Strategic Capabilities and Dynamic Capabilities Quiz
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Questions and Answers

What are the components of strategic capabilities as described in the text?

  • Dynamic and ordinary capabilities
  • Sensing and seizing capabilities
  • Resources and competencies (correct)
  • R&D and market research
  • Which type of capabilities are means by which an organization has the ability to recreate and renew strategic capabilities to meet the needs in a changing environment?

  • R&D capabilities
  • Dynamic capabilities (correct)
  • Seizing capabilities
  • Sensing capabilities
  • Which activity involves constantly scanning and exploring new opportunities across markets and technologies?

  • R&D
  • Joint ventures and acquisition
  • Seizing capabilities
  • Sensing capabilities (correct)
  • What does seizing capabilities involve?

    <p>Addressing opportunities through new products, processes, and activities</p> Signup and view all the answers

    What are the generic dynamic capabilities described in the text?

    <p>Sensing and seizing capabilities</p> Signup and view all the answers

    What are the specific examples of dynamic capabilities provided in the text?

    <p>55 000 engineers learning new skills</p> Signup and view all the answers

    What are distinctive capabilities or unique capabilities?

    <p>Capabilities required for an organisation to compete in a given market</p> Signup and view all the answers

    What is the difference between 'explicit' knowledge and 'tacit' knowledge?

    <p>Explicit knowledge is hard to formalize and communicate, while tacit knowledge can be easily transferred.</p> Signup and view all the answers

    What does benchmarking mean?

    <p>Comparing an organization's performance against its competitors' standards of product or service</p> Signup and view all the answers

    What are threshold capabilities?

    <p>Capabilities that are needed for an organisation to meet the necessary requirements to compete in a given market</p> Signup and view all the answers

    What are core competences?

    <p>Links between distinctive capabilities deriving from resources, skills &amp; activities that bundle together to bring a competitive advantage</p> Signup and view all the answers

    What is organization knowledge?

    <p>The collective intelligence specific to an organization</p> Signup and view all the answers

    What is best in class benchmarking?

    <p>Comparing an organization's performance against the highest standards in the industry</p> Signup and view all the answers

    What are the characteristics of tacit knowledge?

    <p>Hard to formalize and communicate</p> Signup and view all the answers

    What is explicit knowledge?

    <p>Transmitted in formal systematic ways</p> Signup and view all the answers

    What can core competencies deliver?

    <p>Extra value to customer and differentiation from competitors</p> Signup and view all the answers

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