To Use the Value Chain to Identify Only Where the Major

question 17

Multiple Choice

To use the value chain to identify only where the major costs are:

• A)Is inadvisable, since this ignores whether the costs contribute to value or not
• B)Would save a lot of time, and make the tool more useful
• C)Is no more nor less than it's designed to do
• D)Would identify which managers are wasting money

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Definitions:

Stakeholders

Individuals or groups who have an interest, concern, or investment in a particular project, business, or outcome and may be affected by its process or result.

Social Media

Websites and platforms that allow users to generate and disseminate content or engage in social networking activities.

Increase Power

Refers to strategies or methods intended to enhance the effectiveness or intensity of a process, technology, or team.

Stakeholders

Individuals or groups with an interest or concern in the success of an organization, project, or initiative.