Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

A company's resources and capabilities represent

02/11/2020 Client: arwaabdullah Deadline: 3 days

Essentials of Strategic Management
Evaluating a Company's Resources, Capabilities, and Competitiveness – CH4

.

1
Evaluating a company's resources and capabilities and competitive strength relative to its rivals using VRIN Tests does not include developing answers to which one of the following questions?
A)
Is the resource or capability rare?
B)
How good is the company's value chain?
C)
Is the resource or capability competitively valuable?
D)
Is the resource or capability inimitable or hard to copy?
E)
Is the resource or capability non-substitutable, or is it vulnerable to the threat of substitution from different types of resources and capabilities?


2
Which one of the following is not a good indicator of how well a company's present strategy is working?
A)
Whether it is achieving its stated financial and strategic objectives.
B)
Whether it is an above-average industry performer.
C)
Whether the firm's sales and earnings are increasing or decreasing.
D)
Whether the company's resource strengths and competitive capabilities outnumber its resource weaknesses and competitive vulnerabilities.
E)
The rate at which new customers are acquired and whether the company's overall financial strength is improving or on the decline.


3
Which one of the following groups of characteristics is least likely to represent valuable company resources or competitive capabilities?
A)
Physical resources — state-of-the-art manufacturing plants and equipment, efficient distribution facilities, attractive real estate locations, or ownership of valuable natural resource deposits.
B)
Larger workforce, longer time in business, lower profit margins, and smaller capital investment spend than rivals.
C)
Intangible resources such as a well-known brand name.
D)
Organizational resources — information and communication systems (servers, workstations, etc.), proven quality control systems, and strong network of distributors or retail dealers.
E)
Company culture — the norms of behavior, business principles, and ingrained beliefs within the company.


4
Which of the following statements is false?
A)
A dynamic capability is the ability to modify, deepen, or reconfigure the company's existing resources and capabilities in response to changes in the environment or market.
B)
A company's internal strengths should always serve as the basis for its strategy.
C)
Managers must look toward ing competitive weaknesses that make the company vulnerable, dampen profitability, or disqualify it from pursuing an attractive opportunity.
D)
Managers need to keep close track of how cost effectively the company can deliver value to customers relative to its competitors.
E)
None of the above.


5
Which of the following statements about market opportunity is ?
A)
Market opportunity is a big factor in shaping a company's strategy.
B)
Depending on the prevailing circumstances, a company's opportunities can be plentiful or scarce and can range from wildly attractive to unsuitable.
C)
In evaluating the attractiveness of a company's market opportunities, managers have to guard against viewing every industry opportunity as a suitable opportunity.
D)
Answers A and B.
E)
All of these.


6
A company that is at a disadvantage in the marketplace because it lacks competitively valuable resources possessed by rivals _______________
A)
should adopt a new competitive strategy that might better match the circumstances of the marketplace.
B)
should abandon strategy elements that have caused its weakness in the marketplace.
C)
should undertake efforts to develop a distinctive competence.
D)
is virtually blockaded from using offensive strategies and must rely on defensive strategies.
E)
nearly always is relegated to a trailing position in the industry.


7
A core competence _______________
A)
is a more durable company resource than a "distinctive competence."
B)
usually resides in a company's technology and physical assets (state-of-the-art plants and equipment, attractive real estate locations, modern distribution facilities, and so on) whereas a company competence usually resides in a company's human assets.
C)
is a capability that passes the "competitively valuable" test.
D)
is usually tied closely to the caliber of a company's manufacturing capability and/or its proprietary technology and know-how.
E)
is better suited to helping a company defend against external threats than in pursuing external market opportunities.


8
A distinctive competence _______________
A)
is a more important competitive asset than a core competence.
B)
is a competitively valuable capability that is performed with a very high level of proficiency.
C)
resides in people and in a company's intellectual capital and not in its assets on the balance sheet.
D)
is knowledge-based.
E)
All of the above.


9
SWOT analysis _______________
A)
is a simple but powerful tool for sizing up a company's internal strengths and competitive deficiencies, its market opportunities, and the external threats to its future well-being.
B)
is a tool for benchmarking whether a firm's strategy is closely matched to industry key success factors.
C)
reveals whether a company is competitively stronger than its closest rivals.
D)
examines the company's cost position activity by activity.
E)
is a competitive intelligence tool that discloses rivals' key weaknesses.


10
The industry or market opportunities that are most relevant to a company and those that its strategy should aim at capturing include _______________
A)
opportunities that are well-matched to the company's competitive capabilities and resource strengths.
B)
opportunities that the company has the financial resources to pursue.
C)
opportunities that offer important avenues for growth.
D)
opportunities where the company has the greatest potential for competitive advantage.
E)
All of the above.


11
Which of the following is not an example of an external threat to a company's future business prospects (see Table 4.2)?
A)
Mounting intensity of competition among industry rivals and costly new regulatory requirements.
B)
Having a weaker brand image than rivals and a smaller network of retailer dealers than rivals.
C)
Shifts in buyer needs and preferences away from using the industry's product.
D)
Vulnerability to unfavorable industry driving forces and adverse demographic changes that are likely to curtail demand for the industry's product.
E)
Growing bargaining power on the part of customers and/or suppliers.


12
Which of the following analytical tools are particularly useful for determining whether a company's prices and costs are competitive?
A)
SWOT analysis, strategy assessment, activity-based costing analysis, and key success factor analysis.
B)
SWOT analysis, competitive strength assessment, best practices analysis, and value chain analysis.
C)
Value chain analysis and benchmarking.
D)
Competitive position assessment, competitive strength assessment, strategic group mapping, SWOT analysis, and value chain analysis.
E)
SWOT analysis, best practices analysis, activity-based costing analysis, and competitive strength assessment.


13
A company's value chain consists of _______________
A)
the activities a company performs in converting its resource weaknesses into resource strengths.
B)
the collection of activities it performs in the course of designing, producing, marketing, delivering, and supporting its product or service.
C)
those activities a company performs that represent "best practices."
D)
the activities that a company performs in developing a distinctive competence.
E)
the activities that represent a company's competencies, core competencies, distinctive competencies, and competitive capabilities.


14
Benchmarking _______________
A)
is inherently unethical if it involves companies that are direct competitors because it involves gathering competitively sensitive information about the operations and costs of rivals.
B)
is not a valid tool for measuring the cost-effectiveness of an activity unless it is restricted to companies in the same industry.
C)
entails comparing how different companies perform various value chain activities and then making cross-company comparisons of the costs of these activities.
D)
loses much of its managerial usefulness if it is done with the aid of third-party organizations.
E)
entails calculating the costs of performing each of the primary and related support activities in a company's value chain.


15
A company's cost competitiveness is largely a function of _______________
A)
whether it does a good enough job of benchmarking its value chain activities against the value chains of competitors so that it knows exactly how low to drive its costs to be cost-competitive.
B)
how efficiently it manages its internally performed value chain activities and the costs in the value chains of its suppliers and forward channel allies.
C)
whether it does a better job of building its resource strengths more cost effectively than rivals.
D)
whether it possesses more core competencies and competitive capabilities than rivals.
E)
how closely its internally performed activities are linked to the activities performed by suppliers and to the activities performed by forward channel allies.


16
Strategic actions to reduce the costs of internally performed value chain activities and improve a company's cost competitiveness _______________
A)
can aim at lowering costs (1) in the suppliers' part of the industry value chain, (2) in a company's own internally performed activities, and/or (3) in the forward channel portion of the value chain.
B)
work best when they aim at lowering the costs of performing those tasks and activities where the company has core competencies and distinctive competencies.
C)
work best when aimed at increasing the amount of the company's low-cost competitive assets and decreasing the amount of its high-cost competitive assets.
D)
are likely to be most effective when they are aimed at lowering the costs of the value chain activities that a company performs internally.
E)
are most likely to be successful when they involve efforts to concentrate more company resources and talents on those value chain activities where the company already has the lowest costs.


17
Strategic actions to eliminate an internal cost disadvantage include _______________
A)
implementing the use of best practices.
B)
trying to eliminate some cost-producing activities by revamping the value chain.
C)
outsourcing high-cost activities to vendors capable of performing the activity more cheaply.
D)
investing in productivity-enhancing, cost-saving technology.
E)
All of these.


18
The options for attacking the high costs of items purchased from suppliers does not include which one of the following?
A)
Pressuring suppliers for more favorable prices.
B)
Integrating backward into the business of high-cost suppliers and making the item in-house so as to better control the cost.
C)
Switching to lower priced substitute inputs.
D)
Raising prices to customers (so as to cover the high costs).
E)
Collaborating closely with suppliers to identify mutual cost-saving opportunities.


19
Which one of the following is not something that can be learned from doing a competitive strength assessment?
A)
Identifying the competitive factors where a company is strongest and weakest vis-à-vis key rivals and the kinds of offensive/defensive actions the company can use to exploit its competitive strengths and reduce its competitive vulnerabilities.
B)
The extent to which a company's customer value proposition is superior to its rivals.
C)
Which of the rated companies is competitively strongest and what size competitive advantage it enjoys.
D)
Whether a company has a net competitive advantage or a net competitive disadvantage relative to key rivals (as indicated by the differences among the companies' competitive strength scores).
E)
Which rival company is competitively weakest and the areas where it is most vulnerable to competitive attack.


20
Identifying the strategic issues that company managers need to address _______________
A)
involves using the results of both industry and competitive analysis and evaluations of the company's internal situation using the VRIN tests.
B)
is facilitated by analysis of the company's cost structure and customer value proposition relative to its rivals.
C)
sets the agenda for deciding what actions to take next to improve the company's performance and business outlook.
D)
entails locking in on what challenges the company has to overcome in order to be financially and competitively successful in the years ahead.
E)
All of the above.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Grade Essay
Quality Homework Helper
Online Assignment Help
Top Writing Guru
Buy Coursework Help
Essay Writing Help
Writer Writer Name Offer Chat
Top Grade Essay

ONLINE

Top Grade Essay

Working on this platform from a couple of time with exposure of dynamic writing skills gathered with years experience on different other websites.

$62 Chat With Writer
Quality Homework Helper

ONLINE

Quality Homework Helper

Hi dear, I am ready to do your homework in a reasonable price.

$62 Chat With Writer
Online Assignment Help

ONLINE

Online Assignment Help

Hi dear, I am ready to do your homework in a reasonable price.

$55 Chat With Writer
Top Writing Guru

ONLINE

Top Writing Guru

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$60 Chat With Writer
Buy Coursework Help

ONLINE

Buy Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$62 Chat With Writer
Essay Writing Help

ONLINE

Essay Writing Help

I am a qualified and experienced Writer, Researcher, Tutor, analyst and Consultant. I hold MBA (Strategic Management) (Finance and Marketing) & CPA.K (Accounting and Finance.)

$62 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

3.725 kg in lb and oz - Charnwood council brown bin - Pre placement health questionnaire - Suppose you're consulting for a company that manufactures pc equipment - Who Makes Public Policy? - Daniel o donnell fan mail address - Average value of a function and 2nd fund thm homework - A head start currumbin - Steps to lighting a bunsen burner - HSA5400-Deliverable 6 – Preparing an Operating Budget-Memo and Excel Spreadsheet - Diversity in early care and education honoring differences 5th edition - Daniell cell half equations - Design thinking workshop ppt - Pharmacology and Teaching Plan Mini-Presentation - Bupa 717 bourke street - Content writing - Dramatic hip hop instrumental rebel america inc - Rolls-royce silver spirit wiring diagrams - 11/1/2020 - Selling the farm barry estabrook summary - Toyota corporate social responsibility - Blue frog 2 energy drink - Be a leader not a follower essay - Atp cp system in basketball - Key performance measure - Rights and responsibilities lens - The american dream dead alive or on hold pdf - How to win erpsim game - Fresenius kabi infusion pump user manual - Hematologic Disorder - Redken inner secret perm directions - Gen 499 week 3 assignment - Seamus heaney triptych poem - The firm movie ethical issues - Timberline Health - How to make 1x tbe buffer from 10x - Billion scale commodity embedding for e commerce recommendation in alibaba - John maxwell 5 levels of leadership book - Nutrition discussion - Cdcs exam questions pdf - Preparation of buffer solution lab - Ey analytics mindset - Intel core i7 8xx lynnfield core - Why students should be allowed to have phones in school - What ingredients in energy drinks contribute to body repair - Year 5 maths curriculum victoria - Active Reading - Saved Search Notes - Software for hp deskjet 2510 - Single phase motor soft starter - Sociology - Prentice hall online textbook - Acute disease effect score - Introduction to the practice of statistics 9th edition pdf - Cindy paulson where is she now - Humanity argumentative essay on Bacon, Luther or Machiavelli - Global marketing pearson 9th edition pdf - Detailed Architectural Analysis on Dubai's Museum of the Future - 7-2 Milestone - Order 2339646: Special Ed Case Study & Rationale - The project manager's guide to mastering agile pdf free download - John mayer steve jobs - University of virginia health system case study solution - Spring snow crabapple tree fall color - Presto pixar plot diagram - ERM - Discussion 3 - Ancient grudge romeo and juliet meaning - Poems about the four elements - SElf Harm - Dnai org d index html - How to find lcm using euclidean algorithm - Deep purple band members - Discussion: Searching Databases - Which is the last step in developing the master budget - Grapes of wrath intercalary chapters - Olinuris library cornell edu ref research webcrit html - The train from hate - Write a essay - Ethical Hacking.3 papers (200-250 words) - Ethics - Lenscrafters operational management challenges - The scarlet letter 5 paragraph essay - Left neglected book club discussion questions - Bad sam module symptoms - Linux native file system - Project management simulation delphi - Road rules theory test - Daniel glaser chairman of the college of san antonio - Shell helix ultra extra - Modern romeo and juliet - In its physical inventory count at its February 28, 2017, year end, the Orange Sprocket Corporation included inventory - Moral status of a fetus - Blue cloud gets agile case study - Truth in sentencing debate - Alpha decay equations worksheet - Social psychology 9th edition by elliot aronson pdf - The odd couple play monologue - Global strategy matrix - Need help! due in 3 hours! - The copper pipe has an outer diameter of - The Presentation