Feedback Week 3 QuizHelp

You submitted this quiz on Thu 30 Jan 2014 10:02 AM PST. You got a score of 5.00 out of 10.00. You can attempt again, if you'd like.

Question 1
For a capability to provide a sustained competitive advantage it must be... Your Answer Score Explanation

Aligned with the organizations value proposition.

All of the above

Correct

1.00

Durable over time.

Difficult for competitors to imitate.

Total

1.00 / 1.00

Question 2
Which of the following best describes why a brand like Coca Colas is competitively valuable? Your Answer Score Explanation

The brand stands alone without needing complementary assets

The brand has been built over time through substantial investment

Correct

1.00

Maintaining the brand involves minimal investment

The brand is not protected by copyright or other forms of intellectual property protection

Total

1.00 / 1.00

Question 3
A capability that is easy to imitate may provide a sustained competitive advantage if which of the following is true? Your Answer Score Explanation

It can easily be put to use in a variety of settings

It is more valuable in conjunction with rare complementary assets held by the firm

It is more valuable in conjunction with rare complementary assets held by another firm

Inorrect

0.00

It can easily be increased in scale

Total

0.00 /

1.00

Question 4
Which of the following assets is the EASIEST to imitate? Your Answer Score Explanation

A firm's reputation for superior customer service.

A new fleet of airplanes leased by an airline.

Correct

1.00

A causally ambiguous interaction between human resource practice and production efficiency.

An established brand identity developed over many years.

Total

1.00 / 1.00

Question 5
Which of the following is NOT a necessary condition for a capability to be rent producing? Your Answer Score Explanation

The capability t is valuable.

The capability is easy to imitate.

The capability has few substitutes.

Inorrect

0.00

The capability is rare.

Total

0.00 / 1.00

Question 6
Under which of the following conditions is a firm UNLIKELY to have acquired a rent-producing asset? Your Answer Score Explanation

Firm has superior information about the value of the asset.

Firm purchased the asset on competitive factor markets.

Firm fortuitously acquires the asset due to some historical contingency.

Inorrect

0.00

Firm has existing capabilities that make the asset more valuable to that firm.

Total

0.00 / 1.00

Question 7

A capability is likely to continue to produce economic profits even when which of the following is true? Your Answer Score Explanation

Many firms can imitate the asset.

One rival firm can develop a highly effective substitute for the asset.

Correct

1.00

The firm chooses to let rivals use the asset for a fee.

Technology shifts so that the asset is no longer relevant in creating value.

Total

1.00 / 1.00

Question 8
A value-creating asset can be acquired from a competitor for less than the value of that asset when Your Answer Score Explanation

The firm has an existing complementary capability that makes the asset less valuable to the firm than the competitor.

The firm has superior information about the underlying

value of the capability.

All of the above.

Inorrect

0.00

Technology shifts so that the asset is no longer relevant in creating value.

Total

0.00 / 1.00

Question 9
Under which of the following conditions may a firm be able to deter imitation of a valuable capability? Your Answer Score Explanation

Legal barriers, such as a patent, are absent.

Inorrect

0.00

Value derives from tight combinations between resources and activities.

The capability was developed easily over the last 12 months.

The firm cannot credibly commit to a course of action.

Total

0.00 / 1.00

Question 10
Which of the following illustrates how an organization can build a superior capability? Your Answer Score Explanation

Acquiring a competitor to gain control of their patent portfolio.

All of the above.

Correct

1.00

Hiring a talented employee away from a rival.

Investing R&D to innovate a new technology.

Total

1.00 / 1.00