Chapter 2 & 3 Flashcards
What are constructs?
Measureable variables.
What are Relationships?
Association between variables.
When is a relationship strong?
Above .30
When is a relationship weak?
Below .10
What is business competence?
A set of business and interpersonal knowledge/skills.
What is IT competence?
A set of IT-related knowledge and experience that a business manager possesses.
What is a resource?
Assets and capabilities that are available and useful in detecting and responding to market opportunities or threats.
What is an asset?
Tangible or intangible hings firms use in their processes for creating, producing, or offering its products to a market.
What is an capability?
Repeatable patterns of actions in the use of assets to create, produce, or offer products to a market.
What is an competitive advantage?
A condition that puts a company in a superior business position.
What is an sustainable competitive advantage (SCA)?
Superior long-term performance.
What is VRAINN?
Valuable, Rare, Appropriable, Inimitable, Non-substitutable, Non-mobile.
Resources create short-term competitive advantage if?
Valuable, Rare, Appropriable.
Resources create sustainable competitive advantage if?
Inimitable, Non-substituable, Non-mobile.
What is the resource attribute: Valuable?
If it can improve efficiency and effectiveness.
What is the resource attribute: Rare?
Resource is not available in large number of firms.
What is the resource attribute: Appropriable?
Resource is not appropriate if firm is unable to get returns from advantage.
What is the resource attribute: Inimitable?
The resource must not be replicable.
What is the resource attribute: Non-substitutable?
The resource cannot be replaced with equivalent.
What is the resource attribute: Non-mobile?
Resource cannot be transferred or traded.
In which two categories is IT competence divided?
In which two categories is Business competence divided?
In which organizational specific and Interpersonal & mangement factors is Business competence divided?
In which IT Knowledge and IT Experience factors is IT competence divided?
