BUSI 4940 Test 1 Questions with Correct Answers 100% Verified by Experts|
2025/2026 Latest Update
What are the three ways to build a value proposition? Generating Value Through:
Price
Features
Execution
Capabilities Represent firm specific abilities that enable the firm to achieve its desired
strategic orientation and goals.
What four characteristics must a capability demonstrate to provide a competitive advantage for
the firm? Valuable
Rare
Inimitable
Organizable
Name three types of capabilities: Operational
Customer
Innovation
How to create organizational capabilities Combine components:
Management preferences
Firm Resources
Organizing Processes
How to create organizational capabilities "Combine components:
Management preferences
, Firm Resources
Organizing Processes"
Positive attributes of management preferences Serve to focus and motivate the
development of business capabilities
Negative attributes of management preferences "Opportunistic behavior
Potential inflexibility"
Types of firm resources "Physical
Human
Relationship and Reputational
Financial"
Gaps "Environment to strategy
Strategy to capabilities"
So we have the 6 gaps identified. What do we do next? Short-list the top 3 gaps faced by the
firm
How would you assess the impact of the top 3 gaps on the future performance of the firm
(assuming no change in strategy of the firm in the future)? Develop pro forma financial
statements using the Common Size Technique and then adjusting for the Top 3 strategic gaps
What are the two things that have to be changed/reshaped to close the top strategic gaps?
Change strategy and change complementary business capabilities
The output of an environmental analysis must include: Drivers of change
2025/2026 Latest Update
What are the three ways to build a value proposition? Generating Value Through:
Price
Features
Execution
Capabilities Represent firm specific abilities that enable the firm to achieve its desired
strategic orientation and goals.
What four characteristics must a capability demonstrate to provide a competitive advantage for
the firm? Valuable
Rare
Inimitable
Organizable
Name three types of capabilities: Operational
Customer
Innovation
How to create organizational capabilities Combine components:
Management preferences
Firm Resources
Organizing Processes
How to create organizational capabilities "Combine components:
Management preferences
, Firm Resources
Organizing Processes"
Positive attributes of management preferences Serve to focus and motivate the
development of business capabilities
Negative attributes of management preferences "Opportunistic behavior
Potential inflexibility"
Types of firm resources "Physical
Human
Relationship and Reputational
Financial"
Gaps "Environment to strategy
Strategy to capabilities"
So we have the 6 gaps identified. What do we do next? Short-list the top 3 gaps faced by the
firm
How would you assess the impact of the top 3 gaps on the future performance of the firm
(assuming no change in strategy of the firm in the future)? Develop pro forma financial
statements using the Common Size Technique and then adjusting for the Top 3 strategic gaps
What are the two things that have to be changed/reshaped to close the top strategic gaps?
Change strategy and change complementary business capabilities
The output of an environmental analysis must include: Drivers of change
