chapter 4

Question 1

What does resources and capabilities do in a organisation

Answer 1

They contribute to its long-term survival and potentially to competitive advantages.

Question 2

Treshold resources

Answer 2

Those needed to meet the necessary requirements to compete at all in a given market

Question 3

What is the hard part about threshold resources

Answer 3

They change over time and can be hard to identify but they are crucial to be able to compete

Question 4

Distinctive resource and capabilities…..

Answer 4

Required to achieve competitive advantages, it become a advantage when the competitors cannot imitate this

Question 5

What is VRIO about

Answer 5

It is about gaining and sustaining competitive advantages

Question 6

V in VRIO

Answer 6

Stand for value of resources and capabilities, create a product that gives value to the costumers

Question 7

R in VRIO

Answer 7

Stands for rarity, example patented products or services that gives an advantage

Question 8

I in VRIO

Answer 8

Stands for inimitability, that is resources and capabilitys that is hard or costly to imitate. The barrier depend on people and skill and they are complex

Question 9

O in VRIO

Answer 9

Organisational support, to take fully advantages of the resources and capabilities of an organisation structure and management control

Question 10

SWOT-analysis

Answer 10

The strength and weakness is internal and the opportunity and threat Is external

Question 11

Dynamic capabilities

Answer 11

Organisations ability to renew and recreate their resources and capabilities to meet the needs of changing environments