REVIEWER FINALS

According to the Knowledge-Based Theory of the firm, what is considered the most strategically significant resource?

• Labor

• Technology

• Knowledge

• Physical capital

Which of the following is NOT a characteristic of strategic resources in the Resource-Based Theory?

• Valuable

• Rare

• Easily substitutable

• Difficult to imitate

What do dynamic capabilities enable a firm to do?

• Develop physical assets

• Reconfigure internal and external resources to adapt to changes

• Focus solely on cost reduction

• Build long-term partnerships

Who are the proponents that defined dynamic capabilities in 1997?

• Teece, Pisano, and Shuen

• Eisenhardt and Martin

• Barney and Porter

• Mason and Teece

Upper Echelons Theory suggests that top executives view their situations through:

• Financial reports

• Personalized lenses shaped by their experiences

• Employee feedback

• Market analytics

Which factor does NOT influence the personalized lenses in Upper Echelons Theory?

• Experiences

• Values

• Company profit

• Personalities

Resource Dependency Theory emphasizes the importance of:

• Internal innovation

• Transactions with external actors for resource acquisition

• Cost control strategies

• Customer satisfaction

What is the primary focus of the Growth Model mentioned in the context?

• Retaining employees

• Reaching potential customers with a strong value proposition

• Reducing operational costs

• Partnering with competitors

Who developed the Pirate Funnel framework?

• Mason

• Dave McClure

• Peter Drucker

• Michael Porter

The Pirate Funnel is named so because of the first letters of which word?

• Revenue

• Activation

• Referral

• AARRR