Indicate she answer choice that best completes the statement or 1. Internal anal
ID: 326761 • Letter: I
Question
Indicate she answer choice that best completes the statement or 1. Internal analysis enables a firm to determine whnt i e will do d. might do. matching of what a firm CAN DO with what it MIGHT DO a. balances the internal characteristics of the firm with the characteristics of the external environment b. overcomes the rigidity and inertia resulting from a history of suocess. e. yields insights the firm requires to select its strategy d. develops core competencies based on human knowledge 3. The key to achieving competitiveness, earning above-average returms, and run is to manage current core competencies: remaining ahead of competitors in the long a. in a way that uniquely bundles and leverages the firm's existing resources. b. while simultaneously developing new ones c. and imitate the core competencies of successful competitors. d. in order to preserve and enhance them against the firm's competitors 4. Which of the following is NOT a component of internal analysis leading to competitive advantage? a. Tangible and intangible resources b. Analysis of supplier power c. Capabilities d. Core competencies 5. Value consists of a product's: a proprietary characteristics and attributes for which customers are willing to pay b. performance characteristics and attributes for which customers are willing to pay. c. proprietary d. performance characteristics and attributes for which customers consider paying. characteristics and attributes for which customers consider paying 6 are the source of a firm's , which are the source of the firm's a. Resources; capabilities, core competencies b. Capabilities; resources; core competencies c. Capabilities; resources; above-average returns d. Core competencies; resources; competitive advantage 7. The three conditions that characterize difficult managerial decisions concerning resources, capabilities, and core competencies are: a. complexity, rarity, and human intellectual capital. b. uncertainty, complexity, and intraorganizational conflicts. c. imitability, complexity, and interorganizational conflicts. d. imitability, comparability, and human intellectual capital. Copyright Cengage Learming. Powered by CognerExplanation / Answer
Please find below answers to first 4 questions :
Internal analysis helps a firm to analyse its capacity and capability which helps it to decide what it Can do.
What it should do or might do or will do will depend on external factors and influences such as market dynamics, shareholders’ directive, directive from regulators etc.
Therefore , correct answer would be“ a. Can do “
Internal analysis helps a firm to determine what it : CAN DO
Answer to question 2 :
As explained above, what IT MIGHT DO depends on external influences on the firm , the correct answer should be “ a. balances the internal characteristics of the firm with the characteristics of the external environment”
ANSWER : a ) Balances the internal characteristics of the firm with the characteristics of the external environment
Answer to question 3 :
Core competency of a company means following:
Based on above attributes and definition of core competency , the correct answer should be “ a. in a way that uniquely bundles and leverages the firm’s existing resources “
ANSWER : a) IN A WAY THAT UNIQUELY BUNDLES AND LEVERAGES THE FIRM’S EXISTING RESOURCES
Answer to question 4 :
Supplier is an external resource and therefore analysis of supplier power cannot be termed as Internal analysis. Therefore correct answer would be “ b. analysis of supplier power “
ANSWER ; b ) ANALAYSIS OF SUPPLIER POWER
Internal analysis helps a firm to determine what it : CAN DO