Procurement Expertise in Business: Book Insights

Successful businesses are procurement experts.

True

Henry Ford's attempt at vertical integration was more competitive and efficient than his competitors' procurement networks.

False

Apple is known for building computers as a part of its successful business model.

False

The book, Profit from the Source, argues that with thriving businesses, successful procurement is measured by managing vertical integration.

False Signup and view all the answers

The company relies on social capital to manage large networks of suppliers.

True Signup and view all the answers

Asian businesses do not engage in complex business networks involving family members.

False Signup and view all the answers

Transformational leadership is not mentioned in the text.

False Signup and view all the answers

Nontrivial manifestations of the gift relationship are unlikely to be present within the networks and legal contracts.

False Signup and view all the answers

Sociologists are not called to be social and eco-entrepreneurs in dealing with social issues.

False Signup and view all the answers

Successful companies primarily procure physical resources for creating profitable goods and services.

False Signup and view all the answers

Which capability is emphasized as surpassing everything else for successful businesses?

Extraordinary capacities for managing large networks of suppliers Signup and view all the answers

What did the text highlight as a measure of successful procurement in businesses?

Vertical integration and ownership over the supply chain Signup and view all the answers

Which historical figure's unsuccessful attempt at vertical integration is mentioned in the text?

Henry Ford Signup and view all the answers

What distinguishes Apple from Henry Ford's approach to business, as mentioned in the text?

Lack of involvement in automobile manufacturing Signup and view all the answers

What is the primary resource that successful companies are really procuring according to the text?

Social capital Signup and view all the answers

What do family members strategically embedded in complex business networks gain from the larger collective?

Complete confidence through the gift relationship Signup and view all the answers

What is the challenge highlighted for sociology in the text?

To deal with threats to bio- and cultural diversity and other social issues Signup and view all the answers

In what book does Granovetter's work on Asian businesses and complex business networks appear?

Society and Economy Signup and view all the answers

What is the essential resource required for successfully dealing with social and eco-entrepreneurship challenges according to the text?

Complex networked social capital Signup and view all the answers

What does the text suggest about the manifestation of the gift relationship within networks and legal contracts?

It is nontrivial and requires much work to identify Signup and view all the answers

Procurement Expertise in Business: Book Insights

Questions and Answers

Successful businesses are procurement experts.

Henry Ford's attempt at vertical integration was more competitive and efficient than his competitors' procurement networks.

Apple is known for building computers as a part of its successful business model.

The book, Profit from the Source, argues that with thriving businesses, successful procurement is measured by managing vertical integration.

The company relies on social capital to manage large networks of suppliers.

Asian businesses do not engage in complex business networks involving family members.

Transformational leadership is not mentioned in the text.

Nontrivial manifestations of the gift relationship are unlikely to be present within the networks and legal contracts.

Sociologists are not called to be social and eco-entrepreneurs in dealing with social issues.

Successful companies primarily procure physical resources for creating profitable goods and services.

Which capability is emphasized as surpassing everything else for successful businesses?

What did the text highlight as a measure of successful procurement in businesses?

Which historical figure's unsuccessful attempt at vertical integration is mentioned in the text?

What distinguishes Apple from Henry Ford's approach to business, as mentioned in the text?

What is the primary resource that successful companies are really procuring according to the text?

What do family members strategically embedded in complex business networks gain from the larger collective?

What is the challenge highlighted for sociology in the text?

In what book does Granovetter's work on Asian businesses and complex business networks appear?

What is the essential resource required for successfully dealing with social and eco-entrepreneurship challenges according to the text?

What does the text suggest about the manifestation of the gift relationship within networks and legal contracts?

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