Value Chain Management Sandy Is the New Strategic Manager for Solutions Tech Ltd

question 63

Multiple Choice

Value Chain Management
Sandy is the new strategic manager for Solutions Tech Ltd, a management consulting firm dedicated to assisting small businesses in the pursuit of success.He is currently in a meeting with Rob, who is the owner of a successful small business that creates computer displays for major Australian and multinational companies.Sandy is reviewing the business strategy at Rob's business and has some recommendations.
-Refer to Value Chain Management (Scenario) .Rob seemed to understand the theory behind value chain management, but was curious about the requirements for a successful value chain.Sandy informed Rob that the main requirements for successful value chain management includes all of the following EXCEPT ________.

• A)organisational culture
• B)leadership
• C)competition
• D)employees
• E)collaboration

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Definitions:

Positively Skewed Distribution

A type of distribution where the tail on the right side of the distribution's peak is longer or fatter than the left side, indicating that the bulk of the values lie to the left of the mean.

Distribution

The manner in which a statistical data or a population is spread out or arranged over a range of values.

Empirical Rules

Practical guidelines based on observed data which are used to interpret statistical distributions, notably the 68-95-99.7 (or three-sigma) rule for normal distributions.

Standard Deviations

A measure of the amount of variation or dispersion in a set of values, often used to quantify the spread of a probability distribution.