a firm's tangible resource includes which of the following?

12.-. B) effective information systems contributing significantly to a firm's overall cost leadership strategy. ______________ are the competencies or skills that a firm employs to transform inputs into outputs. The following are examples of socially complex organizational phenomena except. Which of the following is considered an intangible resource? Learn More. A retail chain that sells home entertainment systems, computers, and other electronics is far outselling is competitors based on its innovation processes. A useful way to identify a company's resources is to view them as: A. divided into two main categories, tangible and intangible. In the 1996 movie That Thing You Do!, unwittingly assembling a unique bundle of resources leads a 1960s band called The Wonders to rise from small-town obscurity to the top of the music charts. In value chain analysis, the activities of an organization are divided into two major categories of value activities: primary and support. According to resource-based theory, organizations that own strategic resources have important competitive advantages over organizations that do not. According to resource-based theory, one possible road to riches is creatingon purpose or by accidenta unique combination of resources. Straddling strategies as an approach to strategic management is not recommended for which reason: It is an attempt to gain competitive advantage based on overall lowcost provider of a product, Research shows that straddling strategies leads to confusion among managers about the, It is an indication that the firm's managers have not made necessary choices about the, According to Porter straddling strategies is recommended for narrow scope firms that have, The industry characteristics that make it very difficult for firms to achieve strategic competitiveness and. D) Production equipment can be considered an asset or resource of a company that is physical in nature and can be measured, making it a tangible resource. b. Customers do not simply send money to an organization because it owns strategic resources. A competitive advantage based on inimitability can be sustained for at least some time if it has the following characteristics. A) Knowledge can be considered an important asset or resource of a company, but it is not physical in nature. Has Southwest organized this resource of culture to capture value? The Wonders-That Thing You Do! They consist of warehousing, material handling, delivery operation, order processing, and scheduling. d. Top-down process It signals the market to competent manufacturing, why it is difficult to identify the actual cause of a firm's successful performance. How has Walgreens used its core competencies to provide value to its customers? If yes, go to number 3. Ans. b. A firm's strategy includes which of the following: a. The bands magic vanishes as quickly as it appeared, however. Low entry barriers Scientific capabiliti Production equipment c. Manufacturing plants d. Formal reporting structures 6. ~~~~~\text{Emergency fund} & & 50.00 & 50.00\\ All Rights Reserved. d. Moderate to high rivalry What will happen to bond prices if terrorism ended and the world's nations unilaterally disarmed and adopted free trade policies? d.Knowledge Question 10 For a differentiation strategy to be effective, the product . Physical assets such as a firm's property, plant, and equipment, as well as cash, are considered to be tangible resources. Low entry barriers c. Extensive market research Strategic Planning . This is an example of, A variety of firm resources include interpersonal relations among managers in the firm, its culture, and its reputation with its suppliers and customers. Capabilities tend to arise over time as a firm takes actions that build on its strategic resources. The resource-based view includes all except which of the following regarding managers? C) National Steel improved its efficiency by consolidating, reducing the number of job classifications, and broadening worker responsibilities. D) supports mostly support activities but does have some impact on primary activities. c. Gobal economic conditions Ethics and Social Responsibility (PHIL 1404), Organizational Systems and Quality Leadership (NURS 4210), Primary Concepts Of Adult Nursing II (NUR 4110), Web Programming 1 (proctored course) (CS 2205), Assessing Impact on Student Learning (D093), Survey of Old and New Testament (BIBL 104), Introduction to Anatomy and Physiology (BIO210), Primary Care Of The Childbearing (NR-602), Professional Application in Service Learning I (LDR-461), Advanced Anatomy & Physiology for Health Professions (NUR 4904), Principles Of Environmental Science (ENV 100), Operating Systems 2 (proctored course) (CS 3307), Comparative Programming Languages (CS 4402), Business Core Capstone: An Integrated Application (D083), Summary Reimagining Global Health - Chapter 5 & 6, ATI System Disorder Template Heart Failure, General Chemistry I - Chapter 1 and 2 Notes, MMC2604 Chapter 1 Notesm - Media and Culture: Mass Communication in a Digital Age, Database Systems Design Implementation and Management 9th Edition Coronel Solution Manual, BIO 115 Final Review - Organizers for Bio 115, everything you need to know, Dehydration Synthesis Student Exploration Gizmo, Ejemplo de Dictamen Limpio o Sin Salvedades, 1-2 Module One Activity Project topic exploration, (8) Making freebase with ammonia cracksmokers, Lessons from Antiquity Activities US Government, Conversation Concept Lab Transcript Shadow Health, The cell Anatomy and division. While resources refer to what an organization owns, capabilities refer to what the organization can do. BUS 1101 Ch. 5 Flashcards | Quizlet Scientific capabiliti Production equipment c. Manufacturing plants d. Formal reporting structures 6. firms that execute the design blueprints provided by western firms. https://commons.wikimedia.org/wiki/File:Southwest_737_Lonestar_One.jpg, https://commons.wikimedia.org/wiki/File:The_VRIO_Framework_with_numbers.png, Next: 4.4 Intellectual Property & Isolating Mechanisms, Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. ~~~~~\text{Life/car insurance premiums} & & 132.50 & 132.50\\ Suppliers and buyers with little bargaining power Planning An effective way to distinguish resources and capabilities is this: resources refer to what an organization owns, capabilities refer to what the organization can do (Table 4.2). Physical assets such as a firms property, plant, and equipment are considered to be tangible resources, as is cash. Tangible resources are resources that can be readily seen, touched, and quantified. A firms tangible resource includes which of the following a - Studocu C) Organizational routines. Other resources are hard to copy because they evolve over time and they reflect unique aspects of the firm. Trading in strategic resources: Necessary conditions, transaction cost problems, and choice of exchange structure. D) the effectiveness of its lobbying activities. The industry characteristics that make it very difficult for firms to achieve strategic competitiveness and earn above-average returns includes all of the following EXCEPT: a. Planning Review the material in Chapter 20 and respond to the following: Discuss the modern quantity theory and the liquidity preference theory. False A resource-based view of the firm. Advertising is a ______activity. Production equipment Because of this unusual history, other airlines could not replicate Southwests culture, regardless of how hard they might try. Barney, J. Knowledge Resources that do not have all four qualities can still be very useful, but they are unlikely to provide long-term advantages. b. Another is guitarist Lenny Haise, whose fun attitude reigns in the enigmatic Mattingly. Learn more about how Pressbooks supports open publishing practices. Which of the following is not a limitation of SWOT (Strengths, Weaknesses, Opportunity, Threats) analysis? Also assume that the cost of each unit of labor is $50. The source of Ardent's success is causally ambiguous. Principles of Management, Chapter 5 Flashcards | Quizlet B) financial resources, physical resources, and the capacity to combine intangible resources. Maine has been described as the Saudi Arabia of water because its borders contain so much drinkable water.

Consequences Of Breaching Confidentiality In Childcare, Paula Reid Teeth, Ochoa Brothers Sister, Braves Tv Schedule, Articles A