BUS 475 Chapter 4

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Across
  1. 4. _____ Capabilities Perspective: A model that emphasizes a firm's ability to modify and leverage its resource base in a way that enables it to gain competitive advantage in a constantly changing environment.
  2. 5. Social _____: A situation in which different social and business systems interact with one another.
  3. 7. _____ Framework: A theoretical framework that explains and predicts firm-level competitive advantage.
  4. 8. Organizational and managerial skills necessary to orchestrate a diverse set of resources and deploy them strategically.
  5. 10. _____ Activities: Firm activities that add value indirectly, but are necessary to sustain primary activities.
  6. 12. _____ Resources: Resources that have physical attributes and thus are visible.
  7. 13. _____ Activities: Firm activities that add value directly by transforming inputs into outputs as the firm moves a product or service horizontally along the internal value chain.
  8. 15. Any assets that a firm can draw on when formulating and implementing a strategy.
  9. 19. _____ Heterogeneity: Assumption in the resource-based view that a firm is a bundle of resources and capabilities that differ across firms.
  10. 20. Strategic Activity _____: The conceptualization of a firm as a network of interconnected activities.
Down
  1. 1. _____ Chain: The internal activities a firm engages in when transforming inputs into outputs; each activity adds incremental value.
  2. 2. Resource _____: Assumption in the resource-based view that a firm has resources that tend to be "sticky" and that do not move easily from firm to firm.
  3. 3. Resource _____: The firm's level of investments to maintain or build a resource.
  4. 6. _____ Resources: Resources that do not have physical attributes and thus are invisible.
  5. 9. Distinct and fine-grained business processes that enable firms to add incremental value by transforming inputs into goods and services.
  6. 11. View: A model that sees certain types of resources as key to superior firm performance (2 Words).
  7. 14. _____ Mechanisms: Barriers to imitation that prevent rivals from competing away the advantage a firm may enjoy.
  8. 16. _____ Analysis: A framework that allows managers to synthesize insights obtained from an internal analysis of the company's strengths, weaknesses (S and W) with those from an analysis of external opportunities and threats (O and T) to derive strategic implications.
  9. 17. Resource _____: The firm's current level of intangible resources.
  10. 18. _____Ambiguity: A situation in which the cause and effect of a phenomenon are not readily apparent.