a firm's tangible resource includes which of the following?

A firms tangible resource includes which of the following Selected A) Knowledge. B) financial resources, physical resources, and the capacity to combine intangible resources. In working through the decision tree, once a no is obtained, there is no need to continue through the tree. Do firm resources and capabilities add value? VALUABLE resources aid in improving the organizations effectiveness and efficiency while neutralizing the opportunities and threats of competitors. Other resources are hard to copy because they evolve over time and they reflect unique aspects of the firm. See Page 1. Do you believe most, You work for an organization that has traditionally been very formalized, and managers have had a very broad span of control over direct reports from multiple departments and functions. The VRIO tool can be used to determine if resources or capabilities are valuable, rare, difficult-to-imitate, and organized to capture value, and thereby understand what type of competitive advantage they offer to a firm. BUS 1101 Ch. 5 Flashcards | Quizlet Design and emergence strategies involve specific levels of the organization. B) culture, tangible resources, intangible resources. Southwest Airlines, for example, has developed the capability of providing excellent customer service by building on its strong organizational culture. Resource-based theory contends that the possession of strategic resources provides an organization with a golden opportunity to develop competitive advantages over its rivals (Table 4.1). \text{Household} & & & \\ This is an example of, A variety of firm resources include interpersonal relations among managers in the firm, its culture, and its reputation with its suppliers and customers. ~~~~~\text{Furniture} & & 125.00 & 125.00\\ C) financial analysis and stakeholder perspectives. A retail chain that sells home entertainment systems, computers, and other electronics is far outselling is competitors based on its innovation processes. What was the Kujawas total expenditure for the month of July? D) outstanding customer service, innovativeness of products, and reputation. Cost leaders must maintain their marketing or face the possible entry of more cost-effective competitors. turning over an organizational activity to an outside supplier. Which of the following is not a limitation of SWOT (Strengths, Weaknesses, Opportunity, Threats) analysis? Also assume that the cost of each unit of labor is $50. \text{Transportation}\\ Most airlines struggle to be profitable, but Southwest makes money virtually every year. Tangible resources can be understood as the resources of a company that can be seen, and measured and are physical in nature. Complete the following statements using either "debit" or "credit": (b) The owner's capital account is increased with a _________. Coca-Cola has an uncanny knack for building new brands and products as the soft-drink market evolves. d. Controlling ~~~~~\text{Life/car insurance premiums} & & 132.50 & 132.50\\ A) Organizational strengths may not lead to competitive advantage, B) SWOT's focus on the external environment is too broad and integrative, C) SWOT gives a one-shot view of a moving target, D) SWOT overemphasizes a single dimension of strategy. O - The best strategies, corporate and business, are based on a thorough SWOT analysis, The intensity of industry competition and an industrys profit potential are a function of which of the following forces of competition? B-Strat Ch. 3 Flashcards | Chegg.com ~~~~~\text{Car registration} & &4.33 & 0\\ All Rights Reserved. C) organizational culture and leadership. It. This video is the song That Thing You Do! by the Wonders. ~~~~~\text{Credit payments} & & 50.00 & 41.74\\ \text{Entertainment} \\ 10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes. Acknowledged by top management Knowledge b. Production equipment economics. Review the material in Chapter 20 and respond to the following: Discuss the modern quantity theory and the liquidity preference theory. b. Hierarchical diversification To most individuals, cash is an important resource. A firm's tangible resource includes which of the following? B) effective information systems contributing significantly to a firm's overall cost leadership strategy. Explanation: Tangible resources have a physical form, t, 5. Has Southwest organized this resource of culture to capture value? A resource is organized to capture value when the firm has organizational systems, processes, and structure in place to capitalize on the resource for a competitive advantage. Examples of tangible resources (in the resource-based view of the firm) include: A) financial resources, human resources, and firm competencies. \end{array} d. Unique style C. "Afirm's reputation D. Afirm's headquarters building. 5 Option A Question 5 A firm's tangible resource includes which of the following? Cost leaders must maintain their marketing or face the possible entry of more cost-effectivecompetitors. Satisfying only one or two of the valuable, rare, difficult-to-imitate, organized to capture value criteria will likely only lead to competitive parity or a temporary advantage. The airline had so little money that at times it had to temporarily borrow luggage carts from other airlines and put magnets with the Southwest logo on top of the rivals logo. ~~~~~\text{Heating fuel} & & 50.00 & 15.00\\ What are the degrees of freedom for Solved 11.- All of the following are tangible resources - Chegg This means that a firm has a unique ability to create new capabilities. What are original equipment manufacturers (OEMs)? Not surprisingly, Coca-Cola ranks among the top twelve in Fortunes Worlds Most Admired Companies for 2020. The industry characteristics that make it very difficult for firms to achieve strategic competitiveness and earn above-average returns includes all of the following EXCEPT: a. ______________ are assets that can be seen and quantified. Two or more firms competing for differentiation may engage in price wars that drive profits to very low levels. & &\text{Amount}& \text{Amount}\\ D. T or F Capabilities tend to arise over time as a firm takes actions that build on its strategic resources. 