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56.
Which of the following best explains why IBM has been able to maintain its competitive
advantage?
57.
_____ describes a situation in which the cause and effect of a phenomenon are not readily
apparent.
58.
How does causal ambiguity act as an isolating mechanism for organizations?
59.
Competitors have found it extremely difficult to imitate Gene Electronics Inc.'s valuable
resources, capabilities, or competencies. This is primarily because the source for the
company's success has been unclear. The competitors are uncertain if Gene Electronics
Inc.'s success is due to its strong leadership, the skills of its research and development
team, or the timing of the company' s product introductions. Gene Electronics Inc. has
been protected from losing its competitive advantage as a result of
60.
Value Autos Inc. has been trying to directly copy the strategies of Honk Autos Inc. Even
though it is evident that Honk Autos Inc.'s success comes from its just-in-time inventory
system, Value Autos Inc. has not been able to effectively apply the system in the same
way. This is because the organizational structures, employees, cultures, and the overall
business systems of both the companies vary from each other. Which of the following
barriers to imitation does this scenario best illustrate?
61.
When evaluating the sustainability of a firm's competitive advantage, which of the
following statements is
not
true?
62.
It is difficult even for Apple's managers to pinpoint the underlying cause of the company's
phenomenal success. The term that best applies to this difficulty is known as
63.
An observer may conclude that the organizational culture of Zappos, an online retailer for
shoes and clothing, might be the basis for its competitive advantage. However, reverse
social engineering to crack Zappos' code of success might be much more difficult for a
company trying to exactly imitate its strategy. Thus, the source of Zappos competitive
advantage is said to be
64.
_____ describes a firm's ability to create, deploy, modify, reconfigure, upgrade, or leverage
its resources over time in its quest for competitive advantage.
65.
A firm will fail to create a sustained competitive advantage when the
66.
According to the _____, competitive advantage is the outflow of a firm's ability to modify
and leverage its resource base in a way that enables it to gain and sustain competitive
advantage in a constantly changing environment.
67.
Given the accelerated pace of technological change, in combination with deregulation,
globalization, and demographic shifts, a firm will only be successful today if its
68.
Which of the following statements fails to bring out the essence of the dynamic
capabilities perspective?
69.
Onyxo Inc., a consumer electronics company, is the leading manufacturer of LCD
televisions. LCD technology has been its core competency and the company holds 80
percent shares in that market. However, Onyxo Inc.'s competitors have now moved on to
advance technologies like LED and 3-D televisions. According to the dynamic capabilities
perspective, what should Onyxo Inc. do?
70.
Which of the following resources is a firm's resource stock?
71.
Which of the following statements accurately describes a firm's resource stock?
72.
GreenHarvest Inc. has used $350,000 from its total annual earnings of $1,250,000 to invest
in the research and development of a multi-purpose vaccine. Its account receivable from
customers is estimated to be $150,000 and accounts payable $80,000. In monetary terms,
what would GreenHarvest Inc.'s resource flows be?
73.
Which of the following statements accurately describes a firm's resource flow?
74.
Which of the following is an implication of high employee turnover in a company?
75.
Several senior managers recently left Bass Automobile Inc. and went to work at Unicorn
Autos Inc., a rival company. What does this imply?
76.
The value chain describes the
77.
According to the value chain analysis, which of the following is a primary activity?
78.
Chat Zone Inc., a telecommunication company, had been drastically losing its market
share due to tough competition in the industry. The management hired a reputed
consulting firm to advice the company. The experts from the consulting firm pointed out
that the company primarily lost out on its competitive advantage due to its tedious internal
policies and procedures. These ineffective policies and procedures made the company
operations, marketing, and after-sales service inefficient. Chat Zone Inc. can best solve its
problem by working on its
79.
In a generic value chain, a firm's after-sales service will be referred to as its _____.
80.
To help a firm achieve a competitive advantage, each distinct activity performed in the
value chain needs to
81.
_____ allows managers to synthesize insights obtained from an internal analysis of a
company's strengths and weaknesses with those from an analysis of external
opportunities and threats.
