QUESTIONS WITH ANSWERS GRADED A+
●● The primary drivers of hypercompetition are.
Answer: the emergence of a global economy, rapid technological change
●● Henry Ford once said, "If I had asked people what they wanted, they
would have said faster horses." The invention of the car is an early
example of:.
Answer: Disruptive technologies
●● The CEO of Ridgeway INC realizes that the company's survival
depends on developing and acquiring knowledge. Which of the
following actions by the CEO would be MOST consistent with this
need?.
Answer: Planning extensive employee training and hiring educated and
experienced employees
●● All of the following are assumptions of the Industrial Organization
(IO) model EXECPT.
Answer: Resources to implement strategies are firm-specific and
attached to firms over the long term
●● All of the following are resources of an organization EXECPT.
, Answer: Weak competitors in the industry
●● All of the following ARE resources of an organization.
Answer: An hourly production employees ability to catch subtle quality
defects in products
Oil drilling rights in a promising region
A charity's board of directors of experienced executives
A company's reputation among its customers
●● All of the following are assumptions of a resource based model
EXECPT.
Answer: Competencies are formed when capabilities are turned into
resources
●● To have the potential to become a source of sustainable competitive
advantage, resources and capabilities must be valuable.
Answer: rare, difficult to implement
●● Capital Market stakeholders include.
Answer: Unsecured debt holders