Sport
How long (in minutes) is a football match?
90 minutes
What is the capital of Japan?
Tokyo
What does the Resource-Based View (RBV) focus on?
The internal resources and capabilities of a firm that drive performance
What is a stakeholder?
Anyone affected by a company’s actions
How long is an Olympic swimming pool in meters?
50m
Who wrote Romeo and Juliet?
Shakespeare
In the VRIO framework, what does each letter stand for?
V: Value
R: Rare
I: Inimitability
O: Organization
Which action makes a company look socially responsible?
Paying fair wages, reducing waste, …
Who is the only famous tennis player who has never broken a racket in anger?
Rafa Nadal
In what year did the Berlin Wall fall?
1989
What is the difference between resources and capabilities in a firm?
Resources are the assets a firm owns (tangible, intangible, human), while capabilities are the firm’s abilities to use those resources effectively to achieve objectives
What could be a risk of being “too responsible”?
Losing short-term profit
Which city hosted the first modern Olympic Games in 1896?
Athens, Greece
Which country has the most time zones in the world?
France (due to overseas territories)
What is the main risk of excessive offshoring or outsourcing according to the chapter?
Firms may lose core capabilities or create new competitors by transferring knowledge abroad
Who might be negatively affected when companies move production to pollution havens?
Local communities and the environment