Chapter 2 CS

What is the main goal of business-unit strategy?

What does RBV help explain?

Based on Vanneste's Meta Analysis, which level exhibits the highest variance findings?

In the HACO Gruppe, which entity is located in Austria?

What is the purpose of corporate strategy according to the text?

What are some characteristics that make markets imperfect?

Which model is often used to analyze competitor strengths according to the text?

What are the generic strategies mentioned in the text as part of fulfilling strategic purposes?

Which view emphasizes the importance of resources in achieving competitive advantage?

In the formula y = f(x1, x2) mentioned in the text, what does x2 represent?

What are some examples of core competencies mentioned in the text?

When investing in resources, what is emphasized to maintain a competitive edge?

What is one key consideration when upgrading resources according to the text?

How does the text suggest leveraging resources for strategic advantage?

In the context of corporate strategy, what does 'concentration on resources' involve?

What does 'Resource picking/selecting' involve in the context of corporate strategy?

Which of the following is NOT listed as a part of the functional areas in the context of corporate capabilities?

In the context of corporate capabilities, what does 'Capability building' refer to?

Which company is given as an example of having the capability in basic research?

What is the significance of 'Disaggregation of the resources' in corporate strategy?

What is the main difference between a core competency and a distinctive competence?

According to the Resource-based View (RBV), what can it explain?

Which type of resources are included in Liebherr's intangible resources?

What distinguishes a competency from a core competency?

Why do firms possess both a competitive advantage in a single business unit and a corporate advantage extending across business units?

Which of the following is NOT considered an intangible asset in the context of corporate strategy?

In the context of organizational capabilities, what would a firm pursuing a low-cost strategy focus on?

Which of the following best defines an organizational capability?

What type of asset is Easyjet’s aircraft in the context of corporate strategy?

Which of the following best describes how capabilities are related to a firm's strategy?

What is the focus of the resource-based view (RBV) in businesses?

Which term from the text refers to resources that are difficult for competitors to imitate?

What concept is used to evaluate whether resources provide a competitive advantage based on value, rarity, inimitability, and organization?

Which of the following is NOT a type of resource mentioned in the text?

In the context of corporate strategy, what is the primary focus of core competencies?

What does the concept of 'Appropriability' in the VRIO framework refer to?

Which aspect makes a resource valuable according to the text?

What is one of the criteria used to evaluate resources within the VRIO framework?

Which term describes the process of speeding up the return horizon of resources?

What do core products represent in the context of corporate strategy?

_______ Strategy is determined by how to compete in a business unit.

_______ Strategy is determined by where to compete across several business units.

RBV clarifies why a firm exhibits a competitive advantage in a single business sector and a corporate advantage that extends across several _______ units.

_______ helps to exploit market inefficiency

Porter’s model of competitor strengths includes _______

_______ positioning of a corporation relative to the competitors in a specific sector

Resources and _______ View (VRIO)

_______ alignment of activities and investments (e.g., Marketing, R&D)

One of the core competencies from Amazon is ______ management

Corporate strategy involves investing in resources to build and maintain competitively superior ______

In corporate strategy, leveraging resources involves convergence, focus, and ______

___________ of the resources is crucial in corporate strategy.

One of the aspects of upgrading resources is adding ______ resources

Identifying corporate ___________ is essential for strategic planning.

To achieve strategic advantage, firms must concentrate on resources, accumulate resources, and complement resources through linking with ______ factors

____________ building is a key aspect of resource deploying.

Alphabet is known for its capability in ____________.

The focus of the resource-based view (RBV) is on leveraging __________ for competitive advantage.

A competency is an internal capability that a company performs better than its other internal ______.

A core competency is a well-performed internal capability that is central to a company’s strategy, competitiveness, and ______.

A distinctive competence is a competitively valuable capability that a company performs better than its ______.

RBV can explain why one firm is different from another and what makes a competitive advantage ______.

RBV clarifies why a firm possesses a competitive advantage in a single business unit and a corporate advantage extending across business ______.

______ Assets include Coca-Cola's Coke recipe

A firm pursuing a differentiation strategy would focus on ______ product development

Capabilities govern the efficiency of activities or quality of outputs, which are usually considered as a 'bundle' of assets or resources to perform a business ______

RBV clarifies why a firm exhibits a competitive advantage in a single business sector and a corporate advantage that extends across several ______ units

Resource-based view (RBV) emphasizes the importance of resources in achieving ______ advantage

______ of resources: recycling and co-optation (hard to imitate)

Components of Internal (Resource) Analysis Competitive advantage (distinctive competence) Core competencies Resources Tangible Intangible ______ Criteria Value Chain Scarcity, Feasability, Appropriability (or VRIO) Integration Out-sourcing Sale

After today’s session you will be able to answer the following questions: The meaning of the resource-based view (RBV) for businesses. What are „valuable“ resources and where do they come from? How resources and capabilities are relevant to ______ strategy?

Learning Objectives After today’s session you will be able to answer the following questions: The meaning of the resource-based view (RBV) for businesses. What are „valuable“ resources and where do they come from? How resources and capabilities are relevant to ______ strategy?

What are „valuable“ resources and where do they come from? How resources and capabilities are relevant to corporate ______?

What are „valuable“ resources and where do they come from? How resources and capabilities are relevant to ______ strategy?

______ and Rents

The Roots of Competitiveness End Products 1 2 3 Business 1 Business 2 Business 3 Business 4 Core Product 2 Core Product 1 Competence 1 Competence 2 Competence 3 Competence 4 (Prahalad and Hamel, HBR, 1990, p.81) © Artur Baldauf l Department of Management & Entrepreneurship l University of Bern Corporate Strategy 31 Components of Internal (Resource) Analysis Competitive advantage (distinctive competence) Core competencies ______ Tangible Intangible Capabilities Criteria Value Chain Scarcity, Feasability, Appropriability (or VRIO) Integration Out-sourcing Sale

Resources ______ Capabilities Criteria Value Chain Scarcity, Feasability, Appropriability (or VRIO) Integration Out-sourcing Sale

Resources Tangible Intangible ______ Criteria Value Chain Scarcity, Feasability, Appropriability (or VRIO) Integration Out-sourcing Sale