___% of firms success is explained by industry structure
20
24
36
75
What are the internal drivers of strategy?
Resource integration
Porter's 5 forces
Resources & Capabilities, Value Chain activities
Modular Integration
A dynamic capability is...
Adapting competences/capabilities in reaction to environmental change
Input to a firms production process
Part of internal analysis
A core rigidity
All resources and capabilities are a source of competitive advantage.
True
False
Please identify an example of a tangible resource.
"Tricks of trade"
Capabilities
Labor
Human resource management
Which of the following is NOT an assumption of the resourced based view.
Resources and capabilities must create value
Firm create competitive advantage when it implements strategy that is not easily duplicated or costly to imitate
Resources and capabilities are source of firms competitive advantage
External factors influence firm strategy
Which of the following is an example of a resource or capability that is inimitable, according to the VRIN model?
Relationships with suppliers and customers
Allows firm to exploit opportunities
Neutralizes threats
No strategic equivalent resources
The VRIN model indicates whether a resource or capability is....
Attainable
A source of above average returns
A source of sustained competitive advantage
A core competency
Porter's value chain intends to....
Find competitive advantage in core rigidities
Asses what combination of creates value and which do not
Gather data on firms market position
Identify strengths, weakness, opportunities and threats
SWOT is an....
Narrow approach to internal analysis
Narrow approach to external analysis
Dynamic analysis
Broad approach to internal and external analysis
What is SWOT designed to determine?
Because of diminishing financial returns of internal resources companies should no longer...
Innovate internally at all
Outsource
Only innovate internally
Integrate resources
Which is NOT a point of resource integration?
Fitting new knowledge into an existing frame
Mutually beneficial combination of external and internal resources
Technological development
Internalisation
A gas and an electric company sharing a marketing department is an example of...
Modular integration
Stable integration
Resource integration
Dynamic integration
Dynamic integration is....
Purposeful selection of resources that are better sourced externally
Firms select and internalise resources without changing new combination
Process over time with the intention to continuously refresh between organisational members and external people
Agreements between two or more parties
NIH is a concept that stands for....
Not Invented here
No integration hindered
No innovation hindered
Non Imitable
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