Core Competencies are the skills and abilities by which Resources are deployed through a Firm’s activities and processes to enable the Company to ----------- : A. Survive B. Survive using approaches & techniques that others cannot imitate or acquire C. Achieve Competitive Advantage in ways others cannot imitate D. Achieve superior position

Core Competencies are the skills and abilities by which Resources are
deployed through a Firm’s activities and processes to enable the Company to
----------- :
 A. Survive
 B. Survive using approaches & techniques that others cannot imitate or
acquire
 C. Achieve Competitive Advantage in ways others cannot imitate
 D. Achieve superior position
by

1 Answer

Answer :

Achieve Competitive Advantage in ways others cannot imitate
by

Related questions

Dynamic capabilities refer to: a) the firm's ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environmentsb) the link between subsidiary resource and multinational firm's competitive advantage in global markets. c) the firm's dynamic capability to find resources that are valuable, rare, difficult to imitate and can be exploited by the organization. d) the combination of individual technologies and production skills that underlie a company's multiple production lines and critically underpin the firm's competitive advantage.

Description : Dynamic capabilities refer to: a) the firm's ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environments. b) the link between ... underlie a company's multiple production lines and critically underpin the firm's competitive advantage

Last Answer : the firm's ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environments.

The VRIO framework can be used to identify: a) a firm's resources and external opportunities. b) the organizational structure of multinational firms. c) a firm's technical resources. d) a firm's core competencies

Description : The VRIO framework can be used to identify: a) a firm's resources and external opportunities. b) the organizational structure of multinational firms. c) a firm's technical resources. d) a firm's core competencies

Last Answer : a firm's core competencies

Various Organizational routines & processes that determines how efficiently and effectively the Organization transforms it’s inputs into outputs is called: A. Strength B. Core Competencies C. Capabilities D. Customer Value

Description : Various Organizational routines & processes that determines how efficiently and effectively the Organization transforms it’s inputs into outputs is called: A. Strength B. Core Competencies C. Capabilities D. Customer Value

Last Answer : Core Competencies

It is generally agreed that the central role of strategy is to Select one: a. Achieve competitive advantage. b. Make best use of resources. c. Make the best products and service d. Make profits for the company

Description : It is generally agreed that the central role of strategy is to Select one: a. Achieve competitive advantage. b. Make best use of resources. c. Make the best products and service d. Make profits for the company

Last Answer : Achieve competitive advantage.

From the point of view of international business, an organization that enjoys competitive advantage in an industry has done so by: A. Focusing on long-term profit. B. Charging lower prices than competition. C. Creating superior value for customers. D. Constantly enlarging its marketing activities.

Description : From the point of view of international business, an organization that enjoys competitive advantage in an industry has done so by: A. Focusing on long-term profit. B. Charging lower prices than competition. C. Creating superior value for customers. D. Constantly enlarging its marketing activities.

Last Answer : Creating superior value for customers.

What are some ways to achieve innovation for large concerns that improve a firm's competitive advantage?

Description : What are some ways to achieve innovation for large concerns that improve a firm's competitive advantage?

Last Answer : Google has a slogan “Don’t Be Evil” and they try to live by it.

The Strategic Management Process is ------------- : A. A set of activities that is guaranteed to prevent Organizational failure B. A process concerned with a Firm’s Resources, Capabilities & Competences but not the conditions in it’s external environment C. A set of activities that to-date have not been used successfully in the not-for-profit sector D. A dynamic process involving the full set of commitments, decisions and actions related to the Company

Description : The Strategic Management Process is ------------- : A. A set of activities that is guaranteed to prevent Organizational failure B. A process concerned with a Firm's Resources, ... D. A dynamic process involving the full set of commitments, decisions and actions related to the Company

Last Answer : A dynamic process involving the full set of commitments, decisions and actions related to the Company

Porter’s notion of a differentiation strategy is best described as one in which firms seek a competitive advantage…. A. Through achieving a match between their internal and external environments. B. Through having a lower cost than their competitors. C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness

Description : Porter's notion of a differentiation strategy is best described as one in which firms seek a competitive advantage . A. Through achieving a match between their internal and external ... competitors. C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness

Last Answer : Through establishing their uniqueness

Porter’s notion of a differentiation strategy is best described as one in which firms seek a competitive advantage…. A. Through achieving a match between their internal and external environments. B. Through having a lower cost than their competitors. C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness.

Description : Porter's notion of a differentiation strategy is best described as one in which firms seek a competitive advantage . A. Through achieving a match between their internal and external environments ... . C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness.

Last Answer : Through establishing their uniqueness.

