Strategic ManagementMCQQuestion 11759 of 809
All Questions

According to C.K. Prahalad and Gary Hamel, a capability qualifies as a Core Competence if it satisfies all of the following EXCEPT:

Select Your Answer (Keyboard: A, B, C, D)
For any discrepancies in this question, email contact@cadada.in

Correct Answer

✅ Option B — It can be easily acquired from external consultants or market vendors

All Options:

  • AIt makes a significant contribution to the perceived customer benefits
  • BIt can be easily acquired from external consultants or market vendors ✓
  • CIt provides access to a wide variety of markets
  • DIt is difficult for competitors to imitate

Detailed Solution & Explanation

Correct Answer: Option **B** Three tests of a Core Competence (Prahalad & Hamel): 1. Provides potential access to a wide variety of markets. 2. Makes a significant contribution to perceived customer benefits. 3. Difficult for competitors to imitate.

More Questions from Strategic Management

In the Boston Consulting Group (BCG) Growth-Share Matrix, a Strategic Business Unit (SBU) that has a high market share in a low-growth, mature industry is designated as a:

According to Michael Porter's Five Forces Model, which of the following forces determines the structural attractiveness and competitive intensity of an industry?

When a manufacturing firm decides to acquire a chain of retail stores to directly sell its products to final end-consumers, it is executing which corporate-level growth strategy?

Question 7 (a) What do you mean by value chain analysis? Delineate the support activities in value chain analysis, as stated by Michael Porter. (1+4 = 5 Marks) (b) Explain differentiation strategy as one of the generic strategies by Michael Porter. What are the major bases of differentiation? Also outline the strategies which can help achieve the differentiation strategy. (1+2+2 = 5 Marks)

In Michael Porter's Five Forces Model, which of the following is NOT one of the competitive forces?

In the BCG Growth-Share Matrix, a business unit with High Market Share in a Slow Growth industry is classified as a:

Ready to Master Strategic Management?

Practice all 809 questions with instant feedback, earn XP, track your streaks, and ace your CA Intermediate exam.

Start Practicing — It's Free