Management Quiz

Which of the following is not reliable measure of how well a company’s current strategy is working?
A) Trends in the company’s sales and earning growth
B) The company’s development of human capital, organizational, capital, and information capital
C) Changes in the firms’ image and reputation with its customers
D) The company’s overall financial strength
E) Evidence of improvement in internal processes such as defect rate, order fulfillment and employee productively

A resource based strategy
a) is often based on cross department combinations of intellectual capital and expertise
b) uses a company’s valuable and rare resources and competitive capabilities to deliver value to customers that rivals have difficulty matching
c) is typically based on a standard alone resource strength such as technological expertise
d) refer to a company’s most efficiently executed value chain activity
e) uses industry key success factors to provide a company with a core competence that rivals cant effectively inmate

a resource based strategy
a) focuses on exploiting a company’s best executed operating strategy
b) is based upon efficient performance of the company’s primary value chain activities
c) concentrates on minimizing the costs associated with the design of a product or service
d) attempts to exploit resources in a manner that offers value to customers in ways rivals are unable to match
e) focuses on working with forward channel allies to develop capabilities to outmatch the capabilities of rivals

the common types of valuable resources and competitive capabilities that management should consider when crafting a strategy include:
a) a skill, specialized expertise, or competitively important capability
b) valuable physical and intangible assets
c) valuable human assets and intellectual capital
d) valuable organizational assets and competitively valuable alliances
e) all of these above

the competitive power of a company resource depend on
a) whether it helps differentiate a company’s product offering from the product offering of rival firms
b) whether the resource is really competitively valuable, if it is rare and something competitors lack, how hard it is to copy or imitate and how easily it can be trumped by the substitute resource strengths and competitive capabilities of rivals
c) whether customers are aware of the resource and view it positively enough to boost the company’s brand name reputation
d) whether the resource is something rivals are unable to perform if it is an important differentiating product or service feature , how strongly it contributes to the company’s brand image, and if it is the foundation of cost based advantage
e) whether the resource is technology based or based on superior marketing know how

the competitive power of a company resource or competitive capability hinges on
a) how hard it is for competitors to copy or imitate
b) whether it is rare and therefore something rivals lack
c) whether it is really competitively valuable
d) how easily it can be trumped by the substitute resources/capabilities of rivals
e) all of these

for a particular company resource to have meaningful competitive power and perhaps qualify as a basis for competitive advantage it should
a) be competitively important, hard for competitors to copy or imitate, rare and something rivals lack, and not be easily trumped by the substitute resources/capabilities of rivals
b) be something that a company does internally rather than in collaborative arrangements with outsiders
c) be patentable
d) be rooted in the company’s organizational capital, information capital, or human capital
e) have the potential for lowering the firms’ unit costs
Answer: http://homework.ecrater.com/p/19536219/hw-950-management-quiz