Competitive view of strategy looks at_____________ ? A. Industry Analysis B. Competencies C. VRIO D. All the above

Description : Competitive view of strategy looks at_____________ ? A. Industry Analysis B. Competencies C. VRIO D. All the above

Last Answer : Industry Analysis

Imitability of resources, capabilities & competencies are linked with how far they are: Select one: a. All of these b. Transparent c. Replicable d. Transferable

Description : Imitability of resources, capabilities & competencies are linked with how far they are: Select one: a. All of these b. Transparent c. Replicable d. Transferable

Last Answer : Replicable

The concept of core competencies was originally devised by: Select one: a. Michael E. Porter b. C. K. Prahalad and Gary Hamel c. John Dunning and John Child d. Jay B. Barney

Description : The concept of core competencies was originally devised by: Select one: a. Michael E. Porter b. C. K. Prahalad and Gary Hamel c. John Dunning and John Child d. Jay B. Barney

Last Answer : C. K. Prahalad and Gary Hamel

Anything the Firm does especially well compared to rival Firms could be considered a Competitive Advantage

Description : Anything the Firm does especially well compared to rival Firms could be considered a Competitive Advantage

Last Answer : True

The Diamond Model suggests that four factors determine a firm's competitive advantage: a) 1) home demand conditions; 2) home supply conditions; 3) firm strategy and structure; 4) supporting industriesb) 1) home demand and factor conditions; 2) firm strategy, structure and rivalry; 3) related industries; 4) supporting industries.c) 1) home demand conditions; 2) home factor conditions; 3) firm strategy, structure and rivalry; 4) related and supporting industries.d) 1) home demand conditions; 2) home supply; 3) firm strategy; 4) related andsupporting industries.

Description : The Diamond Model suggests that four factors determine a firm's competitive advantage: a) 1) home demand conditions; 2) home supply conditions; 3) firm strategy and structure; 4) supporting ... home demand conditions; 2) home supply; 3) firm strategy; 4) related and supporting industries.

Last Answer : home demand conditions; 2) home factor conditions; 3) firm strategy, structure and rivalry; 4) related and supporting industries

The Diamond Model assumes that: a) Multinational firms must develop global strategies based only on home demand conditions. b) Multinational firms must pay less attention to global consumers than domestic consumers. c) The national home base of a firm must be the biggest market for a multinational firm. d) The national home base of a firm plays a key role in shaping that firm's competitive advantage in global markets.

Description : The Diamond Model assumes that: a) Multinational firms must develop global strategies based only on home demand conditions. b) Multinational firms must pay less attention to global consumers than domestic ... a firm plays a key role in shaping that firm's competitive advantage in global markets.

Last Answer : The national home base of a firm plays a key role in shaping that firm's competitive advantage in global markets.

What is meant by focused differentiation? A. Providing a high perceived value service or product to a selected market segment that justifies a substantial price premium B. Simultaneously seeking to achieve differentiation and a price lower than that of competitors C. Concentrating on a particular feature of a product or service to achieve differentiation D. Concentrating on differentiation as the primary means of achieving competitive advantage

Description : What is meant by focused differentiation? A. Providing a high perceived value service or product to a selected market segment that justifies a substantial price premium B. ... differentiation D. Concentrating on differentiation as the primary means of achieving competitive advantage

Last Answer : Providing a high perceived value service or product to a selected market segment that justifies a substantial price premium

What is meant by focused differentiation? A. Providing a high perceived value service or product to a selected market segment that justifies a substantial price premium B. Simultaneously seeking to achieve differentiation and a price lower than that of competitors C. Concentrating on a particular feature of a product or service to achieve differentiation D. Concentrating on differentiation as the primary means of achieving competitive advantage

Description : What is meant by focused differentiation? A. Providing a high perceived value service or product to a selected market segment that justifies a substantial price premium B. ... differentiation D. Concentrating on differentiation as the primary means of achieving competitive advantage

Last Answer : Providing a high perceived value service or product to a selected market segment that justifies a substantial price premium

Competitive advantage based on the creation of opportunities using internal resources is characterized by which approach/view? a) The positioning approach b) The outside-in approachc) The resource-based viewd) The knowledge-management approach

Description : Competitive advantage based on the creation of opportunities using internal resources is characterized by which approach/view? a) The positioning approach b) The outside-in approach c) The resource-based view d) The knowledge-management approach

Last Answer : The resource-based view

Functional benchmarking involves: a) benchmarking your competitors. b) benchmarking global competitors in your industry. c) benchmarking organizations with regards to specific business activities or processes. d) benchmarking other multinational firms with similar corporate strategies or similar customers

