Game Changer - Resources (Intermediate) Quiz

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Title: Is it really about resources?

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Resources are unlimited. We can find plenty of free tools around the web and the business world.

True

False

Clear selection

Which of the following resources is non-renewable?

Knowledge

External support

Time

Money

Clear selection

What are the key resources according to the Business Canvas Model?

Resources that add to your value proposition

Resources that are required by your marketing and distribution channels

Resources that are required to deliver your customer relationships

Resources that support your revenue streams

All the above

Clear selection

Managing the resources of your business is an ongoing, problem-solving procedure to come up with solutions for creating value. What method does Elon Mask suggest on how to think in such situations?

Reasoning by Analogy

First Principles Method

The DCAP (Do-Check-Act-Plan) Method

Lateral Thinking

Clear selection

How can you adopt your business resource management to the principles of Circular Economy?

Recycling waste

Obtaining raw material that are biodegradable

Disassembling old to regenerate new products

Rethink and redesigning your operating system

Clear selection

According to the RBV (Resource Base View), what attributes of your resources offer to your business a competitive advantage:

Heterogeneous and mobile

Valuable, rare, inimitable, and organised

Non-substitutable, Unmodifiable, Unique

Tangible and intangible

Clear selection

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