Chapter 2 & 3 Flashcards

1
Q

What are constructs?

A

Measureable variables.

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2
Q

What are Relationships?

A

Association between variables.

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3
Q

When is a relationship strong?

A

Above .30

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4
Q

When is a relationship weak?

A

Below .10

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5
Q

What is business competence?

A

A set of business and interpersonal knowledge/skills.

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6
Q

What is IT competence?

A

A set of IT-related knowledge and experience that a business manager possesses.

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7
Q

What is a resource?

A

Assets and capabilities that are available and useful in detecting and responding to market opportunities or threats.

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8
Q

What is an asset?

A

Tangible or intangible hings firms use in their processes for creating, producing, or offering its products to a market.

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9
Q

What is an capability?

A

Repeatable patterns of actions in the use of assets to create, produce, or offer products to a market.

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10
Q

What is an competitive advantage?

A

A condition that puts a company in a superior business position.

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11
Q

What is an sustainable competitive advantage (SCA)?

A

Superior long-term performance.

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12
Q

What is VRAINN?

A

Valuable, Rare, Appropriable, Inimitable, Non-substitutable, Non-mobile.

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13
Q

Resources create short-term competitive advantage if?

A

Valuable, Rare, Appropriable.

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14
Q

Resources create sustainable competitive advantage if?

A

Inimitable, Non-substituable, Non-mobile.

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15
Q

What is the resource attribute: Valuable?

A

If it can improve efficiency and effectiveness.

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16
Q

What is the resource attribute: Rare?

A

Resource is not available in large number of firms.

17
Q

What is the resource attribute: Appropriable?

A

Resource is not appropriate if firm is unable to get returns from advantage.

18
Q

What is the resource attribute: Inimitable?

A

The resource must not be replicable.

19
Q

What is the resource attribute: Non-substitutable?

A

The resource cannot be replaced with equivalent.

20
Q

What is the resource attribute: Non-mobile?

A

Resource cannot be transferred or traded.

21
Q

In which two categories is IT competence divided?

A
22
Q

In which two categories is Business competence divided?

A
23
Q

In which organizational specific and Interpersonal & mangement factors is Business competence divided?

A
24
Q

In which IT Knowledge and IT Experience factors is IT competence divided?

A