The First Step of Preparing a Process Map Is To

question 44

Multiple Choice

The first step of preparing a process map is to:

• A)Identify entities and divisions
• B)Draw the lanes for each division
• C)Indicate any sub-functions
• D)Identify processes

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Definitions:

Four Actions Grid

A strategic tool used in blue ocean strategy to redefine the value proposition by determining what to eliminate, reduce, raise, and create.

Blue Ocean Strategy

A business strategy that focuses on creating a new market space (or "Blue Ocean") that is uncontested and makes competition irrelevant.

Four Actions Grid

A strategic tool used in the Blue Ocean Strategy framework that helps businesses to determine new opportunities by asking four questions: What to eliminate, reduce, raise, and create.

Blue Ocean Strategy

A business theory that suggests companies are better off searching for ways to gain "uncontested market space" rather than competing with similar companies.