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

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Question 41

Multiple Choice

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

A) fall in the purchasing power of the firm's customers
B) increased competition in the industry where the firm operates
C) irregularity in the raw materials supply throughout the industry
D) decline in the firm's market share

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

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Question 42

Multiple Choice

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As manager of a relatively new company, you are tasked with analyzing company resources to identify core competencies capable of supporting a competitive advantage. Which of the following resources is most likely to generate a competitive advantage?

A) new production facilities
B) large cash holdings
C) stockpile of supplies
D) enthusiastic company culture

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

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Question 43

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Describe the core competencies of any three successful companies in today's business environment.

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

Cloud Cones is a fast-growing chain of ice cream shops. It has acquired an edge over its competitors through its ability to provide a wide array of unique flavors and a hip atmosphere in stores. This advantage of Cloud Cones best exemplifies a

Facing stiff competition in the e-reader market, Sumac Industries wants to protect its competitive advantage by increasing the perceived value of its reader. Sumac's best strategy to accomplish this would be to

Which of the following is a drawback of the SWOT analysis?

One of Rolex's tangible resources is its well-known brand name and reputation for quality timepieces.

Which of the following is an implication of high employee turnover in a company?

Provide an example of how dynamic capabilities can benefit firms.

Elaborate on the drawback of SWOT analysis with the help of an example.

How can a firm fully exploit the competitive potential of its resources, capabilities, and competencies?

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 Blue Tech Inc.'s models were inferior to the third- and fourth-generation models its competitors were selling. In this scenario, Blue Tech Inc.'s failure can be best attributed to

High demand for online video streaming options is one of Netflix's core competencies.

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?

Discuss resource immobility as a critical assumption in the resource-based model of a firm.

The "Natural Nourishment" granola bars manufactured by Global Good Foods have been the top-selling granola bars in the market. Though the market for granola bars is flooded with competitors, Global Good has been able to maintain its market position for a long time. This is mainly attributed to the pleasant texture of its granola, which comes from a proprietary processing technique used by the company. This competency of Global Good Foods will be considered as a(n) ________ resource in the VRIO framework.

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

Amazon's tendency to reinvest a large share of its profits into new services and capabilities exemplifies a low level of resource flows.

Organizational and managerial skills that find their expression in a company's structure, routines, and culture are referred to as