\end{array} More specifically, capabilities refer to the firms ability to bundle, manage, or otherwise exploit resources in a manner that provides added value and, hopefully, advantage over competitors. C. "Afirm's reputation D. Afirm's headquarters building. Those resources and capabilities that provide a significant competitive advantage are referred to as what? These two building blocks are tightly linkedcapabilities from using resources over time. \text{Food} & & \$160.00 & \$175.70\\ Executives who wish to achieve long-term competitive advantages should therefore place a premium on trying to nurture and develop their firms intangible resources. opportunities or negate threats in the environment. Cross), The Methodology of the Social Sciences (Max Weber), Civilization and its Discontents (Sigmund Freud), Campbell Biology (Jane B. Reece; Lisa A. Urry; Michael L. Cain; Steven A. Wasserman; Peter V. Minorsky), Give Me Liberty! It depends on the culture and structure of the organization. a. A) rare, valuable, mobile, nonsubstitutable. What was the Kujawas total expenditure for the month of July? A firms strategy includes which of the following? After their bass player joins the Marines, Lenny elopes on a whim, and Jimmys diva attitude runs amok, the band is finished and Guy is left to wonder what might have been. Captures how vision and mission will be achieved. This customer loyalty is why many passengers choose Southwest over other airlines. there are several forces for organizational change: workplace demographics, technology, globalization, market conditions, growth, and poor performance. Other resources are hard to copy because they evolve over time and they reflect unique aspects of the firm. B) intangible resources and operational measures. Scientific capabiliti Production equipment c. Manufacturing plants d. Formal reporting structures 6. Strategy formulation is an essential component of the POLC framework: a. A firm's tangible resource includes which of the following? How was the resistance (if any) overcome? All of the following except which example is a reason that relentless imitation can be a dangerous practice? Recently, shareholders have been vocal about the importance of products made in the US.