Ch03 b.pdf - Chapter 3 u2013 The internal environment...

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Chapter 3 – The internal environment: Resources, capabilities, core competencies and competitive advantag 1.Which of the following isnota factor that determines the sustainability of a competitiveadvantage? A. The rate of core competence obsolescence because of environmental changesB. The availability of substitutes for the core competenceC. The inimitability of the core competenceD. The extent of a core competence’s effect on a firm’s operationsANS: D PTS: 1 DIF: Moderate REF: Introduction 2.The term aglobal mind-setrefers to the ability: 3.Evidence has suggested that ________ of organisational decisions fail. 4.The three conditions that characterise difficult managerial decisions concerning resources,capabilities andcore competencies are: 5.The condition of uncertainty in managerial decision making occurs when: A. it is difficult to determine which core competency to nurtureB. a wide range of internal issues must be examinedC. there are changes in technologies, economic and political trends, and societal valuesD. managers are unable to determine the best course of action to takeANS: C PTS: 1 DIF: Hard REF: The challenge of analysing theinternal organisation

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