When Conducting an Internal Analysis, Strategic Managers Should

question 19

Multiple Choice

When conducting an internal analysis, strategic managers should:

• A) identify its internal resources and evaluate the quality of those resources.
• B) only count something as a resource if the company is actively managing it.
• C) always file for patents and trademarks on intellectual property.
• D) exclude any resource as a source of competitive advantage if it isn't rare.
• E) identify as many resources as possible, regardless of their value or rarity.

---

Definitions:

NLRA

Stands for the National Labor Relations Act of 1935, a foundational piece of U.S. labor law that protects the rights of employees to organize and collectively bargain.

Company Property Rights

The legal rights that a company holds over its owned physical and intellectual properties, ensuring it can use, manage, and dispose of such assets according to its interests.

Worker Labor Rights

The entitlements and protections afforded to workers, including the right to fair wages, safe working conditions, and the ability to organize.

Statutory Law

Laws and regulations enacted by a legislative body, such as a parliament or congress, that are codified in statutes.