MAN Chap 3

What do you call the ability to analyze, understand, and manage an internal organization in ways that are not dependent on the assumptions of a single country culture or context?

A global mind-set

What does table 3.3 in your textbook indicate?

A grouping of organizational functions and the capabilities that some companies are thought to possess Next

Knowledgeable and skilled employees within a company would be considered which of the following?

A part of the core competency Next

Resources are combined within a firm to create what?

Capabilities

In figure 3.2 in your textbook complexity has which of the following outcomes?

Complexity results from the interrelationships among conditions shaping a firm

The capabilities that serve as a source of competitive advantage for firm over its rivals is known as what?

Core competencies Next

Which of the answers below is not a part of the core competencies?

Create large amounts of profit for the firm

Which of the following statements is true?

Every core competency is a capability but not every capability is a core competency

Within a company there are resources which are instilled in the firm's history and these resources are very difficult for competitors to imitate which makes them extremely valuable to the company. Which of the following are those resources?

Intangible resources

An ever increasing number of firms are beginning to use their resources to form core competencies through which they can implement an international strategy. Why are they doing this?

International strategies are of the utmost importance to firms in a global marketplace Traditional resources create an unusable set of advantages when it comes to international expansion It provides a means of overcoming the advantages created by more traditional resources

In the textbook, the section "costly to imitate" discusses three reasons other firms cannot easily develop capabilities. Which of the following is not one of the three?

Lack of strategic equivalents

On table 3.3 in your textbook, Hugo Boss and Zara utilize which of the functional areas of capabilities to envision the future trends in clothing?

Management

What is the difference between table 3.1 and table 3.2 in your textbook?

One shows tangible resources and one shows intangible resources

When a firm purchases a value creating activity from an external supplier this is known as what?

Outsourcing

According to table 3.1 in your textbook product inventory is shown as a tangible resource. Which of the listed resources does product inventory belong?

Physical resources

Resources that can be observed and quantified are known as what?

Tangible resources

A competitive advantages sustainability is a function of three factors, which of the following is not one of those factors?

The firms that have competitive advantages and a better understanding of the marketplace are able to retain those competitive advantages

The firm combines both intangible and tangible resources to create capabilities. Those capabilities are then used for what?

To complete the organizational task required to produce, distribute, and service the goods the firm provides to customers for the purpose of creating value for them

What is measured by a products performance characteristics and by its attributes for which customers are willing to pay?

Value

What type of analysis is necessary to allow the firm to understand the parts of its operations that create value and those that do not?

Value chain analysis