Value Chain Management Quiz

Michael Porter

Process view of organizations

Acquisition and consumption of resources – money, labour, materials, equipment, buildings, land, administration, and management

<p>How value chain activities are carried out</p> Signup and view all the answers

<p>The emergence of global value chains (GVCs)</p> Signup and view all the answers

<p>Michael Porter</p> Signup and view all the answers

<p>The process view of organizations and seeing a manufacturing (or service) organization as a system, made up of subsystems each with inputs, transformation processes, and outputs.</p> Signup and view all the answers

<p>Resources such as money, labour, materials, equipment, buildings, land, administration, and management.</p> Signup and view all the answers

<p>How value chain activities are carried out.</p> Signup and view all the answers

<p>Global value chains (GVCs)</p> Signup and view all the answers

<p>Operations management is concerned with designing and controlling the production of goods or services, ensuring that businesses are efficient in using resources to meet customer requirements.</p> Signup and view all the answers

<p>Operation management covers sectors like banking systems, hospitals, companies, working with suppliers, customers, and using technology.</p> Signup and view all the answers

<p>Supply chains, marketing, finance, and human resources are the major functions in an organization along with operations.</p> Signup and view all the answers

<p>Several types of decisions are made including operations strategy, product design, process design, quality management, capacity, facilities planning, production planning.</p> Signup and view all the answers

<p>The operations function requires management of both the strategic and day-to-day production of goods and services.</p> Signup and view all the answers