Description : Functional benchmarking involves: a) benchmarking your competitors. b) benchmarking global competitors in your industry. c) benchmarking organizations with regards to specific business activities ... d) benchmarking other multinational firms with similar corporate strategies or similar customers

Last Answer : benchmarking organizations with regards to specific business activities or processes

Firm that operate internationally are able to A. earn a greater return from their skills and core competencies B. realize location economies where they can be performed most efficiently C. realize greater experience curve economies, which reduces the cost of production D. All the above

Description : Firm that operate internationally are able to A. earn a greater return from their skills and core competencies B. realize location economies where they can be performed most efficiently C. realize greater experience curve economies, which reduces the cost of production D. All the above

Last Answer : All the above

International strategic options can be derived, from a consideration of geographical dispersion or concentration of various activities and.... A. Degree of international co-ordination B. Degree of Political Stability C. Degree of Competitive Advantage D. None of the above

Description : International strategic options can be derived, from a consideration of geographical dispersion or concentration of various activities and.... A. Degree of international co-ordination B. Degree of Political Stability C. Degree of Competitive Advantage D. None of the above

Last Answer : Degree of international co-ordination

Which source of power is based on an individual's knowledge, special skills, abilities, or previous experience? (a) Referent power ; (b) Expert power ; (c) Referent power ; (d) Legitimate power

Description : Which source of power is based on an individual's knowledge, special skills, abilities, or previous experience? (a) Referent power ; (b) Expert power ; (c) Referent power ; (d) Legitimate power 

Last Answer : (b) Expert power ; 

Which of these is NOT a reason why some Firms do no Strategic Planning ? A. Company is Lazy B. Competitive Leadership C. Honest difference of opinion D. Poor reward structure

Description : Which of these is NOT a reason why some Firms do no Strategic Planning ? A. Company is Lazy B. Competitive Leadership C. Honest difference of opinion D. Poor reward structure

Last Answer : Competitive Leadership

Reputation' in the context of an organization's resources can provide competitive advantage because: a) It is difficult to copy b) It is based on word-of-mouth c) It is a threshold resource d) It is explicit

Description : Reputation' in the context of an organization's resources can provide competitive advantage because: a) It is difficult to copy b) It is based on word-of-mouth c) It is a threshold resource d) It is explicit

Last Answer : It is difficult to copy

Competitive advantage can best be described as : A. Increased Efficiency B. What sets an Organization apart C. A strength of the organization D. Intangible Resources

Description : Competitive advantage can best be described as : A. Increased Efficiency B. What sets an Organization apart C. A strength of the organization D. Intangible Resources

Last Answer : Increased Efficiency

What term is used for an Organization’s abilities to renew and recreate it’s strategic Capabilities to meet the needs of a changing Environment ? A. Competent Substitution B. Core Competency C. Renewability D. Dynamic Capabilities

Description : What term is used for an Organization’s abilities to renew and recreate it’s strategic Capabilities to meet the needs of a changing Environment ? A. Competent Substitution B. Core Competency C. Renewability D. Dynamic Capabilities

Last Answer : Dynamic Capabilities

Mention any five teaching techniques that you will prefer using in your language teaching class. What is the reason of your choice What are some of the associated language skills, benefits, learning goals and approaches?

Description : Mention any five teaching techniques that you will prefer using in your language teaching class. What is the reason of your choice What are some of the associated language skills, benefits, learning goals and approaches?

Last Answer : playwrights

The value chain activities by which the firm is regarded as a better performer, are known as: A. Core competences B. Corporate competences C. Personal competences D. Core resources

Description : The value chain activities by which the firm is regarded as a better performer, are known as: A. Core competences B. Corporate competences C. Personal competences D. Core resources

Last Answer : Core competences

The value chain activities by which the firm is regarded as a better performer, are known as: A. Core competences B. Corporate competences C. Personal competences D. Core resources

Description : The value chain activities by which the firm is regarded as a better performer, are known as: A. Core competences B. Corporate competences C. Personal competences D. Core resources

Last Answer : Core competences

Once a Company acquires a competitive advantage, they are usually able to sustain the competitive advantage indefinitely

Description : Once a Company acquires a competitive advantage, they are usually able to sustain the competitive advantage indefinitely

Last Answer : False

What is the most important criterion for selecting an alliance partner? a) Alliance partner must help the company towards a competitive advantage. b) Alliance partner must be a multinational firm with a global market presence. c) Alliance partner must come from the same culture. d) Alliance partner must have similar assets.

Description : What is the most important criterion for selecting an alliance partner? a) Alliance partner must help the company towards a competitive advantage. b) Alliance partner must be a multinational firm with ... Alliance partner must come from the same culture. d) Alliance partner must have similar assets.

