Asked by Preston Tribble on May 13, 2024
Verified
When open systems work well, they create a value chain.
Value Chain
A set of activities that a company performs to create value for its customers, from product design to post-sale service.
Open Systems
Organizations or entities that interact with their environment by exchanging information, resources, and energy, adapting and responding to external changes.
- Understand the concept of organizational systems and the value chain in effective organizations.
Verified Answer
PM
Paula McGovernMay 15, 2024
Final Answer :
True
Explanation :
Open systems, when functioning effectively, facilitate the flow of information and resources across organizational boundaries, leading to the creation of a value chain by enhancing collaboration, innovation, and efficiency among different entities.
Learning Objectives
- Understand the concept of organizational systems and the value chain in effective organizations.
Related questions
The Process of Managing Productive Systems That Transform Resources into ...
Which of the Following Does the Value Chain for a ...
Which Element in the Value Chain Is Responsible for Transforming ...
Firms Can Create ________ When They Are Able to Perform ...
Which of the Following Relates to the Idea That Organizations ...