BCOR 460 Ch 3

According to the value chain perspective,________________ are located in the network that connects different, but related activities within a firm.

Core competencies

______ Refers to the idea that a firm is a bundle of resources and capabilities that is unique to the firm.

Resource heterogeneity

________________ are the firm's current level of intangible resources

Resource stocks

____________ Is a framework that allows managers to synthesize insights obtained from internal and external analysis

SWOT analysis

Research and development, information system and human resources are examples of _____ activities

Support

________ suggests that sometimes even random events may have a large impacts on an outcome.

Path dependence

______ are the distinct and find businesses processes that enables firms to add incremental value by transforming inputs into goods and services

Activities

According to the dynamic capabilities perspective, competitive advantage stems from a firms ability to

Agilely transform its resources base

The Organizational and managerial Skills necessary to orchestrate a diverse set of resources and deployed them strategically are called

Capabilities

Cowgirl Boots, inexpensive leather boots for women, are selling at record-high numbers. The CEO of the company, however, cannot out why. Was it caused by the company's recent advertisement campaign or the newly reduced price of the boots or some other unknown factor? Based on this information, what concept describes the CEO's confusion regarding Cowgirl Boots' recent success?

Casual ambiguity

__________Describes a situation where the cause and effect of a phenomenon or not readily apparent

Casual ambiguity

_______ manifests themselves in superior products or services

Core competencies

How are intangible resources stocks acquired?

Through investments over time in intangible resources

Which of the following is not considered an isolating mechanism?

Uncertainty about future resource value

In performing a SWOT analysis to generate insights from external an internal analysis, internal strengths and weaknesses can be determined by applying _________ And external strains can be evaluated in part by applying _________.

VIRO, PESTEL

A resource is considered ________ if it helps a firm to deal with an external threat.

Valuable

A firm;s dynamic capabilities allow it to respond agilely to market changes, as well as to _________.

create market transfers

The internal activities our firm that for transforming input into outputs consist of ___________ activities, which adds value directly and ______ activities, which add value indirectly

Primary, Support

Which of the following is true according to the assumption restores heterogeneity ?

Resource bundles vary from company to company

According to the research base view of a firm, what are defined as any asset, capability, or competency that a firm can draw upon one formulating and implementing strategy?

Resources

Enterprise Machinist Is always improving upon its core competencies by training its machinist constantly so that they are equipped to deal with technology and advancement. Based on this information, this is an example of which concept :

Dynamic capabilities

Dynamic capabilities can be described as an

Intangible resource

Strategic leaders use internal and external analyses in tandem to create customize fit between a company's _______

Internal resources & external environment