What Is a Value Chain Analysis

question 111

Multiple Choice

What is a value chain analysis?

• A) Evaluation of an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies
• B) Analysis of the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry
• C) View of a firm as a series of business processes, each of which adds value to the product or service
• D) Generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service

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Definitions:

Barrier to Task Completion

An obstacle or challenge that hinders the ability to successfully finish a task.

Highly Specific Goals

Objectives that are distinctly defined with clear, precise outcomes that leave little to no ambiguity in interpretation.

Inadequate Preparation

The lack of sufficient readiness or groundwork, often leading to difficulties in effectively handling tasks, responsibilities, or challenges.

Cognitive Restructuring

A therapeutic technique aimed at identifying and challenging negative or irrational thoughts and replacing them with more balanced and constructive ones.