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If a firm want to take competitive advantage over its rivals then it must utilize its resources such as, physical resources, organizational resources and human resources in the most effective and efficient manner. How are the organizational resources linked to the competitive advantages and corporate performance of an organization?Physical resources such as the plant, machinery, equipment, production technology and capacity contribute positively towards organisational competitive advantage and eventually result in superior organisational performance (Morgan et al., 2004; Ainuddin et al., 2007). How can a firm fully exploit the competitive potential of its resources capabilities and competencies?To fully exploit the competitive potential of its resources, capabilities and competencies, a firm must be organized to capture value. a resource is valuable if it helps a firm exploit an external opportunity or offset an external threat. Which of the following statements accurately brings out distinction between a firm’s resources and capabilities?Which of the following statements accurately brings out the distinction between a firm’s resources and capabilities? While resources reinforce core competencies, capabilities allow managers to orchestrate their core competencies. What are the 5 competitive advantages?Five types of competitive advantage
Which of the following resources is a source of competitive advantage * Physical resources human resources organizational resources all of the above?HR environment is responsible for competitive advantage as it cannot be imitated easily by the competitors. Human resources are more important than physical resources. It is easy to obtain competitive advantage out of HR practices. What are examples of competitive advantages?Examples of Competitive Advantage
23-Jun-2022 How many sources of competitive advantage are there?Competitive advantage comes from many places beyond simply the product and service and below I have outlined 14 possibilities for advantage. They are supported by considerable data, research and experience; the data sources are included in a bibliography below for your reference. How do an organization’s resources and capabilities result in a competitive advantage?Competitive advantage is created by using resources and capabilities to achieve either a lower cost structure or a differentiated product. A firm positions itself in its industry through its choice of low cost or differentiation. This decision is a central component of the firm’s competitive strategy. How are resources related to competitive advantage?Resource-based theory of competitive advantage argues that innovations achieve sustainable competitive advantage by accumulating and using resources to serve consumer interests in ways that are hard to substitute for or imitate. It states that successful innovations are determined not just by the innovation. What are the major sources of competitive advantages of an organization?Sources of Competitive Advantage
10-Nov-2020 How organizational resources and capabilities affect firm performance?The results revealed that organizational resources significantly affect firm performance. The study contributes to theory building by demonstrating empirically that efficient bundling of resources results to firm capabilities which are harder to be imitated by competitors, and this contributes to superior performance What a firm can do function of resources capabilities and core competencies?Core Competencies Criteria A resource or capability is a core competency if it is valuable, rare, costly to imitate, and non-substitutable. A capability or resource is valuable when it allows the company to capitalize on opportunities or defend against external threats How do resources and capabilities add value to the organization?Resources and Capabilities are the sources of competitive advantage and the primary source of profitability for any firm. Resources and capabilities empower a company to drive the business and face competition with their products offerings for the need of customers How dynamic capabilities can help a firm sustain competitive advantage?Dynamic capabilities are the routines and processes that enable companies to transform themselves and evolve with the times. By developing these capabilities that go beyond ordinary strategic capabilities, firms will be in a strong position to achieve a long-lasting competitive advantage. How does the resource-based view of firms help in determining the sustainability of a competitive advantage?Resource-based theory of competitive advantage argues that innovations achieve sustainable competitive advantage by accumulating and using resources to serve consumer interests in ways that are hard to substitute for or imitate. It states that successful innovations are determined not just by the innovation. Which of the following explains how dynamic capabilities are different from the resource based view quizlet?a temporary competitive advantage. Which of the following explains how dynamic capabilities are different from the resource-based view? Dynamic capabilities deal with resource heterogeneity How resources and capabilities provide competitive advantage?Competitive advantage is created by using resources and capabilities to achieve either a lower cost structure or a differentiated product. A firm positions itself in its industry through its choice of low cost or differentiation. This decision is a central component of the firm’s competitive strategy. Which of the following is a possible way for a firm to gain a competitive advantage quizlet?The results revealed that organizational resources significantly affect firm performance. The study contributes to theory building by demonstrating empirically that efficient bundling of resources results to firm capabilities which are harder to be imitated by competitors, and this contributes to superior performance What are the 5 areas of competitive advantage?Five types of competitive advantage
What are the 6 factors of competitive advantage?The six factors of competitive advantage are: Price, location, quality, selection, speed,turnaround and service. What are the four competitive advantages?Examples of Competitive Advantage
23-Jun-2022 Which of the following resources is source of competitive advantage?If a firm want to take competitive advantage over its rivals then it must utilize its resources such as, physical resources, organizational resources and human resources in the most effective and efficient manner. What is competitive advantage in economics?Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. These factors allow the productive entity to generate more sales or superior margins compared to its market rivals. How are organizational resources linked to the competitive advantages?Physical resources such as the plant, machinery, equipment, production technology and capacity contribute positively towards organisational competitive advantage and eventually result in superior organisational performance (Morgan et al., 2004; Ainuddin et al., 2007). Which of the following statements accurately brings out distinction between a firm's resources and capabilities?Which of the following statements accurately brings out the distinction between a firm's resources and capabilities? While resources reinforce core competencies, capabilities allow managers to orchestrate their core competencies.
Which of the following explains how dynamic capabilities are different from the resource based view quizlet?a temporary competitive advantage. Which of the following explains how dynamic capabilities are different from the resource-based view? Dynamic capabilities deal with resource heterogeneity. Dynamic capabilities deal with intangible resources.
Which of the following statements accurately brings out the difference between tangible and intangible resources quizlet?3. Which of the following statements accurately brings out the difference between tangible and intangible resources? B. Tangible assets can be bought on the open market, whereas intangible assets cannot be easily purchased.
Which statement pertains to the key difference between resources and capabilities?E. a resource represents the firm's human assets, whereas a capability defines the skills and knowledge of these human resources.
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Which of the following statements accurately brings out distinction between a firms resources and capabilities?
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