MGMT 449 CSUF – Exam 1 Review (Ch. 1–4) Study Guide & Practice
Questions
A company's resources and capabilities represent
- the firm's net working capital and related determinants for measuring operating performance
and capabilities.
- the firm's competitive assets that determine its competitiveness and ability to succeed in the
marketplace.
- whether the firm has the industry's most efficient value chain.
- management's sources and uses of funding for new strategic initiatives. - ✔✔the firm's
competitive assets that determine its competitiveness and ability to succeed in the
marketplace.
Organizational capabilities are virtually always
- knowledge based, residing in people and in the company's intellectual capital, or in
organizational processes and systems, which embody tacit knowledge.
- more complex than resources and are exercised only through key personnel.
- require constant evaluation to ensure cooperative support from management.
- reflective of the industry's driving forces. - ✔✔knowledge based, residing in people and in
the company's intellectual capital, or in organizational processes and systems, which embody
tacit knowledge.
A resource of a firm is considered to be
- a market opportunity.
- an environmental threat.
- the capacity of a firm to competently perform some internal activity.
- deployed to develop and enable a firm's capabilities. - ✔✔deployed to develop and enable a
firm's capabilities.
, Which two factors inhibit the ability of rivals to imitate a firm's most valuable resources and
capabilities?
- social ambiguity and causal uncertainty
- social simplicity and causal complexity
- collective complexity and causal ambiguity
- social complexity and causal ambiguity - ✔✔social complexity and causal ambiguity
A competitively valuable resource or capability is a company's
- enabling foundation of its business model.
- equally valuable substitute resource providing a competitive advantage.
- assessment of the availability of superior substitutes.
- unsurpassed worker productivity and product quality. - ✔✔enabling foundation of its
business model.
If you were conducting a SWOT analysis for a textbook publisher, which of the following steps
would you omit from your SWOT analysis?
- identifying the textbook publisher's market opportunities
- matching the textbook publisher's strategy to its resource strengths and market opportunities,
correcting problematic weaknesses, and defending against worrisome threats
- identifying the textbook publisher's resource weaknesses
- benchmarking the textbook publisher's resource strengths and competitive capabilities against
industry key success factors - ✔✔benchmarking the textbook publisher's resource strengths
and competitive capabilities against industry key success factors
Two analytical tools useful in determining whether a company's prices and costs are
competitive are
- SWOT analysis and key success factor analysis.
Questions
A company's resources and capabilities represent
- the firm's net working capital and related determinants for measuring operating performance
and capabilities.
- the firm's competitive assets that determine its competitiveness and ability to succeed in the
marketplace.
- whether the firm has the industry's most efficient value chain.
- management's sources and uses of funding for new strategic initiatives. - ✔✔the firm's
competitive assets that determine its competitiveness and ability to succeed in the
marketplace.
Organizational capabilities are virtually always
- knowledge based, residing in people and in the company's intellectual capital, or in
organizational processes and systems, which embody tacit knowledge.
- more complex than resources and are exercised only through key personnel.
- require constant evaluation to ensure cooperative support from management.
- reflective of the industry's driving forces. - ✔✔knowledge based, residing in people and in
the company's intellectual capital, or in organizational processes and systems, which embody
tacit knowledge.
A resource of a firm is considered to be
- a market opportunity.
- an environmental threat.
- the capacity of a firm to competently perform some internal activity.
- deployed to develop and enable a firm's capabilities. - ✔✔deployed to develop and enable a
firm's capabilities.
, Which two factors inhibit the ability of rivals to imitate a firm's most valuable resources and
capabilities?
- social ambiguity and causal uncertainty
- social simplicity and causal complexity
- collective complexity and causal ambiguity
- social complexity and causal ambiguity - ✔✔social complexity and causal ambiguity
A competitively valuable resource or capability is a company's
- enabling foundation of its business model.
- equally valuable substitute resource providing a competitive advantage.
- assessment of the availability of superior substitutes.
- unsurpassed worker productivity and product quality. - ✔✔enabling foundation of its
business model.
If you were conducting a SWOT analysis for a textbook publisher, which of the following steps
would you omit from your SWOT analysis?
- identifying the textbook publisher's market opportunities
- matching the textbook publisher's strategy to its resource strengths and market opportunities,
correcting problematic weaknesses, and defending against worrisome threats
- identifying the textbook publisher's resource weaknesses
- benchmarking the textbook publisher's resource strengths and competitive capabilities against
industry key success factors - ✔✔benchmarking the textbook publisher's resource strengths
and competitive capabilities against industry key success factors
Two analytical tools useful in determining whether a company's prices and costs are
competitive are
- SWOT analysis and key success factor analysis.
