week 4 quiz

Question 1

What are ‘core competences’?

Answer 1

a group of productions skills and technologies that enable an organisation to provide particular benefits to customers

Question 2

what was the main reason for the development of the resourced based view (RBV) of strategy

Answer 2

the realization that if industry environment determined profitability then all firms in an industry should have similar profits. whereas is reality there are vast differences in profits in firms

Question 3

Which of the following statements is true in respect of the value chain?
a - The value chain describes the activities that create a product or service and can help an organisation to identify and analyse its strategic capabilities.

b - Mapping activity systems has replaced the value chain as a tool for analysing capability.

c - The value chain cannot be applied to a manufacturing company.

d - The value chain is only used in the public sector and non-profit organisations, so it is of little relevance to commercial organisations.

Answer 3

The value chain describes the activities that create a product or service and can help an organisation to identify and analyse its strategic capabilities

Question 4

SWOT is the abbreviation for ….

Answer 4

Internal Strengths (S) Internal Weakness (W) External Oppotunities (O) External Threats (T)

Question 5

what are the generic types of dynamic capabilities

Answer 5

• Seizing capabilities
• sensing capabilities
• Re-configuring capabilities

Question 6

what are the criteria for the inimitability of resources and capabilities of an organisation

Answer 6

• culture and history
• internal and external linkages
• casual ambiguity

Question 7

which of the following is not an example of the value chain
a - A state-of-the-art quality control system for manufacturing

b - Joint ventures, alliances and partnerships that often rely on different members to the agreement bringing their special areas of expertise to the relationship

c - Travel computer reservation systems that connect the airlines with travel ticket agents

d - Common services, such as telecommunications or media buying, where a combined contract could be negotiated at a lower price than individual series of local deals

e - Common raw materials used in a variety of end-products: for example, petrochemical feedstocks are used widely to produce various products

Answer 7

A state-of-the- art quality control system for manufacturing

Question 8

which of the two following statements about SWOT analysis are correct and can be applies to an organisation
a - Analysing opportunities and threats would help an organisation to understand its strategic capabilities

b - Analysing the competitive environment would help an organisation to understand its opportunities and threats.

c - Analysing strategic capabilities would help an organisation to understand its strengths and weaknesses

d - Analysing strengths and weaknesses would help an organisation to understand its competitive environment.

Answer 8

• analyzing the competitive environment would help an organisation to understand its opportunities and threats
• Analyzing strategic capabilities would help an organisation to understand its strengths and weaknesses

Question 9

an organisations distinctive capabilities provide competitive advantage because …

a - these are the capabilities built around having the biggest and best-regarded brand

b - the organisation has a monopoly and is able to drive out all of its competitors

c - the organisation has unique capabilities that competitors will find difficult to imitate

d - all of its competitors need these capabilities to survive in the market

Answer 9

the organisation has unique capabilities that competitors will find hard to imitate

Question 10

which of the following is a support activity in the value chain model
a - Marketing and sales

b - Procurement

c - Operations

d - Inbound logistics

Answer 10

procurement