Which of the Following Statements Regarding the Resource-Based View Is

question 13

Multiple Choice

Which of the following statements regarding the resource-based view is accurate?

• A) Competitively valuable resources and capabilities are controlled only by a firm's general managers.
• B) Only lower level employees need to accept the responsibility of creating, nurturing and exploiting resources and capabilities that can generate competitive advantages for a firm.
• C) Employees should define their jobs in functional terms instead of in competitive and economic terms.
• D) Competitive advantage is too important to remain the sole property of senior management.

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Definitions:

Virtual Organization

A company that primarily operates through electronic communication and does not have a physical central location, relying on the Internet and other technological means to function.

Efficient Bureaucracy

A system of organization that is effectively structured with clear rules and procedures to ensure maximum productivity and efficiency.

Low-Cost Leadership

A business strategy focused on becoming the lowest cost producer in an industry for a certain level of product quality.

James D. Thompson

A sociologist known for his contributions to organizational theory, particularly for his work on organizations as open systems.