Question Details

The resource-based view of the firm



1.	All of the following are assumptions of the resource-based model EXCEPT
a.	Each firm is a unique collection of resources and capabilities.
b.	The industry- structural characteristics have little impact on a firm- performance over time.
c.	Capabilities are highly mobile across firms.
d.	Differences in resources and capabilities are the basis of competitive advantage.



	2.	____ is a capacity for a set of resources to perform a task or an activity in an integrative manner.
a.	A capability
b.	A core competence
c.	Sustainable competitive advantage
d.	Organizational intelligence




	3.	To have the potential to become sources of competitive advantage, resources and capabilities must be non-substitutable, valuable, ____, and ____.
a.	unique, easy to imitate.
b.	easy to imitate, difficult to implement.
c.	rare, costly to imitate.
d.	easy to implement, unique.




	4.	The resource-based model of the firm argues that
a.	all resources have the potential to be the basis of sustainable competitive advantage.
b.	resources alone can be a source of sustainable competitive advantage.
c.	the key to competitive success is the structure of the industry in which the firm competes.
d.	resources that are valuable, rare, costly to imitate, and non-substitutable form the basis of a firm- core competencies.


	5.	The resource-based view of the firm
a.	emphasizes that it is difficult to develop and sustain a competitive advantage based on resources alone.
b.	argues that the industry environment has a stronger influence on firms’ ability to implement strategies successfully than does the competitor environment.
c.	calls for firms to focus on their homogeneous capabilities to compete against their rivals.
d.	suggests that vision and mission are closely linked to sustainable competitive advantage.





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