Question 1

All core competencies have the potential to become core: 
A) rigidities.
B) stagnations.
C) inefficiencies.
D) weaknesses.

Accepted Answer

If core competencies become too rigid or fixed, they may inhibit the organization from adapting to changes in the market or industry. This inflexibility can create a weakness or inefficiency in the organization's ability to innovate and compete effectively.

Question 2

What are the differences between tangible and intangible resources? Which category of resources is more valuable to the firm?

Accepted Answer

The answer of What are the differences between tangible and...

Question 3

What is value?  Why is it important?

Accepted Answer

The answer of What is value?  Why is it important?...

Question 4

Describe the importance of internal analysis to the strategic success of the firm.  Should not-for-profit organizations perform internal analysis?  Why or Why not?

Accepted Answer

The answer of Describe the importance of internal analysis to...

Question 5

Tools such as ______ help the firm focus on its core competencies as the source of its competitive advantages.
A) marketing
B) manufacturing
C) outsourcing
D) imitation

Accepted Answer

Outsourcing allows a firm to delegate non-core tasks to external entities, freeing up resources and time to focus on its core competencies, which are the sources of its competitive advantage. Options A and B are not specific tools for achieving this goal, and option D goes against the concept of focusing on core competencies by advocating imitation of others.

Question 6

Define capabilities and how they affect the firm's strategic success.

Accepted Answer

The answer of Define capabilities and how they affect the...

Question 7

Describe the four specific criteria that managers can use to decide which of their firm's capabilities have the potential to create a sustainable competitive advantage.

Accepted Answer

The answer of Describe the four specific criteria that managers...

Question 8

Describe a value chain analysis. How does a value chain analysis help a firm gain competitive advantage?

Accepted Answer

The answer of Describe a value chain analysis. How does...

Question 9

Describe an organization with which you are familiar.  Does it have a sustainable competitive advantage?

Accepted Answer

The answer of Describe an organization with which you are...

Question 10

Define outsourcing.  Why do organizations outsource?

Accepted Answer

The answer of Define outsourcing.  Why do organizations outsource?...

Question 11

The ______ are those with the potential to be formed into core competencies as the foundation for creating value.
A) "most" knowledge resources
B) "most" capabilities
C) "right" resources
D) "dark side" resources

Accepted Answer

The "right" resources are those that can be developed into core competencies, which are essential for creating value and gaining a competitive advantage.

Question 12

Why is it important to identify internal strengths and weaknesses?

Accepted Answer

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Question 13

Why is it important to prevent core competencies from becoming core rigidities?

Accepted Answer

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Quiz 3: The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages

All core competencies have the potential to become core:

What are the differences between tangible and intangible resources? Which category of resources is more valuable to the firm?

What is value? Why is it important?

Describe the importance of internal analysis to the strategic success of the firm. Should not-for-profit organizations perform internal analysis? Why or Why not?

Tools such as ______ help the firm focus on its core competencies as the source of its competitive advantages.

Define capabilities and how they affect the firm's strategic success.

Describe the four specific criteria that managers can use to decide which of their firm's capabilities have the potential to create a sustainable competitive advantage.

Describe a value chain analysis. How does a value chain analysis help a firm gain competitive advantage?

Describe an organization with which you are familiar. Does it have a sustainable competitive advantage?

Define outsourcing. Why do organizations outsource?

The ______ are those with the potential to be formed into core competencies as the foundation for creating value.

Why is it important to identify internal strengths and weaknesses?

Why is it important to prevent core competencies from becoming core rigidities?