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Exam 4: Internal Analysis: Resources, Capabilities, and Core Competencies

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Question 61

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Trust Machines Inc.is a company that manufactures and markets consumer electronics.The unique microprocessors developed by the company contribute to its high resource immobility.According to the resource-based view of competitive advantage,which of the following is an implication of this situation?

A) The competitive advantage of Trust Machines Inc. will soon be lost.
B) The resource heterogeneity of Trust Machines Inc. is low within the industry.
C) The resources of Trust Machines Inc. are difficult to replicate or imitate.
D) The environment in which Trust Machines Inc. operates is closest to perfect competition.

E) B) and D)
F) All of the above

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Question 62

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During market testing,Sensation Cosmetics (SC) realized that the cosmetics industry was dominated with multiple,well-established brands.These brands mostly sold their products in exclusive outlets and departmental stores.A new entrant like SC would require a different business model to be successful.Thus,SC started selling its products through direct marketing.In this scenario,Sensation Cosmetics accomplished substitution primarily through

A) path dependence.
B) technology transfer.
C) knowledge diffusion.
D) strategic equivalence.

E) B) and C)
F) A) and D)

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Question 63

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SWA has enjoyed a sustained competitive advantage,allowing it to outperform its competitors over several decades.Continental and Delta attempted to copy SWA with their offerings of Continental Lite and Song,respectively.Neither Continental nor Delta,however,was able to successfully imitate the resource bundles and firm capabilities that make SWA unique.Which of the following is this case an example of?

Superlative Productions spent 10 million dollars to buy the rights to a best-selling novel.The company then prepared for production by hiring a screenwriter to adapt the novel,casting the main roles,renting cameras and other equipment,and scouting locations in southern Arizona.Which of the following pairs of resources are both intangible?

The management of a company is assessing the value of all the tangible resources the company owns.Which of the following will be included in this assessment?

An observer may conclude that the organizational culture of Zappos,an online retailer for shoes and clothing,might be the basis for its competitive advantage.However,reverse social engineering to crack Zappos' code of success might be much more difficult for a company trying to exactly imitate its strategy.Thus,the source of Zappos competitive advantage is said to be

The "diagonal assembly system" was a production system pioneered by the automobile company Gogo.Recently,Gogo was able to sue a competitor and won the suit,thereby receiving $100 million in damages.Which of the following would most likely enable Gogo to win such a lawsuit?

Beats Electronics has been able to outperform Audio-Technica,Bose,JBL,Skullcandy,Sennheiser,and Sony in the high-end,premium headphone market.Which of the following statements accurately explains one of the main reasons for the success of Beat?

A firm's resource is most likely to be an internal strength and a core competency when the resource is

Even though many valuable,rare,and inimitable resources were generated at Xerox's Palo Alto Research Center (PARC) ,the management at Xerox's headquarters failed to gain a competitive advantage by exploiting the breakthroughs in computing software and hardware.What is the most likely implication of this example?