Last Answer : Alliance partner must help the company towards a competitive advantage.

In the context of strategic management resources can be defined as: a) The knowledge and skills within the organization b) Something that an organization owns or controls that cannot be copied c) Something that an organization owns, controls or has access to on a semipermanent basis d) The physical assets of the organization

Description : In the context of strategic management resources can be defined as: a) The knowledge and skills within the organization b) Something that an organization owns or controls that cannot be copied c) ... , controls or has access to on a semipermanent basis d) The physical assets of the organization

Last Answer : Something that an organization owns, controls or has access to on a semipermanent basis

Global economies of scale arise when: a) a product or a process can be globally performed using cheap labour. b) a product or a process can be performed more cheaply thanks to alliances with multinational firms in other sectors. c) a product or a process can be performed more cheaply at greater volume than at lesser volume. d) a product or a process can be performed more cheaply thanks to globally performed cross-business cost-saving activities.

Description : Global economies of scale arise when: a) a product or a process can be globally performed using cheap labour. b) a product or a process can be performed more cheaply thanks to alliances ... a process can be performed more cheaply thanks to globally performed cross-business cost-saving activities.

Last Answer : a product or a process can be performed more cheaply at greater volume than at lesser volume.

This passage may be summarized as (1) In career planning, it is important to involve oneself in cultural/sports activities as much as working hard or acquiring new skills.' (2) ‘Before making a career choice, one should learn to prioritize career options and use one's personality, interests, abilities, aspirations, strengths and weaknesses to plan and decide the most viable option. (3) ‘In choosing a career, it is important n o t to allow anyone to tell us that we are good for nothing, because our personality, interests, abilities, aspirations, strengths and weaknesses will help us decide the most viable career options for ourselves.' (4) ‘A good career choice results when you follow traditional professions and move along a well-planned path.

Description : This passage may be summarized as (1) In career planning, it is important to involve oneself in cultural/sports activities as much as working hard or acquiring new skills.' (2) Before ... A good career choice results when you follow traditional professions and move along a well-planned path.

Last Answer : (2) ‘Before making a career choice, one should learn to prioritize career options and use one's personality, interests, abilities, aspirations, strengths and weaknesses to plan and decide the most viable option

Career planning is an activity that requires (1) analysing one's personality, interests, abilities, aspirations, strengths and weaknesses. (2) working hard at your studies, acquiring new skills as you move along in life and involving yourself in cultural/sports activities. (3) following three important steps in consultation with one's career counsellor, and making a plan that may work. (4) understanding and being aware of the fact that whatever the consequences of one's planning the truth a about as king a plan is that it may not work

Description : Career planning is an activity that requires (1) analysing one's personality, interests, abilities, aspirations, strengths and weaknesses. (2) working hard at your studies, acquiring new skills as you move along in ... of one's planning the truth a about as king a plan is that it may not work

Last Answer : (1) analysing one's personality, interests, abilities, aspirations, strengths and weaknesses.

Select the most accurate statement. Value is ----------- : A. Means value for money B. Is best described as the benefits the business chooses to give to customers through it’s products / services C. Is the benefits of a product / service as perceived by the customer D. Does not offer competitive advantage

Description : Select the most accurate statement. Value is ----------- : A. Means value for money B. Is best described as the benefits the business chooses to give to customers through it's ... Is the benefits of a product / service as perceived by the customer D. Does not offer competitive advantage

Last Answer : Is the benefits of a product / service as perceived by the customer

Which of these is not a reason why some firms do no strategic planning? a. Laziness b. Competitive leadership c. Honest difference of opinion d. Poor reward structures

Description : Which of these is not a reason why some firms do no strategic planning? a. Laziness b. Competitive leadership c. Honest difference of opinion d. Poor reward structures

Last Answer : Competitive leadership

------------- are the Resources, Skills and other advantages a Company enjoys relative to it’s competitors : A. Weaknesses B. Strengths C. Threats D. Opportunities

Description : ------------- are the Resources, Skills and other advantages a Company enjoys relative to it’s competitors : A. Weaknesses B. Strengths C. Threats D. Opportunities

Last Answer : Strengths

________________ is a set of competitive moves to achieve organizational objectives? A. Competitive Analysis B. Strategy C. Management D. None of the above

Description : ________________ is a set of competitive moves to achieve organizational objectives? A. Competitive Analysis B. Strategy C. Management D. None of the above

Last Answer : Strategy

What is NOT a ‘Critical Tasks of Strategic Management? A. Formulate the company’s mission B. Select a set of short-term objectives that will achieve the most desirable results C. Conduct an internal analysis D. Assess the external environment – competitive and general contexts

