Value Chain Analysis Views a Firm as a Series of Business

question 73

True/False

Value chain analysis views a firm as a series of business processes that each adds value to the product or service.

---

Definitions:

Congruence

A state of agreement or harmony between individuals, actions, values, or organizational components.

Organization's Members

Individuals who belong to and contribute to a collective entity, such as a company or society, through their roles, responsibilities, and efforts.

360-degree System

A feedback mechanism that involves collecting performance assessments from an employee’s supervisors, peers, subordinates, and sometimes customers.

Bottom-line Performance

Refers to the net income, profit, or the overall financial health of an enterprise as the ultimate measure of its success.