Question

Question 1: Reputation and organizational culture are examples of

A) Tangible assets

B) A competitive advantage

C) Capabilities

D) Intangible assets

Question 2: Why is organizational structure important in RBV?

A) The structure of the organization determines the best strategy with which to engage its competitors

B) RBV argues that organization structure is peripheral to companies

C) Organizational structure is a source of the managerial controls central to RBV

D) Organizational structure is a major determinant of a firm's ability to exploit it resources

Question 3: UTSA cannot acquire the same number of Ivy League faculty as a wealthier school, like UT Austin or Berkeley. In this case, UTSA's competitive disadvantage is due to the

A) Maturity of the industry

B) The inimitability of a particular resource

C) The rarity of a specific resource

D) Dynamism of the industry

Question 4: "Does it reduce cost or increase the willingness of customers to pay?'" is a question seeking to understand if a resource

A) is valuable

B) is necessary to compete

C) is difficult to imitate

D) Will be a source of competitive advantage

Question 5: Which statement least explains why Gregg Popovich is an important resource for the Spurs organization

A) He excels at designing successful plays during basketball games

B) He is involved with the Spurs organization at multiple levels

C) He is unlikely to ever leave the Spurs organization

D) He has a strong reputation among players and executives

Question 6: The resource-based view (RBV) primarily argues that

A) Resources should be stockpiled and hoarded for long term success

B) Competition over resources is a major element of strategy

C) Not all resources are capable of contributing equally to firm success

D) Competitive advantage is dependent on the resources organizations have at their disposal

Answer 1

Question 1

The answer is option D.

Organizational culture refers to set of assumptions, values and beliefs that make people to behave in acceptable manner in the organization. These shared assumptions, values and beliefs make the employees in the organization to exhibit right kind of behavior in order to perform their jobs better.

Culture and reputation are considered as intangible assets because these help the firm to gain competitive advantage because these helps the organization to differentiate itself from other firms.