Question: 1. Core competencies; define what is and is NOT a core competency 2. Intangible vs tangible resources & what is more likely to give firm

1. Core competencies; define what is and is NOT a core competency

2. Intangible vs tangible resources & what is more likely to give firm competitive advantage Give examples of tangible and intangible resources

3. What does VRIO stand for? Give examples of resources that are VRIO.

4. If firms have similar resource profiles that are not VRIO, what happens to competitive advantage?

5. Define dynamic capabilities. Give examples of what DCs are and are not.1

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

1) Why is it important to study the internal resources, capabilities, and activities of firms? What insights can be gained? Give an example. 2) Conduct a value chain analysis for a company of your...

Q:

Please read this memo before you begin preparing case report #2 related to First Solar. A CRITICAL FACT: This case is available free on- line from MIT's Sloan School. The URL is:...

Q:

Recommended content length is up to 10 (ten) pages. The minimum length of content is five pages and the maximum length of content is ten pages (not including cover and reference pages) . The typed...

Q:

Strategic Management Frank Rothaermel,6eRelease: 6th Edition Please include a word count of your post (excluding citations and references), no matter whether it is an initial post or a reply, at the...

Q:

Analysis of Dell: Resource Based Views (RBV) Under RBV, focus is put on whether Dell can identify and configure its unique cluster of internal strategic resources and capabilities to achieve...

Q:

customers, suppliers, and communities in as serious takes place in the firm's business model thow to a way as they track its financial performance. make money). - The triple-bottom-line framework is...

Q:

choose from the following aspects of competitive strategy to apply the theories of strategy development and implementation as relevant to the case study you choose: Business Strategy Competitive...

Q:

Who is chief knowledge officer? What the primary role? A senior executive in an organization responsible for ensuring that firm fully utilizes the value it gets through knowledge- which is the most...

Q:

Study Guide Strategic Business Management By A. J. Cataldo About the Author A. J. Cataldo is currently a professor of accounting at West Chester University, in West Chester, Pennsylvania. He holds a...

Q:

(Developing an Effective Business Model) in the book of(Entrepreneurship: Successfully Launching New Ventures, 6e ) then answer the two questions: 1- What is the purpose of business model? 2- Briefly...

Q:

Quick Computer Company just spent $35,000 of its cash to purchase merchandise for later resale to customers. Would you agree that since $35,000 of cash has been used up, a $35,000 expense has been...

Q:

The following selected financial data pertains to four unidentified companies: COMPANIES 1 2 3 4 balance sheet data (component percentage) Money 3.5 4.7 8.2 11.7 accounts receivable 16.9 28,9 16.8...

Q:

Gretter Corporation has two operating divisions an Atlantic Division and a Pacific Division. The company's Logistics Department services both divisions. The variable costs of the Logistics Department...

Q:

Sheffield Company recorded the following operating data: Sales $1248000 Contribution margin 459560 Total direct fixed costs 398000 Total operating assets Jan. 1, 2020 742000 Total operating assets...