For a Particular Company Resource to Have Meaningful Competitive Power

question 68

Multiple Choice

For a particular company resource to have meaningful competitive power and perhaps qualify as a basis for competitive advantage,it should

• A)be competitively important,hard for competitors to copy or imitate,rare and something rivals lack,and not be easily trumped by the substitute resources/capabilities of rivals.
• B)be something that a company does internally rather than in collaborative arrangements with outsiders.
• C)be patentable.
• D)be rooted in the company's organizational capital,information capital,or human capital.
• E)have the potential for lowering the firm's unit costs.

---

Definitions:

Interpersonal Circumplex

A model that categorizes and describes human interpersonal behaviors and personality traits along two dimensions: dominance and warmth.

Skills

The ability to do something well; expertise or competence in a particular activity or domain.

Challenges

In a general context, challenges are obstacles or difficulties that need to be overcome, often requiring effort, skill, or strategy.

Flow

A mental state of deep involvement and immersion in an activity where an individual experiences focus, engagement, and a sense of satisfaction.