Strategic Capability

Question 1

Threshold Competences

Answer 1

Those activities & processes needed to meet the customer’s minimum requirements

Question 2

Threshold Resources

Answer 2

Those resources needed to meet the customers’ minimum requirements (can be tangible or intangible)

Question 3

Core Competences

Answer 3

The activities & processes through which resources are deployed in such a way as to achieve competitive advantage in ways that others cannot imitate or obtain

Question 4

Unique Resources

Answer 4

Those resources that critically underpin competitive advantage & that others cannot easily imitate or obtain (can be tangible or intangible)

Question 5

VRIO – Resources

Answer 5

Value
Rarity
Inimitability
Organisational support (partnerships)

Question 6

Porter’s Value Chain – Primary Activities

Answer 6

Inbound logistics
Operations
Outbound logistics
Marketing & sales
Service (after sales support)

Question 7

Porter’s Value Chain – Secondary Activities

Answer 7

Firm infrastructure
Technology development
Human resource management
Procurement

Question 8

SWOT

Answer 8

Internal
*Strengths
*Weaknesses
External
*Opportunities
*Threats