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Why is a weighted competitive strength analysis superior to an unweighted analysis? The different measures of competitive strength are unlikely to be equally important. Which of the following is an accurate interpretation of the overall competitive strength ratings that result from doing a competitive strength assessment?Which of the following is an accurate interpretation or the overall strength scores that result from doing a competitive strength assessment? the higher a companyx26#39;s overall strength score the stronger is its competitiveness and ability to compete successfully against rival industry members. When a company has a proficiency in performing a strategically and competitively important value chain activity better than its rivals it is said to have?When a company has a proficiency in performing a strategically and competitively important value chain activity better than its rivals, it is said to have: a competitive advantage over rivals. Which of the following is most likely to represent a company’s most potent resource strength?Which of the following is most likely to represent a companyx26#39;s most potent resource or capability? A distinctive competence in performing a competitively important value chain activity. What are two of the three best indicators as to how well a company’s strategy is working?Explanation: The three best indicators of how well a companyx26#39;s strategy is working are (1) whether the company is achieving its stated financial and strategic objectives, (2) whether its financial performance is above the industry average, and (3) whether it is gaining customers and increasing its market share. Which of the following is essential for a resource or capability to be competitively superior?Which of the following is essential for a resource or capability to be competitively superior? The resource or capability is competitively valuable. The resource or capability can be something that rivals also have in plenty. The resource or capability should have good substitutes available Which of the following analytical tools are particularly useful for determining whether a company’s prices and costs are competitive?Which of the following analytical tools are particularly useful for determining whether a companyx26#39;s prices and costs are competitive? Value chain analysis and benchmarking. the collection of activities it performs in the course of designing, producing, marketing, delivering, and supporting its product or service. Which of the following involves an assessment that considers the resources capabilities and competencies of a business?SWOT analysis is a simple but powerful tool for: sizing up a companyx26#39;s resources and capabilities, strengths and deficiencies, its market opportunities, and the external threats to its future well-being. What are the four tests that should be used to measure the competitive power of a company’s resource strengths?Gain proficiency in using four analytical tools to evaluate a firmx26#39;s ability to compete successfully: SWOT analysis, value chain analysis, benchmarking, and competitive strength assessment. Which one of the following accounts for why a portion of a company’s strategy is always developed on the fly?Which of the following is most likely to represent a companyx26#39;s most potent resource or capability? A distinctive competence in performing a competitively important value chain activity. Which of the following is something to look for in identifying a company’s strategy?E) A companyx26#39;s strategy is developed mostly on the fly because of the constant efforts of managers to come up with fresh moves to keep the companyx26#39;s product offering clearly different and set apart from the product offerings of rival companies. When a company performs a competitively important activity better than its rivals it is said to have?valuable activity better than any of its rivals, then it is said to have a distinctive competence in performing that activity. of a resource strength or capability: 1. When a company performs a particular competitively important activity truly well in comparison to its rivals it is said to have a quizlet?All of the above. Which one of the following is inaccurate as concerns a distinctive competence? A. A distinctive competence is a competitively important activity that a company performs better than its competitors. When an activity becomes something a company has learned to perform proficiently and capably?When an activity becomes something a company has learned to perform proficiently and capably, the company is said to have: A. a competence Which of the following is the best means of evaluating how well a company’s strategy is working?Explanation: The three best indicators of how well a companyx26#39;s strategy is working are (1) whether the company is achieving its stated financial and strategic objectives, (2) whether its financial performance is above the industry average, and (3) whether it is gaining customers and increasing its market share. What indicates resources are competitively powerful?whether the resource is really competitively valuable, if it is rare and something competitors lack, how hard it is to copy or imitate, and how easily it can be trumped by the substitute resource strengths and competitive capabilities of rivals. Is a much used and potent managerial tool for determining?A much-used and potent managerial tool for determining whether a company performs particular functions or activities in a manner that represents x26quot;the best practicex26quot; when both cost and effectiveness are taken into account is: benchmarking. Which of the following is NOT one of the objectives of benchmarking? Which of the following is a good example of a company’s resources or capabilities?The BEST example of a company resource is: having proven technological expertise and an ability to churn out new and improved products on a regular basis. What is resource and capability analysis?You analyze and filter the resources to keep the right amount of skills and competencies at your firm. This helps you focus on developing a finished, quality product using their capability. The products developed by your talent pool drive customers, brand loyalty, and profitability. How well a company performs and the degree of market success it achieves are directly?How well a firm performs and the degree of market success it achieves are directly attributable to: the caliber of its strategy. the proficiency with which the strategy is executed. What is meant by the term best practices Why does it matter whether a company utilizes best practices in performing the activities comprising its value chain?Why does it matter whether a company utilizes x26quot;best practicesx26quot; in performing the activities comprising its value chain? A best practice is a method of performing an activity that consistently delivers superior results compared to other approaches. Which of the following is most likely to represent a company’s most potent resource?Which of the following is most likely to represent a companyx26#39;s most potent resource or capability? A distinctive competence in performing a competitively important value chain activity. What are the company’s competitively important resources and capabilities?Q2: WHAT ARE THE FIRMx26#39;S COMPETITIVELY IMPORTANT RESOURCES AND CAPABILITIES? Competitive Assets: -Are the firmx26#39;s resources and capabilities. -Are the determinants of its competitiveness and ability to succeed in the marketplace. When resources and capabilities serve as a source of competitive advantage?Core competencies are resources and capabilities that serve as a source of a firmx26#39;s competitive advantage over rivals. Core competencies distinguish a company competitively and reflect its personality. What are the four tests of the competitive power of a resource?The competitive power of a resource or capability is measured by how many of four specific tests it can pass. 4 These tests are referred to as the VRIN tests for sustainable competitive advantageu2014VRIN is a shorthand reminder standing for Valuable, Rare, Inimitable, and Nonsubstitutable. When a company performs some activity truly well in comparison to its competitors it is said to have?A. is a more competitively valuable strength than a competence because of the key role the activities play in the company's strategy. When a company performs a particular competitively important activity truly well in comparison to its rivals, it is said to have a: C. distinctive competence.
When a company performs a competitively important activity?When a company has a proficiency in performing a strategically and competitively important value chain activity better than its rivals, it is said to have: a competitive advantage over rivals.
When a company is good at performing a particular internal activity it is said to have?a distinctive competence is a competitively relevant internal activity that a firm performs especially well relative to other internal activities, whereas a core competence is a competitively important activity performed by key strategic allies.
When an activity becomes something a company has learned to perform proficiently and capably The company is said to have?When an activity becomes something a company has learned to perform proficiently and capably, the company is said to have: A. a competence.
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When a company performs a particular competitively important activity truly well in comparison?
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