Exam Prep Ch5 The Internal Environment A Resource-Based View - Strategic Mgmt 4e | Updated Test Bank Henry by Anthony E. Henry. DOCX document preview.
Chapter 5: The Internal Environment: A Resource-Based View of Strategy
Test Bank
Type: multiple choice question
Title: Chapter 05 Question 01
1) The resource-based view of the firm has which of the following points of view?
a. That competitive advantage derives from being in the right industry with the right generic strategy
b. The outside-in
c. That competitive advantage derives from within the organization
d. That structure determines performance
Type: multiple choice question
Title: Chapter 05 Question 02
2) The industry view of firm performance is illustrated by which of the following?
a. Structure-conduct-performance
b. Inside-out approach
c. Conduct-performance-structure
d. Resource-based view
Type: multiple response question
Title: Chapter 05 Question 03
3) Which of the following statements describes ‘tacit’ knowledge? Please select all that apply.
Type: fill-in-blank
Title: Chapter 05 Question 04
4) A methodological problem inherent in trying to add weight to the resource-based view of the firm is that many resources are tacit and intangible and therefore cannot be easily ______________.
Type: true-false
Title: Chapter 05 Question 05
5) Organizational culture can be described as an intangible resource.
a. True
b. False
Type: true-false
Title: Chapter 05 Question 06
6) A competence confers competitive advantage.
a. True
b. False
Type: true-false
Title: Chapter 05 Question 07
7) Prahalad and Hamel (1990) pointed out that some corporations treat their corporation as a portfolio of discrete businesses. They referred to this as ‘the tyranny of the SBU’.
a. True
b. False
Type: fill-in-blank
Title: Chapter 05 Question 08
8) The term ______________can be used in place of the term “core competences”.
Type: fill-in-blank
Title: Chapter 05 Question 09
9) For a distinctive capability to be ________________ it must persist over time.
Type: fill-in-blank
Title: Chapter 05 Question 10
10) For a distinctive capability to be ____________ it needs to primarily benefit the organization which holds the capability, rather than its employees, its customers, or its competitors.
Type: multiple choice question
Title: Chapter 5 Question 11
11) An organization’s architecture comprises of:
a. Relational contracts that exist within and outside the organization.
b. The physical assets of the organization.
c. The organizational structure of the organization.
d. The ownership structure of the organization.
Type: fill-in-blank
Title: Chapter 05 Question 12
12) Kay (1993:69) stated ‘________________ does not create extraordinary organizations by collecting extraordinary people. It does so by enabling very ordinary people to perform in extraordinary ways’.
Type: multiple response question
Title: Chapter 5 Question 13
13) Reputation could be a source of distinctive capability in markets:
Type: true-false
Title: Chapter 05 Question 14
14) An organization’s ability to innovate successfully is also a source of distinctive capability for sustainability
a. True
b. False
Type: multiple response question
Title: Chapter 5 Question 15
15) What three conditions allow distinctive capability to be unreproducible: please select all that apply.
Type: fill-in-blank
Title: Chapter 05 Question 16
16) Firm A has a machine that machine knits jumpers very cheaply. Firm B employs labour in China that can hand knit jumpers for the same price. Firm B has a _____________________ resource.
Type: multiple choice question
Title: Chapter 05 Question 17
17) For a resource to be considered ‘strategic’, it must meet four criteria. These are value, difficult to imitate, rare and…
a. Difficult to copy
b. Difficult to find
c. Difficult to substitute
d. Difficult to patent
Type: multiple response question
Title: Chapter 5 Question 18
18) An organization’s competitive advantage can be sustained when:
Type: multiple response question
Type: fill-in-blank
Title: Chapter 05 Question 20
20) If it is difficult to establish cause and effect, i.e. why something happened, this is known as _________________.
Type: true-false
Title: Chapter 05 Question 21
21) If it is known why an organization is successful at a particular activity, it is easy for a competitor to imitate that activity.
a. True
b. False
Type: true-false
Title: Chapter 05 Question 22
22) British Airways outsources its in-flight catering. This is a reasonable thing to do because BA does not have a core competence in catering.
a. True
b. False
Type: multiple response question
Title: Chapter 05 Question 23
23) The resource-based view of the firm has received some criticism. Which of the following statements are criticisms? Please select all that apply.
Type: multiple response question
Type: multiple choice question
Title: Chapter 05 Question 25
25) If a company has ‘leveraged’ its knowledge, it means it has:
a. Written it down
b. Protected it
c. Made best use of it
d. Sold it to another company
Type: multiple choice question
Title: Chapter 05 Question 26
26) The most difficult type of knowledge to transfer is:
a. Codified knowledge
b. Explicit knowledge
c. Tacit knowledge
d. Technical knowledge
Type: multiple response question
Title: Chapter 05 Question 27
27) In a turbulent environment, firms have to survive and grow by:
Type: multiple response question
Type: true-false
Title: Chapter 05 Question 29
29) Sidney Winter argues that the value of dynamic capabilities is endorsed by all strategy scholars.
a. True
b. False
Type: multiple response question
Title: Chapter 05 Question 30
30) Distinction between dynamic and operational capabilities is actually difficult to define for reasons such as: please select all that apply.
Type: true-false
Title: Chapter 05 Question 31
31) One reason for the plethora of confusion that still resides within the dynamic capabilities framework is that key participants remain divided on crucial conceptual issues.
a. True
b. False