HomeworkLib
Question

1. What is the source of superior profits in the resource-based model? a. Attractive industry b....

1. What is the source of superior profits in the resource-based model?

a. Attractive industry

b. Distinctive strategic capabilities

c. Better timing.

2. Which of the following is not a common factor for successful strategies?

a. Long term goals

b. Deep understanding of competitive environment

c. Objective appraisal of firm's resources and capabilities

d. Superior financial position

business   Operations-Management   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

1. What is the source of superior profits in the resource-based model?

correct answer is a. Attractive industry

Attractive industry and competitive advantage are two source of superior profits in the resource-based model


2. Which of the following is not a common factor for successful strategies?

Correct answer is d. Superior financial position

Defining long term goals, exploring competitive opportunities and understanding of firm's resources and capabilities are factors for successful strategies

0 0
Add a comment
Know the answer?
Add Answer to:
1. What is the source of superior profits in the resource-based model? a. Attractive industry b....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • To launch the rich dialogue of what is expected throughout this course, choose a company that...

    To launch the rich dialogue of what is expected throughout this course, choose a company that has been recognized recently as successful and is located in the Middle East. Then, in an original post, present well-written answers to the following questions: What is the strategy of the organization? What aspects of the strategy have been successful and/or unsuccessful? How does the strategy compare with the four components that form the basis of the strategy framework shown in Figure 1.1 of...

  • Calculating quantitative attractiveness ratings for the industries a company has diversified into involves selecting a set...

    Calculating quantitative attractiveness ratings for the industries a company has diversified into involves selecting a set of industry attractiveness measures, weighting the importance of each measure, rating each industry on each attractiveness measure, multiplying the industry ratings by the assigned weight to obtain a weighted rating, adding the weighted ratings for each industry to obtain a weighted overall industry attractiveness score, and using the weighted overall industry attractiveness scores to evaluate the attractiveness of all the industries, both individually and...

  • Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.4...

    Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.4 "Strategic Performance" BUSINESS STRATEGY ANALYSIS REQUIRES THE FOLLOWING: 1. Identify strategic goals. – A firm's strategic goals drive business strategy and address the key success factors of the industry. Strategic goals often include the vision or mission statement for the business. They should also set the direction and standard for financial and market results against which actual performance can be measured. The two most...

  • Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.6...

    Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.6 "Identify Critical Issues and Priorities" BUSINESS STRATEGY ANALYSIS REQUIRES THE FOLLOWING: 1. Identify strategic goals. – A firm's strategic goals drive business strategy and address the key success factors of the industry. Strategic goals often include the vision or mission statement for the business. They should also set the direction and standard for financial and market results against which actual performance can be measured....

  • Question 1: Reputation and organizational culture are examples of A) Tangible assets B) A competitive advantage...

    Question 1: Reputation and organizational culture are examples of A) Tangible assets B) A competitive advantage C) Capabilities D) Intangible assets Question 2: Why is organizational structure important in RBV? A) The structure of the organization determines the best strategy with which to engage its competitors B) RBV argues that organization structure is peripheral to companies C) Organizational structure is a source of the managerial controls central to RBV D) Organizational structure is a major determinant of a firm's ability...

  • Tell me wether each statement is true or false: 1.Factors that cause the rivalry among competing...

    Tell me wether each statement is true or false: 1.Factors that cause the rivalry among competing sellers to be weak include low buyer switching costs and rival sellers that are relatively equal is size and capability. 2.High labor productivity (especially if the production process has high labor content) is a good example of a manufacturing-related key success factor. 3.Whether the company’s sales are growing faster, slower, or about the same pace as the industry as a whole, thus resulting in...

  • The Resource-Based View in Sports This activity is important because as a manager, you should understand...

    The Resource-Based View in Sports This activity is important because as a manager, you should understand the factors that affect a firm's profitability and long-term survival. According to the resource-based view, a company can gain competitive advantage from resources that are inimitable and rare. The goal of this exercise is to demonstrate your understanding of the resource-based view by answering questions after reading a case study. Read the case about the resource-based view in sports and answer the questions that...

  • Question: Using Michael Porter's Diamond Model of National Advantage, perform a critical analysis of Narendra Modi's...

    Question: Using Michael Porter's Diamond Model of National Advantage, perform a critical analysis of Narendra Modi's "Make in India" industrial policy. Is "Make in India" responsive to India's competitive advantages (and disadvantages)? Why or why not? For your reference, here is information regarding what Porter's Diamond Model of National Advantage is: The Diamond of National Advantage Why are certain companies based in certain nations capable of consistent innovation? Why do they ruthlessly pursue improvements, seeking an ever more sophisticated source...

  • Differentiation strategies are successful in addressing the competitive force of the bargaining power of suppliers because:...

    Differentiation strategies are successful in addressing the competitive force of the bargaining power of suppliers because: a. the company is operating at such high volumes that it can leverage its buying position to receive lower prices. b. they prevent new companies from entering into the industry through economies of scale. c. brand loyalty is a byproduct of this strategy, leading customers to choose the company's product over its rivals' products. d. the higher margins of the firm can reduce the...

  • This questions has been asked and answered twice before, but that answer it not what I...

    This questions has been asked and answered twice before, but that answer it not what I am looking for. I need a new and complete answer, so please do not copy and paste from the previous post. If you're unable to answer it then leave it for someone who can and please don't waste my question. THANKS IN ADVANCE! Below is a sample job description of a human resource manager. However, it is filled with problems. Based on what you...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT