strategic management Midterm Exam

are an organization’s assets and are thus the basic building blocks of the organization.

• Resources

• Capabilities

• competency

• core competency

refer to a corporation’s ability to exploit its resources.

They consist of business processes and routines that manage the interaction among resources to turn inputs into outputs.

• Resources

• Capabilities

• competency

• core competency

a cross-functional integration and coordination of capabilities is------------

• Resources

• Capabilities

• competency

• core competency

a collection of competencies that crosses divisional boundaries, is widespread within the corporation, and is something that the corporation can do exceedingly well is called.

• Resources

• Capabilities

• competency

• core competency

When core competencies are superior to those of the competition, they are called

• distinctive competencies.

• Imitability

• Reverse engineering

• patent infringement

is the rate at which a firm’s underlying resources, capabilities, or core competencies can be duplicated by others.

• distinctive competencies.

• Imitability

• Reverse engineering

• patent infringement

which involves taking apart a competitor’s product in order to find out how it works

• distinctive competencies.

• Imitability

• Reverse engineering

• patent infringement

Hiring employees from the competitor, to Outright

• distinctive competencies.

• Imitability

• Reverse engineering

• patent infringement

the speed with which other firms can understand the relationship of resources and capabilities supporting a successful firm’s strategy.

• Transparency

• Transferability

• Replicability

the ability of competitors to gather the resources and capabilities necessary to support a competitive challenge.

• Transparency

• Transferability

• Replicability