Question 1

Resource integration is the

Accepted Answer

A)   Separate and distinct identification and response to external and internal resources
B)   Predominance of external resources over internal resources
C)   Mutually beneficial combination of external and internal resources
D)   Predominance of internal resources over external resourcesE) A) and D)
F) A) and C)

Question 2

Maintaining focus and becoming aware of weak signals is easy for managers and the companies they lead

Accepted Answer

A) True 
 B)False

Question 3

Firms can develop four main approaches to integration including all except one of the following

Accepted Answer

A)   Institutionalize the integration of external and internal resources
B)   Internalize external resources and develop synergies with internal resources
C)   Increase performance by exploiting distinct and separate external and internal resources
D)   Identify critical external resourcesE) B) and D)
F) All of the above

Question 4

IDEO's Deep Dive is an example of a best practice for generating novel ideas for new product development

Accepted Answer

A) True 
 B)False

Question 5

The transaction cost theory developed by Coarse and Williams could suggest the following

Accepted Answer

A)   A call for smaller organisations and a larger role for markets
B)   Efficient organisations and efficient markets are essentially in the same position
C)   Internalizing resources for integration incurs lower transaction costs than contracting externally
D)   Organisations exist because transaction costs within firms are always higher than in external marketsE) None of the above
F) A) and B)

Exam 4: Integrating Internal and External Resources Open Innovation, Absorptive Capacity and Integration

The transaction cost theory developed by Coarse and Williams could suggest the following

Correct Answer
verified

Firms can develop four main approaches to integration including all except one of the following

Correct Answer
verified

IDEO's Deep Dive is an example of a best practice for generating novel ideas for new product development

Correct Answer
verified

Resource integration is the

Correct Answer
verified

Maintaining focus and becoming aware of weak signals is easy for managers and the companies they lead

Correct Answer
verified

Exam 4: Integrating Internal and External Resources Open Innovation, Absorptive Capacity and Integration

The transaction cost theory developed by Coarse and Williams could suggest the following

Correct AnswerverifiedShow Answer

Firms can develop four main approaches to integration including all except one of the following

Correct AnswerverifiedShow Answer

IDEO's Deep Dive is an example of a best practice for generating novel ideas for new product development

Correct AnswerverifiedShow Answer

Resource integration is the

Correct AnswerverifiedShow Answer

Maintaining focus and becoming aware of weak signals is easy for managers and the companies they lead

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified