b. Executives strongly encourage flight attendants to entertain passengers, like hiding in an overhead compartment. Solved 11.- All of the following are tangible resources - Chegg c. Strong competitive threats from product substitutes Southwest Airlines, for example, has developed the capability of providing excellent customer service by building on its strong organizational culture. Specifically, it is important to recognize that strategic resources can be created by taking several strategies and resources that each could be copied and bundling them together in a way that cannot be copied. All Rights Reserved. True Resource-based theory also stresses the merit of an old saying: the whole is greater than the sum of its parts. Some firms develop a dynamic capability. In comparing the two types of resources, intangible resources are more likely to meet the criteria for strategic resources (i.e., valuable, rare, difficult-to-imitate, and organized to capture value) than are tangible resources. Threats posed by new entrants It is not hard to imagine a day when companies in Maine make huge profits by sending giant trucks filled with water south and west or even by building water pipelines to service arid regions. D) geographic uniqueness, cause dependency, social ambiguity, and path complexity. Processes related to passengers are infused with customer service attention and actions. and more. A) interrelationships among functional areas and firm strategies. The table below presents the output and input levels: Also assume that the per unit cost of capital is $10. Industry characteristics of an attractive industry, one where firms may achieve strategic competitiveness and earn above-average returns includes which of the following? \text{Food} & & \$160.00 & \$175.70\\ A companys value derives not from things, but from ____________. B) the key emphasis on customer satisfaction and financial goals are only a means to that end. What was the result? C) the internal analysis of the firm as well as the external analysis of the industry and competitive environment. Figure 4.3: Kindred Grey (2020). Strategic Ch. 4 Flashcards | Quizlet When the talent show audience goes crazy in response, it marks the beginning of a meteoric rise for both the song and the band. Industry characteristics of an attractive industry, one where firms may achieve strategiccompetitiveness and earn above-average returns includes which of the following? : A retail chain that sells home entertainment systems, computers, and other electronics is far outselling is competitors based on its innovation processes. Consider, for example, a very generic commodity: water. All of the following are tangible resources EXCEPT:- A. ~~~~~\text{Electric bill} & & 45.00 & 44.35\\ Which of the following forms of diversification occurs when a firm operates multiple. there are several forces for organizational change: workplace demographics, technology, globalization, market conditions, growth, and poor performance. Satisfying only one or two of the valuable, rare, difficult-to-imitate, organized to capture value criteria will likely only lead to competitive parity or a temporary advantage. A crash R&D program by one firm cannot replicate a successful technology developed by another firm when research findings cumulate. One key reason is a legendary organizational culture that inspires employees to do their very best. Retrieved from https://commons.wikimedia.org/wiki/File:The_VRIO_Framework_with_numbers.png. 2) Product quality. 11.-. Cost leaders must maintain their marketing or face the possible entry of more cost-effective competitors. Superiority in competitive advantage refers to all of the following factors: 1) Customer service. In determining stakeholders who should be consulted as strategy is developed, companies often develop an incomplete list. Strategy formulation is an essential component of the POLC framework: a. Choose question tag. Do any of the resources or capabilities of your favorite restaurant have the four qualities of resources (VRIO) that lead to success as articulated by resource-based theory. B) intangible resources and operational measures. Selected Answer: a.Production equipment Answers: a.Production equipment b.Organizational routines c.Capacity for innovation 4 out of 4 points4 out of 4 points 4 out of 4 points 4 out of 4 points. YouTube. Explanation: Tangible resources have a physical form, t, 5. Supplier and buyers with strong bargaining positions Verified answer. In the value chain, which of the following activities is deemed to add direct value to a firm? Also assume that the cost of each unit of labor is $50. (review sheet 4), The tenpoint plan of the new world order-1, Leadership class , week 3 executive summary, I am doing my essay on the Ted Talk titaled How One Photo Captured a Humanitie Crisis https, School-Plan - School Plan of San Juan Integrated School, SEC-502-RS-Dispositions Self-Assessment Survey T3 (1), Techniques DE Separation ET Analyse EN Biochimi 1, The text defines stakeholders as: Individuals and organizations who are actively involved in the organization or whose interests may be positively or negatively affected as a result of what the organization does (Carpenter et.
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