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Managers Use a Value Chain Analysis to Determine How the Company

question 66

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Managers use a value chain analysis to determine how the company will design, make, move, and sell products; how it will find efficiencies in doing so; and how it will coordinate the decisions in one part of the business with those made in other parts.

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Definitions:

Past Data

Historical information or records that are used as a reference or guide for decision-making, planning, and forecasting in business or research.

Objectives

Specific, measurable goals set by an organization or individual to guide actions and decision making.

Courses of Action

A sequence or range of activities or tactics that can be taken to achieve a specific goal.

Staff Department

A unit or division within an organization that provides specialized support or services but does not directly contribute to profit.

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