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MBA 705 - Test 2 Kim exam questions and
answers with complete solutions verified graded
a++
What allows us to Looking inside the firm to analyze its resources,
understand its strengths capabilities and core competencies.
and weaknesses in a
firm?
What allows linking a Allows managers to determine their strategic
firm's internal analysis to options, exploit external opportunities, and
its external analysis? mitigate internal weaknesses and threats.
What are the two Resource based-view (RBV) + VRIO framework and
methods of internal Value Chain Analysis
evaluation?
What are core Unique strengths embedded deep within a firm.
competencies?
Which are the core Superior in creating proprietary algorithms
competencies of based on large amounts of online data and
google? superior AI capability.
Which are the core Superior in creating proprietary algorithms
competencies of based on individual customer preferences.
Netflix
Which are the core Superior at discovering and exploring fossil-fuel-based
competencies of Exxon energy sources globally.
How core Core competencies are developed through the
competencies and interaction of resources and capabilities, and
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competitive the core competencies lead to competitive
advantage are advantage.
created?
Which are the 2 types of Tangible resources and Intangible resources.
resources?
What are tangible Resources that can be readily seen, touched and
resources? quantified.
Examples of tangible Cash, physical assets such as the firm's property,
resources plant, equipment, machinery, buildings,
vehicles, stock, land, etc.
What are intangible Are quite difficult to see, to touch, or to quantify.
resources?
The knowledge and skills of employees, a
Examples of intangible firm's reputation, brand name, exclusive
resources. rights to intellectual property, leadership traits
executives, a firm's culture,
trademarks, franchises, copyrights, licenses, goodwill,
patents and brands.
What is competitive From Intangible Resources.
advantage more likely
from?
What should executives Nurture and develop their firm's intangible resouces.
must do to achieve
long-term competitive
advantages?
What is the value of $5 billions
Google's tangible
resources?
What is the value of $100 billions
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