Exam 3: Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability

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Using the value chain model,which of the following primary activities is performed last,as inputs are transformed into outputs?

(Multiple Choice)

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Question 61

If a company's profitability is higher than the industry average,it has a competitive advantage.

(True/False)

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Question 62

____ is a way to avoid failure.

(Multiple Choice)

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Question 63

The concept of quality applies to

(Multiple Choice)

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Question 64

Benchmarking is a practice in which a company's performance is compared against that of competitors and the historic performance of the company itself.

(True/False)

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Question 65

When Rollie's car wash began to lose business to rivals,Rollie read publications for car wash owners to learn the best practices in the industry.Then she implemented the best practices.Rollie is using ____ to improve her car wash.

(Multiple Choice)

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Question 66

The importance of reliability in building competitive advantage has increased dramatically over the past decade.

(True/False)

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Question 67

A company's strategic commitments

(Multiple Choice)

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Question 68

Together with an analysis of the company's external environment,internal analysis gives managers the information they need to choose the business model and strategies that will enable their company to attain a sustained competitive advantage.

(True/False)

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Question 69

Identify and discuss the four building blocks of competitive advantage.

(Essay)

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Question 70

Research and development activities are concerned with

(Multiple Choice)

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Question 71

When a firm produces products that customers perceive as having higher utility than those of its rivals,this firm's source of competitive advantage is

(Multiple Choice)

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Question 72

The more a resource is firm-specific and difficult to imitate,the more likely a company holding that resource is said to have a distinctive competency.

(True/False)

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Question 73

Brad has developed a new,improved irrigation procedure for use in his apple orchard.Brad is creating a product innovation.

(True/False)

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Question 74

Patents typically provide the greatest barrier to imitation.

(True/False)

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Question 75

Give one example of a firm that has achieved a distinctive competency in efficiency and describe that competency.Then do the same for a firm with a distinctive competency in quality,innovation,and responsiveness to customers.

(Essay)

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Question 76

At Adam's bicycle shop,the primary value chain activity of production occurs each time a customer's bicycle is repaired.

(True/False)

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Question 77

Innovation refers to the act of

(Multiple Choice)

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Question 78

The intellectual property of an organization is a(n)

(Multiple Choice)

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Question 79

Which primary activity in the value chain is concerned with the design of products and production processes?

(Multiple Choice)

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Question 80

Showing 61 - 80 of 84

Using the value chain model,which of the following primary activities is performed last,as inputs are transformed into outputs?

If a company's profitability is higher than the industry average,it has a competitive advantage.

____ is a way to avoid failure.

The concept of quality applies to

Benchmarking is a practice in which a company's performance is compared against that of competitors and the historic performance of the company itself.

When Rollie's car wash began to lose business to rivals,Rollie read publications for car wash owners to learn the best practices in the industry.Then she implemented the best practices.Rollie is using ____ to improve her car wash.

The importance of reliability in building competitive advantage has increased dramatically over the past decade.

A company's strategic commitments

Together with an analysis of the company's external environment,internal analysis gives managers the information they need to choose the business model and strategies that will enable their company to attain a sustained competitive advantage.

Identify and discuss the four building blocks of competitive advantage.

Research and development activities are concerned with

When a firm produces products that customers perceive as having higher utility than those of its rivals,this firm's source of competitive advantage is

The more a resource is firm-specific and difficult to imitate,the more likely a company holding that resource is said to have a distinctive competency.

Brad has developed a new,improved irrigation procedure for use in his apple orchard.Brad is creating a product innovation.

Patents typically provide the greatest barrier to imitation.

Give one example of a firm that has achieved a distinctive competency in efficiency and describe that competency.Then do the same for a firm with a distinctive competency in quality,innovation,and responsiveness to customers.

At Adam's bicycle shop,the primary value chain activity of production occurs each time a customer's bicycle is repaired.

Innovation refers to the act of

The intellectual property of an organization is a(n)

Which primary activity in the value chain is concerned with the design of products and production processes?

Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage

External Analysis: The Identification of Opportunities and Threats

Building Competitive Advantage Through Functional-Level Strategy

Building Competitive Advantage Through Business-Level Strategy

Business-Level Strategy and the Industry Environment

Strategy and Technology

Strategy in the Global Environment

Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing

Corporate-Level Strategy: Related and Unrelated Diversification

Corporate Performance, Governance, and Business Ethics

Implementing Strategy in Companies That Compete in a Single Industry

Implementing Strategy in Companies That Compete Across Industries and Countries

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