vsb 4002 exam questions & answers 2024/2025
industry effects ______, but firm effects matter more to ______ - ANSWERSindustry effects matter but firm effects matter more to firm performance
basically: industry effects influence firm performance, but firm effects influence more??
firm ...
industry effects ______, but firm effects matter more to ______ - ANSWERSindustry effects matter but
firm effects matter more to firm performance
basically: industry effects influence firm performance, but firm effects influence more??
firm strategy looks at - ANSWERSgoals & values
resources & capabilities
structure and systems
environment strategy looks at - ANSWERScompetitors
customers
suppliers
for internal firm analysis we look at - ANSWERSdrivers of value creation
value of creation advantage means - ANSWERShaving better or different: stocks of resources and
capabilities (ex: location, reputation, data access)
pattern of choices p(business model, process...)
scale or scope effects (value propositions)
when the industry environment is volatile what offers a more stable basis for strategy - ANSWERSinternal
resources and capabilities offer a more stable basis for strategy than an external market focus
, what are the primary sources of competitive advantage and profitability - ANSWERSresources and
capabilities
different appraising resources include - ANSWERSfinancial - borrow capacity
physical - PPE
technology - patent/copyright
reputation - brands/loyalty
deriving strategy recommendations from Resource/Capability Analysis - ANSWERSits a Punnett square:
relative strength x strategic importance
includes: key strengths, extreme strength, key weaknesses, and inconsequential weaknesses
framework for analyzing resources and capabilites - ANSWERS1. identify the firm's resources and
capabilities
2. appraise the firm's resources and capabilities in terms of
- strategic importance
- relative strength
**potential for sustainable competitive advantage
3. develop strategy implications:
a- how can strengths be exploited most effectively
b- in relation to weakness
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