The Concept of a Value Chain Is Not Significant to Organizations

question 24

True/False

The concept of a value chain is not significant to organizations that do not manufacture products.

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Definitions:

Global Village

A concept referring to the world being closely connected by modern telecommunications and thus being likened to a small village, where information and news traverse geographical boundaries instantly.

Marshall McLuhan

A Canadian philosopher and professor best known for his work on media theory and his famous assertion "the medium is the message," indicating the form of a medium embeds itself in the message, creating a symbiotic relationship by which the medium influences how the message is perceived.

Machiavelli

A Renaissance Italian diplomat, philosopher, and writer, best known for his political treatise, "The Prince," focusing on political power and realism.

The Prince

A political treatise by Niccolò Machiavelli, detailing various political strategies for rulers to maintain power and control.