Question

Comparing the company’s resource strengths and competitive capabilities against industry key success factors is known as...

Comparing the company’s resource strengths and competitive capabilities against industry key success factors is known as

Select one:

a. Asset analysis

b. Benchmarking

c. Core competency

d. Driving factors

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Solution: Benchmarking

Explanation: Benchmarking refers to making a comparison of the resource strengths and competitive capabilities of the company against industrial key success factors with the usage of a set collection of metrics

Add a comment
Know the answer?
Add Answer to:
Comparing the company’s resource strengths and competitive capabilities against industry key success factors is known as...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • What do you believe are the key factors that determine the market success of fine ladies...

    What do you believe are the key factors that determine the market success of fine ladies handbags and leather accessories? Please summarize Coach’s competitive strategy to compete in the ladies’ handbag and leather accessories industry? Has coach yielded a sustainable competitive advantage? Please do a SWOT analysis for Coach. That is: list the resource Strengths and Weaknesses of Coach Inc.? What distinctive competencies and capabilities does it have that its chief rivals don’t have? What new market Opportunities does Coach...

  • Key Success Factors needed and/or Competitive Strengths of rivals of PepsiCo

    Key Success Factors needed and/or Competitive Strengths of rivals of PepsiCo

  • Discussion Questions 1.What were the key factors behind Netflix’s success in the first era (1997–2006); second...

    Discussion Questions 1.What were the key factors behind Netflix’s success in the first era (1997–2006); second era (2007–2012); and, third era (2013–present)? 2.Use VRIO analysis to identify the capabilities that contributed to Netflix’s sustainable competitive advantage. 3.How did all three elements of dynamic capabilities theory (sensing, seizing, and reconfiguration) contribute to the success of “Netflix Originals” and the company’s global success? 4.Contrast the applicability of Teece’s (1997, 2007) dynamic capabilities framework with Porter’s (1980, 1996) competitive strategy in explaining Netflix’s...

  • Tell me wether each statement is true or false: 1.Factors that cause the rivalry among competing...

    Tell me wether each statement is true or false: 1.Factors that cause the rivalry among competing sellers to be weak include low buyer switching costs and rival sellers that are relatively equal is size and capability. 2.High labor productivity (especially if the production process has high labor content) is a good example of a manufacturing-related key success factor. 3.Whether the company’s sales are growing faster, slower, or about the same pace as the industry as a whole, thus resulting in...

  • You will need to thoroughly understand the environment into which you are considering expanding.  One of the...

    You will need to thoroughly understand the environment into which you are considering expanding.  One of the first tests of a company’s strategy is, “how well does it fit considering the company’s “situation”? The company’s situation is largely composed of its external environment (industry and competitive environment in which it operates) and internal environment (company’s resources and organizational capabilities). 1. For the external portion of the assignment, you will conduct a PESTEL Analysis for an "Accounting firm" to evaluate the external...

  • You will need to thoroughly understand the environment into which you are considering expanding.  One of the...

    You will need to thoroughly understand the environment into which you are considering expanding.  One of the first tests of a company’s strategy is, “how well does it fit considering the company’s “situation”? The company’s situation is largely composed of its external environment (industry and competitive environment in which it operates) and internal environment (company’s resources and organizational capabilities). 1. For the external portion of the assignment, you will conduct a PESTEL Analysis for an "Accounting firm" to evaluate the external...

  • QUESTION 1 You are conducting an Industry Attractiveness analysis. The criterion weights/ratings are Industry Growth rate...

    QUESTION 1 You are conducting an Industry Attractiveness analysis. The criterion weights/ratings are Industry Growth rate 2019, competition/05/2, regulatory factors/10/9 profitability 05/2, technological requirements.20/9, bankers lo entry/15/9 globalization 0512. market volatility 0 1 seasonality 05/rivalry 1018. The results of using an UNWEIGHTED SCALE versus using a WEIGHTED scale. a are differentie using a weighted scale results in a diffemt determination than using an unweighted scale b are the samelewhether using a weighted or unweighted scale, the same determination is reached...

  • Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.6...

    Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.6 "Identify Critical Issues and Priorities" BUSINESS STRATEGY ANALYSIS REQUIRES THE FOLLOWING: 1. Identify strategic goals. – A firm's strategic goals drive business strategy and address the key success factors of the industry. Strategic goals often include the vision or mission statement for the business. They should also set the direction and standard for financial and market results against which actual performance can be measured....

  • Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.4...

    Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.4 "Strategic Performance" BUSINESS STRATEGY ANALYSIS REQUIRES THE FOLLOWING: 1. Identify strategic goals. – A firm's strategic goals drive business strategy and address the key success factors of the industry. Strategic goals often include the vision or mission statement for the business. They should also set the direction and standard for financial and market results against which actual performance can be measured. The two most...

  • It has been suggested that over the next generation we could see our official working lives...

    It has been suggested that over the next generation we could see our official working lives stretch from the current 40 years (25-65) to 55-60 years in length (retire at age 80), in line with predictions of longer productive lives. This change is in line with which component of the macro-environment?             a. Technological             b. Legal/Regulatory             c. Sociocultural             d. Economic conditions             e. Political factors       Which of the following is NOT among the roles performed by the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT