Which of the Following Statements Concerning Value Chain Analysis Is

question 35

Multiple Choice

Which of the following statements concerning value chain analysis is false?

• A)The goal of value chain analysis is to find areas where a company can either add value or reduce cost.
• B)The value chain focuses on the entire production process, as well as the sale of the product and service after the sale.
• C)If a company cannot compete in a specific area of the value chain, it might consider the option of outsourcing that portion of the value chain to someone who can perform it better.
• D)Throughout most industries, the most successful firms are the ones that operate within the entire value chain, thereby overseeing every aspect of the value chain for the customer.

Know the historical trends in the frequency of organizational evaluations.

Understand the focus of the COMA model in training evaluations.

Apply Kirkpatrick's model to calculate return on investment for training programs.

Differentiate the purposes and shortcomings of different training evaluation processes and models.

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Definitions:

Strategic Planning

The process of defining the direction and decisions for an organization, including setting goals and determining actions to achieve those goals.

Strategic Planning Process

involves defining a company's strategy or direction and making decisions on allocating its resources to pursue this strategy.

Organization's Mission

A statement that defines the purpose, goals, and values of an organization, clarifying its direction and priorities.

Competitive Position

The standing or ranking of a company, product, or brand within a market, compared to its competitors, based on criteria like market share or reputation.