The Initial Step to Implementing Value Chain Analysis Is

question 61

Multiple Choice

The initial step to implementing value chain analysis is

• A)dividing a firm's operations into specific activities or business processes.
• B)establishing costs in terms of money.
• C)establishing costs in terms of time.
• D)attaching a cost to each discrete activity.
• E)converting the cost data into information by looking for competitive cost strengths and weaknesses.

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Definitions:

Urgency To Change

The perceived immediate need within an organization to adapt or modify its operations or strategy.

Change Agent

An individual or entity that acts as a catalyst for change, facilitating, enabling, and often driving the change process within organizations or communities.

Diffusion

Diffusion is the process by which an innovation, idea, or trend spreads through a population or social system.

Appealing Vision

A strategic and inspiring goal or scenario that motivates individuals or groups towards its realization.