CH03_Testbank_HIH9e - Chapter 3The Internal Organization:...

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Chapter 3—The Internal Organization: Resources, Capabilities, Core Competen- cies, and Competitive Advantages TRUE/FALSE 1. According to the Opening Case, Apple’s strong financial performance in poor economic times is largely credited to its innovation capabilities. ANS: F PTS: 1 DIF: Medium REF: 71 OBJ: 03-01 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Creation of Value | Dierdorff 2. People are a critical resource for helping organizations learn how to continuously innovate. ANS: T PTS: 1 DIF: Easy REF: 72 OBJ: 03-03 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Creation of Value | Dierdorff 3. Firms should seek to continually develop new core competencies because all core competencies have limited life spans. ANS: T PTS: 1 DIF: Easy REF: 72 OBJ: 03-01 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Creation of Value | Dierdorff 4. The sustainability of a competitive advantage depends upon the imitability of the core competence, the availability of substitutes for the core competence, and the rate of obsolescence of the core compet- ence. ANS: T PTS: 1 DIF: Medium REF: 72 OBJ: 03-01 TYPE: knowledge NOT: AACSB: Business Knowledge & Analytical Skills | Management: Creation of Value | Dierdorff 5. Firms achieve strategic competitiveness and earn above average returns when their unique core com- petencies are effectively acquired, bundled, and leveraged to take advantage of opportunities in the ex- ternal environment in ways that create value for customers. ANS: T PTS: 1 DIF: Easy REF: 72 OBJ: 03-01 TYPE: knowledge NOT: AACSB: Business Knowledge & Analytical Skills | Management: Creation of Value | Dierdorff 6. Analyzing the internal environment enables a firm to determine what it might be able to do by identi- fying what opportunities exist. ANS: F PTS: 1 DIF: Hard REF: 73 OBJ: 03-01 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Creation of Value | Dierdorff
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7. Analyzing the internal environment enables a firm to determine what it can do by identifying what op- portunities exist. ANS: T PTS: 1 DIF: Hard REF: 73 OBJ: 03-01 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Creation of Value | Dierdorff 8. Given enough time, any firm’s competitive advantage can be imitated by its competitors. ANS: T PTS: 1 DIF: Easy REF: 72 OBJ: 03-01 TYPE: knowledge NOT: AACSB: Business Knowledge & Analytical Skills | Management: Strategy | Dierdorff & Ru- 9. Some resources, such as financial capital, have inherent value to the firm, while others are not inher- ently valuable. ANS: F
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CH03_Testbank_HIH9e - Chapter 3The Internal Organization:...

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