SM CH6
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Which are the 3 basic resources? | tangible, intangible, organizational capabilities
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| characteristics of tangible | easy to identify, include physical and financial assests
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| characteristics of intangible | cannot be seen or touched, very critical in competitive advantage
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| defined the organizational capabilities | involved skills, ability to combined assets, people and pricesses
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| examples of tangible | production facilities, financial resources
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| examples of intangible | patents, brand name
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| what makes resources valuable (4) | competitive superiority, scarcity, inimitably,durability, sustainability
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| characteristics making resources difficult to imitate | physically unique, path dependency, casual ambiguity, economic deterrence
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| using the resource based value in internal analysis (3) | disaggregate resources, functional resources, value chain
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| described the SWOT analysis | opportunities major favorable in a firms environment, threats unfavorable situation in a firm, strenghts resource advantage relative to competitors, weaknesses deficiency in one of more resources
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| Characteristics of the functional approach | involves identifying internal strategic factors, reliance of internal factors varies by industry, market segment, product life cycle, analysis on past trends in sales, cost and profits
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| What is value chain analysis? | focus on how a business creates customer values by examining internal resources, divides the firm into set of activities, allows better identification of firms strengths and wealnesses
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| internal analysis: making meaningful comparisons | past performance, stages of industry evolution, bench marking, comparison with success factors in the industry
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| 3 critical ingredients for success? | realistic to firms resources, consistent with competitive environment, carefully executed
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| SWOT analysis diagram, draw |
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Created by:
jnartig
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