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Todd Wallace works as the chief knowledge officer for Pennsylvania Lumber Company. He has been given the responsibility to create a product or service that will bring an added value to its customers to increase the company's revenue. Todd determines that the best value he can add is by creating a service that offers free next day shipping on any order over $50. Where in the value chain is Todd adding value?
Compensation Package
The total offering of pay and benefits provided to employees, including salary, bonuses, health insurance, and retirement benefits.
Chief Executive Officer
The highest-ranking executive in a company, responsible for making major corporate decisions, managing overall operations, and acting as the main point of communication between the board of directors and corporate operations.
Board of Directors
A group of individuals elected to represent shareholders and govern the company's activities by establishing policies and making decisions.
Enterprise Incentive Plans
Strategic programs designed to encourage and reward employee performance across an organization, typically aligning with broader business goals.
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