BUSI 4940 EXAM 2 - DR. CORY QUESTIONS AND
ANSWERS
Are core competencies and distinctive competencies the same? - answers - no!! Core
competencies do not offer a competitive advantage but distinctive does
The primary building blocks of the organization are? - answers - the resources (can be
capital, people, culture, etc)
Two basic categories of resources are? - answers - tangible and intangible
Tangible resources - answers - assets that can be observed or quantified
Ex: cash, building, leases (quantifiable)
Intangible resources are - answers - usually tied to its people, takes a very long time to
develop and difficult for others to imitate. Rooted deeply in firms history
The ability to combine resources, tangible/intangible to create something that is
valuable to the org - answers - capabilities
What are the four types of competencies? - answers - incompetencies, deficiencies,
core comps, distinctive comps
Incompetencies are? And lead to? - answers - means you are very bad at something
(that will kill you quickly)
Leads to rapid failure
Deficiencies are? Lead to? - answers - means you good at something, but atleast one
other is better than you at it
Leads to comp. Disadv.
Core comp are? Lead to? - answers - youre good at something and no one is better
than you (or worse)
Leads to comp parity
Distinctive comp are? Lead to? - answers - very good at something and better than
everyone else
Leads to competitive advantage
ANSWERS
Are core competencies and distinctive competencies the same? - answers - no!! Core
competencies do not offer a competitive advantage but distinctive does
The primary building blocks of the organization are? - answers - the resources (can be
capital, people, culture, etc)
Two basic categories of resources are? - answers - tangible and intangible
Tangible resources - answers - assets that can be observed or quantified
Ex: cash, building, leases (quantifiable)
Intangible resources are - answers - usually tied to its people, takes a very long time to
develop and difficult for others to imitate. Rooted deeply in firms history
The ability to combine resources, tangible/intangible to create something that is
valuable to the org - answers - capabilities
What are the four types of competencies? - answers - incompetencies, deficiencies,
core comps, distinctive comps
Incompetencies are? And lead to? - answers - means you are very bad at something
(that will kill you quickly)
Leads to rapid failure
Deficiencies are? Lead to? - answers - means you good at something, but atleast one
other is better than you at it
Leads to comp. Disadv.
Core comp are? Lead to? - answers - youre good at something and no one is better
than you (or worse)
Leads to comp parity
Distinctive comp are? Lead to? - answers - very good at something and better than
everyone else
Leads to competitive advantage