Description : What is NOT a ‘Critical Tasks of Strategic Management? A. Formulate the company’s mission B. Select a set of short-term objectives that will achieve the most desirable results C. Conduct an internal analysis D. Assess the external environment – competitive and general contexts

Last Answer : Select a set of short-term objectives that will achieve the most desirable results

What is NOT a ‘Critical Tasks of Strategic Management? A. Formulate the company’s mission B. Select a set of short-term objectives that will achieve the most desirable results C. Conduct an internal analysisD. Assess the external environment – competitive and general contexts

Description : What is NOT a ‘Critical Tasks of Strategic Management? A. Formulate the company’s mission B. Select a set of short-term objectives that will achieve the most desirable results C. Conduct an internal analysis D. Assess the external environment – competitive and general contexts

Last Answer : Select a set of short-term objectives that will achieve the most desirable results

__________ is the process of using the resources and personnel of an organization in an orderly way to achieve the objectives and long-term goals of the organization. (a) Planning ; (b) Organizing ; (c) Leading ; (c) Controlling

Description : __________ is the process of using the resources and personnel of an organization in an orderly way to achieve the objectives and long-term goals of the organization. (a) Planning ; (b) Organizing ; (c) Leading ; (c) Controlling 

Last Answer : (b) Organizing ;

---------- is a limitation or deficiency in Resources , Skills & Capabilities that seriously impede effective performance : A. Strengths B. Threats C. Opportunities D.Weakness

Description : ---------- is a limitation or deficiency in Resources , Skills & Capabilities that seriously impede effective performance : A. Strengths B. Threats C. Opportunities D.Weakness

Last Answer : Weakness

This strategy develops over time, through everyday routines, activities and processes that may not be directly related to strategy development. A. Intended strategy B. Realized strategy C. Emergent strategy D. None of these options are valid

Description : This strategy develops over time, through everyday routines, activities and processes that may not be directly related to strategy development. A. Intended strategy B. Realized strategy C. Emergent strategy D. None of these options are valid

Last Answer : Emergent strategy

This strategy develops over time, through everyday routines, activities and processes that may not be directly related to strategy development. A. Intended strategy B. Realized strategy C. Emergent strategy D. None of these options are valid.

Description : This strategy develops over time, through everyday routines, activities and processes that may not be directly related to strategy development. A. Intended strategy B. Realized strategy C. Emergent strategy D. None of these options are valid.

Last Answer : Emergent strategy

One of the principal advantage of object oriented programming techniques over procedural programming techniques is that they enable programmers to create ______that do not need tobe changed when a new type of object is added:a) Networksb) Modulesc) Data Slatesd) None of These

Description : One of the principal advantage of object oriented programming techniques over procedural programming techniques is that they enable programmers to create ______that do not need to be changed when a new type of object is added: a) Networks b) Modules c) Data Slates d) None of These

Last Answer : b) Modules

Market requirements describe the A)customer needs or desired benefits. B)size of the market necessary to justify expenditures. C)events and relationships in a company's outside environment. D)key requirements of a market and the particular competencies of competing firms. E)distinctive competencies that a firm has developed.

Description : Market requirements describe the A)customer needs or desired benefits. B)size of the market necessary to justify expenditures. C)events and relationships in a company's outside environment. ... and the particular competencies of competing firms. E)distinctive competencies that a firm has developed.

Last Answer : A)customer needs or desired benefits.

The major benefit of having employees participate in goal setting is: (a) That it provides the company with greater financial stability. (b) That it appears to induce employees to accomplish more difficult goals and tasks. (c) That it takes less time and resources to implement this type of system. (d) That it provides more time for management to pursue other activities.

Description : The major benefit of having employees participate in goal setting is: (a) That it provides the company with greater financial stability. (b) That it appears to induce employees to accomplish more difficult ... type of system. (d) That it provides more time for management to pursue other activities.

Last Answer : (b) That it appears to induce employees to accomplish more difficult goals and tasks.  

According to the text, cost tradeoffs enable firms to A)resolve pricing conflicts among competitors. B)minimise risk during the test marketing of new products. C)reduce costs of all distribution functions simultaneously. D)resolve pricing conflicts within marketing channels. E)combine resources for greatest cost -effectiveness.

Description : According to the text, cost tradeoffs enable firms to A)resolve pricing conflicts among competitors. B)minimise risk during the test marketing of new products. C)reduce costs of all ... . D)resolve pricing conflicts within marketing channels. E)combine resources for greatest cost-effectiveness.

Last Answer : E)combine resources for greatest cost-effectiveness.