Podcast
Questions and Answers
What is the goal of value chain analysis according to Michael Porter?
What is the goal of value chain analysis according to Michael Porter?
- To identify processes in which the firm can add value for the customer and create a competitive advantage for itself (correct)
- To decrease the number of support value activities in the firm
- To increase the number of primary value activities in the firm
- To identify the weaknesses in the firm's primary value activities
Which of the following is a primary value activity according to Porter's value chain analysis?
Which of the following is a primary value activity according to Porter's value chain analysis?
- Procurement
- Human resource management
- Outbound logistics (correct)
- Technology development
What is the goal of value chain analysis according to Michael Porter?
What is the goal of value chain analysis according to Michael Porter?
The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself, with a cost advantage or product differentiation.
The goal of value chain analysis is to identify processes in which the firm can add ______ for the customer and create a competitive advantage for itself, with a cost advantage or product differentiation
The goal of value chain analysis is to identify processes in which the firm can add ______ for the customer and create a competitive advantage for itself, with a cost advantage or product differentiation
The value chain groups a firm’s activities into two categories—primary value activities and ______ value activities
The value chain groups a firm’s activities into two categories—primary value activities and ______ value activities
Primary value activities, shown at the ______ of the value chain in Figure 2.10, acquire raw materials and manufacture, deliver, market, sell, and provide after-sales services
Primary value activities, shown at the ______ of the value chain in Figure 2.10, acquire raw materials and manufacture, deliver, market, sell, and provide after-sales services
Support value activities, along the ______ of the value chain in Figure 2.10, include firm infrastructure, human resource management, technology development, and procurement
Support value activities, along the ______ of the value chain in Figure 2.10, include firm infrastructure, human resource management, technology development, and procurement
