How are the critical assumptions of the resource-based model of a firm fundamentally different from the way in which a firm is viewed in the perfectly competitive industry structure? Show
A. B. C. D. C. In perfect competition, all firms have access to the same capabilities, whereas in the resource-based model, resource differences exist between firms in the same industry. 24. How are the critical assumptions of the resource-based model of a firm fundamentally different from the way in which a firm is viewed in the perfectly competitive industry structure? A. In the resource-based model, resources are freely available and mobile, whereas in the perfectly competitive industry structure, resources are highly immobile. B. C. D. C One of Rolex's tangible resources is its well-known brand name and reputation for quality timepieces. Answer: Answer: False Beats Electronics has been able to outperform Audio-Technica, Bose, JBL, Skullcandy, Sennheiser, and Sony in the high-end, premium headphone market. Which of the following statements accurately explains one of the main reasons for the success of Beats? Answer: Answer: B Amazon.com's network of distribution centers allow it to drastically reduce its delivery times compared to other online retailers. These distribution centers are examples of Amazon's Answer: Answer: C Organizational and managerial skills that find their expression in a company's structure, routines, and culture are referred to as Answer: Unlock to view answer High demand for online video streaming options is one of Netflix's core competencies. Answer: Unlock to view answer Dynamic strategic activity systems help a firm to maintain a competitive advantage for extended periods of time. Answer: Unlock to view answer Smooth Fusion Inc. is a software company that has built and acquired numerous assets over the years. According to the resource-based view of a firm, which of the following assets of Smooth Fusion Inc. will best enable it to gain and sustain a competitive advantage? Answer: Unlock to view answer Cartech Inc. is a manufacturer of automobile parts, which it sells to retail auto supply stores. Its core competencies include superior design and engineering capabilities, as well as a highly integrated and efficient supply chain. To sustain its competitive advantage, Cartech should first Answer: Unlock to view answer A music distributor that decides to launch a proprietary music streaming service to respond to changes in music consumption trends exhibits dynamic capabilities. Answer: Unlock to view answer Cloud Cones is a fast-growing chain of ice cream shops. It has acquired an edge over its competitors through its ability to provide a wide array of unique flavors and a hip atmosphere in stores. This advantage of Cloud Cones best exemplifies a Answer: Unlock to view answer A SWOT analysis would provide a definitive answer as to whether a firm's growing footprint in overseas markets is a strength or weakness. Answer: Unlock to view answer Intellectual property (IP) protections such as trademarks or patents are proven methods of establishing permanent barriers to imitation. Answer: Unlock to view answer Accounting, human resources, and research and development (R&D) are examples of primary activities that add value directly to the value chain. Answer: Unlock to view answer GN Corp. and BC Inc. are two competing firms in the same industry. GN Corp.'s tangible assets are valued at $15 billion and its intangible assets are valued at $35 billion. BC Inc.'s tangible assets are valued at $5 billion and its intangible assets are valued at $45 billion. What can be concluded from this information? Answer: Unlock to view answer The core competencies of a firm are determined by the interplay of its tangible resources and intangible capabilities. Answer: Unlock to view answer Which of the following statements accurately brings out the difference between tangible and intangible resources? Answer: Unlock to view answer According to the resource-based view, a firm that differentiates itself from its competitors through its personalized approach to customer service is likely to sustain its competitive advantage for a long time. Answer: Unlock to view answer Amazon's tendency to reinvest a large share of its profits into new services and capabilities exemplifies a low level of resource flows. Answer: Unlock to view answer As manager of a relatively new company, you are tasked with analyzing company resources to identify core competencies capable of supporting a competitive advantage. Which of the following resources is most likely to generate a competitive advantage? Answer: Unlock to view answer The management of a company is assessing the value of all the tangible resources the company owns. Which of the following will be included in this assessment? Answer: Unlock to view answer This preview shows page 39 - 41 out of 91 pages. In order to continue enjoying our site, we ask that you confirm your identity as a human. Thank you very much for your cooperation. Which of the following statements accurately describes a firm's resource stock group of answer choices?Which of the following statements accurately describes a firm's resource stock? Resource stocks are a firm's current level of intangible resources.
Which of the following statements accurately describes a firm's resource flow?which of the following statements accurately describes a firm's resource flow? It is the firm's level of investments to maintain of build a resource. Resource flows are the firm's level of investments to maintain or build a resource.
Which of the following statements accurately brings out distinction between a firm's resources and capabilities?Which of the following statements accurately brings out the distinction between a firm's resources and capabilities? While resources reinforce core competencies, capabilities allow managers to orchestrate their core competencies.
Which of the following statements accurately defines a value chain?Which of the following statements accurately defines a value chain? A.A value chain refers to the particular combination of key variables (product, place, promotion, and price) under a corporation's control that can be used to affect demand and to gain competitive advantages.
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