A Value Chain Is a Set of Logically Sequenced, Value

question 46

True/False

A value chain is a set of logically sequenced, value adding activities that convert input resources into products or services in a manner consistent with the chosen business strategy.

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Definitions:

Hygiene Factors

In the context of Herzberg's motivation-hygiene theory, hygiene factors are job conditions that can cause dissatisfaction if missing, such as salary, company policies, and working conditions, but do not necessarily motivate when improved.

McClelland's Motivation Theory

A psychological theory suggesting that people are motivated by three needs: achievement, affiliation, and power, influencing their goals and behaviors.

Need For Power

The desire to control, influence, or be responsible for other people.

Acquired Needs Theory

A motivational theory that suggests human needs for achievement, affiliation, and power are developed over time based on life experiences.