The New Discipline That Evolved Out of Porter's Work on Value

question 30

Multiple Choice

The new discipline that evolved out of Porter's work on value chains is called ________.

• A)business process design
• B)value-addition chain
• C)value engineering
• D)business reengineering

Grasp the dynamics and challenges of involving entire families in problem-solving sessions.

Identify the advantages of working with entire families, including the potential for enhanced objectivity.

Recognize the broad scope of family services and the role of social workers in advocating for policy change.

Understand common dynamics in family assessments, including the tendency to assign blame within the family.

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Definitions:

Corporate Mission Statement

A concise declaration of a company’s core purpose and focus that normally remains unchanged over time, guiding its strategic decisions and organizational culture.

Financial and Profit Model

A theoretical construct that represents the economic operations of a business, detailing how revenue is generated, costs are incurred, and profits are made.

Situation Assessment

The process of evaluating the current state of an environment or situation to inform decision-making and strategy formulation.

Impact/Likelihood Matrix

A tool used in risk management to evaluate and prioritize risks based on their potential impact and the likelihood of occurrence.