Strategic Mgt Game

Is competitive advantage a known unknown concept?

• No

• Yes

• In some cases

Competitive advantage has been a cornerstone concept in the field of strategic management because:

• it is a fashionable concept

• my professor says so

• it explains what accounts for differences in performance among firms

• CEOs use this concept a lot

How many are the theoretical perspectives about the sources of competitive advantage?

• 3

• 4

• 6

• 2

Mobility barriers may lead to development of competitive advantage under the

• Industrial organization theory

• Market-led theory

• Resource-based theory

Market positions may lead to development of competitive advantage under the

• Industrial organization theory

• Market-led theory

• Resource-based theory

Idiosyncratic firm resources and capabilities may lead to development of competitive advantage under the

• Industrial organization theory

• Market-led theory

• Resource-based theory

Select the specific source of competitive advantage under the industrial organization theory

• Premium products/services

• Monopolistic position

• Competent human capital

Select the specific source of competitive advantage under the market-led theory

• Distance – low transportation cost

• Better quality compared with peers

• Capacity for new product development

Select the specific source of competitive advantage under the resource-based theory

• Low price compared to value

• Geographical location

• Customer service