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 (D)</p> Signup and view all the answers

What are the generic dynamic capabilities described in the text?

<p>Sensing and seizing capabilities (A)</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 (C)</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 (B)</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. (B)</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 (A)</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 (B)</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 (A)</p> Signup and view all the answers

What is organization knowledge?

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

What are the characteristics of tacit knowledge?

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

What is explicit knowledge?

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

What can core competencies deliver?

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

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