MGMT 4513 FedTalks 5 Questions with Correct
Answers
External analysis
looks at 5 forces and how external environment affects the industry
By studying the external environment,
firms identify what they might choose to do
By studying the internal environment,
firms determined what they can do. this examines unique resources, capabilities, and
competencies (sustainable competitive advantage)
Components of Internal Analysis:
1. Resources (tangible and intanglible)
2. Capabilities / Combo of resources
3. Core Competencies
4. Competitive Advantage
5. Strategic Competitiveness
Four Criteria of Sustainable Advantages
1. Valuable
2. Rare
3. Costly to imitate
4. Non-substitutable
, Resources
a firm's assets, including people and the value of its brand name
Resources represent inputs into firm's production process, such as:
1. capital equipment
2. brand names
3. skills of employees
4. financial resources
5. talented managers
Types of Resources
1. Tangible
2. Intangible
Tangible Resources
relatively easy to identify, and include physical and financial assets used to create value for
customers
Financial Resources
1. firm's cash accounts
2. firm's capacity to raise equity
3. firm's borrowing capacity
Physical Resources
Answers
External analysis
looks at 5 forces and how external environment affects the industry
By studying the external environment,
firms identify what they might choose to do
By studying the internal environment,
firms determined what they can do. this examines unique resources, capabilities, and
competencies (sustainable competitive advantage)
Components of Internal Analysis:
1. Resources (tangible and intanglible)
2. Capabilities / Combo of resources
3. Core Competencies
4. Competitive Advantage
5. Strategic Competitiveness
Four Criteria of Sustainable Advantages
1. Valuable
2. Rare
3. Costly to imitate
4. Non-substitutable
, Resources
a firm's assets, including people and the value of its brand name
Resources represent inputs into firm's production process, such as:
1. capital equipment
2. brand names
3. skills of employees
4. financial resources
5. talented managers
Types of Resources
1. Tangible
2. Intangible
Tangible Resources
relatively easy to identify, and include physical and financial assets used to create value for
customers
Financial Resources
1. firm's cash accounts
2. firm's capacity to raise equity
3. firm's borrowing capacity
Physical Resources
