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Questions and Answers
What has replaced the traditional linear model of value chains in today's hyperconnected world?
What has replaced the traditional linear model of value chains in today's hyperconnected world?
- Global supply chains
- Dynamic value creation
- Interconnected business models
- Value network systems (correct)
What is the primary focus of value network systems within global value chains management?
What is the primary focus of value network systems within global value chains management?
- Maximizing profits through global partnerships
- Optimizing efficiency, competitiveness, and sustainability (correct)
- Minimizing operational costs through automation
- Expanding market reach through extensive collaborations
How have companies' operations evolved in today's interconnected and globalized business environment?
How have companies' operations evolved in today's interconnected and globalized business environment?
- They rely solely on internal resources for all activities
- They collaborate and coordinate activities with partners worldwide (correct)
- They limit activities to local partnerships
- They prioritize isolation over collaboration
What does the section emphasize as significant outcomes of value network systems in global value chains management?
What does the section emphasize as significant outcomes of value network systems in global value chains management?
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What has transformed the way companies create, deliver, and capture value according to the text?
What has transformed the way companies create, deliver, and capture value according to the text?
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