Question : 11.The VRIO framework does not include capabilities and resources that : 1332155

11.The VRIO framework does not include capabilities and resources that are:

a.Valuable.

b.Rare.

c.Imitable.

d.Organizationally embedded.

e.All of the above.

12.Examining whether a firm has resources and capabilities to perform a particular activity in a manner superior to competitors is known as _________ in SWOT analysis.

a.Parity

b.Competition

c.Benchmarking

d.Deskmarking

e.Standardization

13.If Company A and Company B both have valuable assets that are identical, the text indicates that in order for A to gain a competitive advantage over B, A must:

a.Use its assets differently.

b.Find some basis for suing B.

c.Get out of its existing business.

d.Increase its quantity of those assets.

e.All of the above.

14.Tacit knowledge is probably the most _________ resource.

a.Valuable

b.Unique

c.Hard-to-imitate

d.Organizationally complex resource

e.All of the above

15.Recent research suggests that capabilities in very dynamic high-velocity industries (such as IT) involve all of the following except:

a.Simple (not complicated).

b.Experiential (not analytic).

c.Iterative (not linear processes).

d.Involve “learning by doing.”

e.“Learning before doing.”

16.Which of the following are not involved in hypercompetition?

a.A shortened window during which a firm may command competitive advantage.

b.Dynamic maneuvering.

c.Unleashing a series of small, unpredictable, but powerful actions.

d.Slowing the pace of change.

e.Attempts to erode rivals’ competitive advantage.

17.Recent aspects of outsourcing include all of the following except:

a.“Business process outsourcing” (BPO).

b.High-end services to countries led by India.

c.Digitization and commoditization of service work.

d.As stated by the text, the outsourcing of services is definitely a long-term benefit.

e.Increases due to the Internet and the reduction of international communication costs.

18.All of the following are arguments used by proponents of offshoring except:

a.It creates enormous value for firms and economies.

b.Western firms are able to tap into low-cost and high-quality labor.

c.Firms can focus on their core capabilities.

d.For every dollar spent by US firms on India, the U.S. obtains $1.13.

e.It is not true that some US employees may lose their jobs.

19.Critics of offshoring make all of the following arguments except:

a.If even core functions like engineering, R&D, manufacturing, and marketing can—and often should—be moved outside the country, what is left of the firm?

b.Critics argue such offshoring nurtures rivals.

c.Offshoring increasingly results in job losses in high-end areas such as design, R&D, and IT/BPO.

d.Many large US firms claim that they are “global companies” but they seem to be bound by “American values.”

e.In some cases, it undermines national security.

20.Critics of outsourcing agree that MNEs and their outsourcing can be praised for which of the following?

a.Not exploiting cheap labor.

b.Not treating people as “tradable commodities” that can be jettisoned.

c.Not destroying jobs destroying jobs at home.

d.Protecting customer privacy.

e.None of the above.