chapter 4

Question 1

explain how value is created from a firm’s resources and capabilities

Answer 1

a SWOT analysis engages managers to ascertain a firm’s strengths and weaknesses on an activity-by-activity basis relative to rivals

Question 2

VRIO framework centers on

Answer 2

value, rarity, imitability, organizational attributes of resources and capabilities

Question 3

A VRIO framework suggests that only resources and capabilities that are v__, r__, i__, and o___

Answer 3

valuable rare inimitable and organizationally embedded

Question 4

甚麼activity適合outsourcing？

Answer 4

an activity with high degree of industry commonality

Question 5

甚麼activity適合in-house?

Answer 5

firm-specific(proprietary)activity is better performed in-house

Question 6

4 choices for managers in terms of modes and locations

Answer 6

1. offshoring 2. inshoring 3. captive sourcing/FDI 4. domestic in-house activity

Question 7

a leading perspective in global business that posits that firm performance is fundamentally driven by differences in firm-specific resources and capabilities

Answer 7

resource-based view