the VRIO framework to provide effective information,the various capabilities of a company such as LeapFrog Enterprises needs to be evaluated in isolation from other resources and capabilities.

​A fundamental question in a value chain analysis is whether a firm's resources and capabilities add value.