Question $2$Question $3$

According to the illustration in Table $4\mathrm{.}3$ and the accompanying discussion of weighted

competitive strength assessment, the company with the highest weighted overall

competitive strength rating

has the best portfolio of resources and capabilities in the industry and the company

with the lowest rating has the worst portfolio of resources and capabilities in the

industry.

enjoys a net competitive advantage vis$-$a$-$vis key rivals, with the size of its advantage

being signaled by how much its overall competitive strength rating exceeds the overall

competitive strength ratings of each of the other companies included in the

assessment.

has the best strategy in the industry and the company with the lowest rating has the

worst strategy in the industry.

should be expected to be the most profitable company in the industry and the company

with the lowest rating is generally destined to have the lowest profits $($which may also

mean losing more money than any other company in the industry$).$

is well$-$positioned to capture the biggest market share in the industry and the company

with the lowest rating is generally destined to have the smallest market share in the

industry.

Which of the following statements about a company's resources and capabilities is false?

When a company's executive management team achieves proficient dynamic capability

to modify, deepen, and augment the company's resources and competitive capabilities,

the company's competitiveness in the marketplace is significantly enhanced.

Companies in the top tier of their industry typically have at least two and sometimes as

many as four distinctive competencies, plus a management team that has proven

dynamic capability to periodically freshen and renew the company's resource portfolio.

For a company's important resources and capabilities to remain competitively valuable

over time, they must be continually polished, updated, and sometimes augmented with

altogether new kinds of resources and expertise.

A company requires a dynamically evolving portfolio of competitively valuable resources

and capabilities to sustain its competitiveness and help drive improvements in its

performance$--$otherwise, the power of its competitive assets grow stale

Diligent managerial attention to sharpening and recalibrating company competencies

and capabilities protects a company's long$-$term competitiveness against the improving

capabilities of rivals and their strategic maneuvering to win bigger sales and market

shares.