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

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Question 31

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

A) It is the firm's level of investments to maintain or build a resource.
B) It is the firm's current level of intangible resources.
C) It is the firm's current level of tangible resources that are common to other firms.
D) It is the firm's level of expertise to efficiently deploy a valuable resource.

E) All of the above
F) A) and B)

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Question 32

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_____ 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.

A) The VRIO framework
B) The SWOT analysis
C) The break-even analysis
D) Ansoff's matrix

E) None of the above
F) All of the above

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Question 33

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True Moto Corp.(TMC) is a leading automobile company.The company has been able to sustain its competitive advantage primarily due to its high quality and efficient electric motors.Most of its competitors have failed to develop similar electric motors at a reasonable price.Which of the following resource attributes listed in the VRIO framework has helped TMC sustain its competitive advantage?

A firm's resource is most likely to be an internal strength and a core competency when the resource is:

Provide examples of the secondary activities in a firm's value chain.

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 _____.

Briefly describe the VRIO framework.

Mova Electronics, a leading pager manufacturer, recently declared itself bankrupt.This was attributed to a decision the company made in the past.While most of Mova's competitors were shifting their research focus toward cell phones, Mova invested most of its retained earnings on improvising its pagers.Once the pager market drastically declined, Mova Electronics was unable to capitalize on the new technology.Which of the following does this scenario best illustrate?

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

Given the accelerated pace of technological change, in combination with deregulation, globalization, and demographic shifts, a firm will only be successful today if its:

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 is an example of a firm's resources?

Otion Inc.is a relatively new firm in the consumer electronics industry.The company's primary objective is to become the market leader in less than 5 years, for which it has to gain and sustain a competitive advantage.In the context of the VRIO framework, which of the following resources should Otion Inc.primarily focus on to achieve its objective?

The resource-based view of a firm assumes that the:

The critical assumptions of the resource-based model of a firm are fundamentally different from the way in which a firm is viewed in the perfectly competitive industry structure.Elaborate on this statement.

The "diagonal assembly system" was a production system pioneered by the automobile company Mova.During the period when diagonal assembly system was a rare resource, Mova was able to gain a temporary competitive advantage.Once competitors became aware of this unique competency and started applying it as an industry standard, Mova was unable to sustain its competitive advantage.This loss of Mova's competitive advantage can be attributed to _____.

Brown Foods Inc., a leading chocolate producer, anticipated that the prices of cocoa beans would double in less than three years.This would disrupt the availability of cocoa in the industry.Thus, Brown Foods Inc.decided to purchase cocoa plantations in Ghana.As predicted, the prices of cocoa increased twofold.Because of the company-owned cocoa plantations, Brown Foods Inc.was able to sustain its competitive advantage in turbulent times.Which of the following isolating mechanisms does this scenario best illustrate?

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

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

A firm will fail to create a sustained competitive advantage when the: