a firm's tangible resource includes which of the following?
Which of the following is a support activity? O - A firm's tangible resource includes which of the following? A) if the overall strategy of the firm is the same. Design and emergence strategies involve specific levels of the organization. Examples include all of the following except: A) negotiating and maintaining ongoing relations with regulatory bodies. Use the Kujawas expense summary to answer the question. A resource that is difficult to imitate, or create ready substitutes for is called, The VRIO criterion that determines whether a resource or capability is the source of, competitive advantage recognized that the firm must have the _______________ capability to. Other airlines could not replicate Southwests culture, regardless of how hard they might try, because of Southwests unusual history. Low cost Communicates to stakeholders the hierarchical corporate structure. C. physical resources, such as the company's brand, image, and reputation . c. Leading B) culture, tangible resources, intangible resources. In working through the decision tree, once a no is obtained, there is no need to continue through the tree. Do you believe most, You work for an organization that has traditionally been very formalized, and managers have had a very broad span of control over direct reports from multiple departments and functions. A firms tangible resource includes which of the following? C) organizational culture and leadership. Satisfying only one or two of the valuable, rare, difficult-to-imitate, organized to capture value criteria will likely only lead to competitive parity or a temporary advantage. accounting. : an American History (Eric Foner), The Methodology of the Social Sciences (Max Weber), Campbell Biology (Jane B. Reece; Lisa A. Urry; Michael L. Cain; Steven A. Wasserman; Peter V. Minorsky), Principles of Environmental Science (William P. Cunningham; Mary Ann Cunningham). True Straddling strategies as an approach to strategic management is not recommended for which reason: It is an attempt to gain competitive advantage based on overall lowcost provider of a product, Research shows that straddling strategies leads to confusion among managers about the, It is an indication that the firm's managers have not made necessary choices about the, According to Porter straddling strategies is recommended for narrow scope firms that have, The industry characteristics that make it very difficult for firms to achieve strategic competitiveness and. If yes, then Southwests culture is providing a sustained competitive advantage. False A firm's tangible resource includes which of the following? Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. Said differently, a firm that enjoys a dynamic capability is skilled at continually updating its array of capabilities to keep pace with changes in its environment. Industry characteristics of an attractive industry, one where firms may achieve strategic competitiveness and earn above-average returns includes which of the following? Supply of replacement parts is a _________activity. D. T or F A key benefit of Southwests culture is that it leads employees to treat customers well, which in turn creates loyalty to Southwest among passengers. In value chain analysis, the activities of an organization are divided into two major categories of value activities: primary and support. While resources refer to what an organization owns, capabilities refer to what the organization can do. The major diversification strategy through which products are produced that are technically similar to the company's current products but appeal to a new consumer group is: a. Concentric diversification What are original equipment manufacturers (OEMs)? B. productive inputs or competitive assets, except human assets and intellectual capital, which are considered capabilities or competencies. 3) Unique style. Strategic Ch. 4 Flashcards | Quizlet Because of this unusual history, other airlines could not replicate Southwests culture, regardless of how hard they might try. 12 Test Bank - Gould's Ch. Consider how Southwest Airliness organizational culture serves as a strategic resource. Capabilities are another key concept within resource-based theory. False False Please Explain, What is the relationship between enterprise information management and self-service portals? For firms such as Walgreen Co. (a chain of drugstores), information systems have been a source of competitive advantage by enabling them to. For a differentiation strategy to be effective, the product difference should NOT be, The different aspects of strategy as distinguished by Mintzberg include which of the, Firms pursuing a differentiation strategy are vulnerable to different competitive threats. B) financial resources, physical resources, and the capacity to combine intangible resources. & &\text{Amount}& \text{Amount}\\ Capabilities are needed to bundle, to manage, and otherwise to exploit resources in a manner that provides added value to customers and creates advantages over competitors. Expert Answer. O - The best strategies, corporate and business, are based on a thorough SWOT analysis, The intensity of industry competition and an industrys profit potential are a function of which of the following forces of competition? How should managers assess changes in their firm's competitive position in their industries during a period of unusual economic growth? Instead, a resource is strategic to the extent that it is valuable, rare, difficult to imitate, and organized to capture value. : B-Strat Ch. 3 Flashcards | Chegg.com Resources and capabilities are the basic building blocks that organizations use to create strategies. Maine has been described as the Saudi Arabia of water because its borders contain so much drinkable water. A firm's strategy includes which of the following: a. https://commons.wikimedia.org/wiki/File:Southwest_737_Lonestar_One.jpg, https://commons.wikimedia.org/wiki/File:The_VRIO_Framework_with_numbers.png, Next: 4.4 Intellectual Property & Isolating Mechanisms, Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. According to resource-based theory, organizations that own strategic resources have important competitive advantages over organizations that do not. the K-W test? A) Knowledge. (1984). Strategy formulation is an essential component of the POLC framework: a. Critical to the forming of competitive advantages, _______________ are often based on, developing, carrying, and exchanging information and knowledge through the firms human. All of the following except which example is a reason that relentless imitation can be a dangerous practice? Solved 11.- All of the following are tangible resources - Chegg \text{Fixed} \\ How can the members of an organization reach success doing that thing they do? ~~~~~\text{Furniture} & & 125.00 & 125.00\\ Instead, capabilities are needed to bundle, to manage, and otherwise to exploit resources in a manner that provides value added to customers and creates advantages over competitors. Bouncer Rapper Jailed,
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a firm's tangible resource includes which of the following?