100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
WPC 480 Exam #2 Questions With Complete Solutions $15.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. WPC 480
  4.  
  5. WPC 480

Exam (elaborations)

WPC 480 Exam #2 Questions With Complete Solutions
 0 purchase
  • Course
  • WPC 480
  • Institution
  • WPC 480

WPC 480 Exam #2 Questions With Complete Solutions valuable resource One of the four key criteria in the VRIO framework. A resource is valuable if it helps a firm exploit an external opportunity or offset an external threat rare resource one of the four key criteria in the VRIO framework. A re...

[Show more]

Preview 2 out of 10  pages

Document information

  • October 23, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • wpc 480 exam 2 questions with complete solutions

Written for

  • WPC 480
  • WPC 480

Seller

avatar-seller
StuviaTutors

Reviews received

Content preview

WPC 480 Exam #2 Questions With Complete
Solutions

valuable resource One of the four key criteria in the VRIO framework. A resource is

valuable if it helps a firm exploit an external opportunity or offset an external threat




rare resource one of the four key criteria in the VRIO framework. A resource is rare if the

number of firms that possess it is less than the number of firms it would require to reach a state

of perfect competition




costly-to-imitate resource one of the four key criteria in the VRIO framework. A resource

is costly to imitate if firms that do not possess the resource are unable to develop or buy the

resource at a comparable cost.




organized to capture value one of the four key criteria in the VRIO framework. The

characteristic of having in place an effective organizational structure, processes, and systems to

fully exploit the competitive potential of the firm's resources, capabilities, and competencies.




Causal ambiguity A situation in which the cause and effect of a phenomenon are not

readily apparent.

, WPC 480 Exam #2 Questions With Complete
Solutions
Social complexity a situation in which different social and business systems interact with

one another




Intellectual property (IP) protection A critical intangible resource that can provide a strong

isolating mechanism, and thus help to sustain a competitive advantage




Core rigidity A former core competency that turned into a liability because the firm failed

to hone, refine, and upgrade the competency as the environment changed




dynamic capabilities A firms ability to create, deploy, modify, reconfigure, upgrade, or

leverage its resources in its quest for competitive advantage




Dynamic capabilities perspective A model that emphasizes a firms ability to modify and

leverage its resources base in away that enables it to gain and sustain competitive advantage in a

constantly changing environment




Resource stocks The first current level of intangible resources

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller StuviaTutors. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67479 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$15.99
  • (0)
Add to cart
Added