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What Role Does the Value Chain Play in a Firm's

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What role does the value chain play in a firm's competitive advantage?


Definitions:

Adding Capacity

The process of increasing the potential output of a business to meet expected demand.

Leadership

The act of guiding or influencing a group towards achieving its goals, often involving making strategic decisions, motivating individuals, and fostering teamwork.

Authority

The power or right to give orders, make decisions, and enforce obedience, often associated with positions of leadership or governance.

Turnaround Specialist

A professional with expertise in reviving struggling companies, implementing strategic changes to improve performance and profitability.

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