1.3 Intended, Emergent, and Realized Strategies, 1.5 Contemporary Critique of Strategic Management, 1.6 Understanding the Strategic Management Process, 3.2 The Relationship between an Organization and its Environment, 4.4 Intellectual Property & Isolating Mechanisms, 6.2 Understanding Business-Level Strategy through "Generic Strategies", 6.5 Focused Cost Leadership and Focused Differentation, 7.6 Responding to Innovation in the Market, 8.6 Portfolio Planning and Corporate-Level Strategy, 9.2 Advantages and Disadvantages of Competing in International Markets, 9.5 Drivers of Success and Failure When Competing in International Markets, 9.6 Options for Competing in International Markets, 10.3 The Basic Building Blocks of Organizational Structure, 10.4 Creating an Organizational Structure, 10.5 Creating Organizational Control Systems, 11.4 Corporate Ethics and Social Responsibility, 11.5 Contemporary Questions of Corporate Ethics. a process through which unique products that command high prices and high margins gradually lose their ability to do so. A firm's tangible resource includes which of the following? a. For the Unit 8 Learning Journal, reflect for a few minutes on the four functions of management: Planning, Organizing, Leading, and Controlling, represented by the acronym P-O-L-C. firms that execute the design blueprints provided by western firms. T or F D) Production equipment can be considered an asset or resource of a company that is physical in nature and can be measured, making it a tangible resource. Superiority in competitive advantage refers to all of the following factors EXCEPT: a. b. A) By employing JIT inventory systems, Hewlett Packard has been able to cut lead time from five days to one. Not surprisingly, this firm ranks among the top twelve in Fortunes Worlds Most Admired Companies for 2020. Customer service (review sheet 4), The tenpoint plan of the new world order-1, Leadership class , week 3 executive summary, I am doing my essay on the Ted Talk titaled How One Photo Captured a Humanitie Crisis https, School-Plan - School Plan of San Juan Integrated School, SEC-502-RS-Dispositions Self-Assessment Survey T3 (1), Techniques DE Separation ET Analyse EN Biochimi 1, The text defines stakeholders as: Individuals and organizations who are actively involved in the organization or whose interests may be positively or negatively affected as a result of what the organization does (Carpenter et. Course Hero is not sponsored or endorsed by any college or university. Physical assets such as a firm's property, plant, and equipment, as well as cash, are considered to be tangible resources. D) reputation with suppliers and customers. Quiz 4 Flashcards | Quizlet Ratios that reflect whether or not a firm is efficiently using its resources are known as, Historical comparisons provide information to managers about changes in a firm's competitive position. Which of the following forms of diversification occurs when a firm operates multiple. D) the effectiveness of its lobbying activities. 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Build the IS-LM function.b. The particular bundles of resources and capabilities that provide unique advantages to the, Core competencies are resources and capabilities that serve as a source of a firms. Knowledge b. O - A firm's tangible resource includes which of the following? A) if the overall strategy of the firm is the same. 2) Product quality. Superiority in competitive advantage refers to all of the following factors: 1) Customer service. The Cambodian plant is an example of which type of business? Which of the following is considered an intangible resource? It does not help or hurt Southwest competitively. ~~~~~\text{Telephone bill} & & 35.00 & 41.20\\ The contribution of tangible and intangible resources, and capabilities A resource that is valuable and rare but that can be imitated, for example, might provide an edge in the short term, but competitors can eventually overcome such an advantage. Since the firm has two units of capital, the firm's total fixed cost is$20. Resources and capabilities are the basic building blocks that organizations use to create strategies. Captures how vision and mission will be achieved. A firm's tangible resource includes which of the following? Despite having three of the four properties of strategic resources, water in the United States has remained cheap; however, this may be changing. This is an example of which concept? When analyzing organizations, however, common resources such as cash and vehicles are not considered to be strategic resources. c. Product quality A. Cost leadership is a low-cost, broad-based market strategy. Question: What is the average total cost when two units of labor (L) are employed? A) Knowledge can be considered an important asset or resource of a company, but it is not physical in nature. B) financial resources, physical resources, and the capacity to combine intangible resources. Organizational routines d. Production equipmentd; Easy (Comprehension) 3. C. physical resources, such as the company's brand, image, and reputation . Solved 5. Which of the following is considered an intangible - Chegg Other difficult-to-imitate resources, such as brand names, usually need time to develop fully. c. Leading In value chain analysis, the activities of an organization are divided into two major categories of value activities: primary and support. Is Southwests culture valuable? In a 300-500 word Learning Journal, identify a management principle or method from the course for each of the four functions of management. The purpose of this paper is to investigate the relative contribution of tangible resource (TR) and intangible resource (IR), and capabilities on firm performance based on the measures of market share, sales turnover and profitability. LegacyRecordingsVEVO. a. Trading in strategic resources: Necessary conditions, transaction cost problems, and choice of exchange structure. When a company's resources are valuable but not rare, the company is said to have which element? there are several forces for organizational change: workplace demographics, technology, globalization, market conditions, growth, and poor performance. Learn more about how Pressbooks supports open publishing practices. Industry characteristics of an attractive industry, one where firms may achieve strategic competitiveness and earn above-average returns includes which of the following? For a differentiation strategy to be effective, the product difference should NOT be, The different aspects of strategy as distinguished by Mintzberg include which of the, Firms pursuing a differentiation strategy are vulnerable to different competitive threats. Workers at the Cambodian plant produce the clothing according to the European firm's designs and specifications. B) need to maintain the reputation of the company. A dynamic capability exists when a firm is skilled at continually updating its array of capabilities to keep pace with changes in its environment. Tangible resources are resources that can be readily seen, touched, and quantified. This culture is also rare in that strikes, layoffs, and poor morale are common within the airline industry. Southwests culture arose from its very humble beginnings and has evolved across decades. As another example, what about Southwest Airlines capability to arrive on time at a much higher rate than the industry average? \text{Expenses} & & \text{Budgeted} & \text{Spent}\\[10pt] D) short-term perspectives and strategic positioning. EXPENDITURESFORTHEMONTHOFJULY\begin{array}{c} A resource is valuable to the extent that it helps a firm create strategies that capitalize on opportunities and ward off threats.

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