Asked by Nargiza Tashmuradova on Jun 03, 2024
Verified
On a value-chain analysis using an SPA,a firm determines that its performance is low in the area of operations.Operations is an area of low importance to the firm.Which of the following would be the best recommendation for the firm?
A) Do not focus additional effort on operations.
B) Focus more effort and resources on operations.
C) Modify the value chain to emphasize operations.
D) Re-evaluate how the firm handles current operations.
Value-Chain Analysis
An analytical framework for identifying business activities that add value to the final product or service in order to gain competitive advantage.
SPA
Typically stands for Sales and Purchase Agreement, a legally binding contract outlining the terms of sale between a buyer and seller.
Operations
Encompasses all the activities involved in the production, selling, and distribution of a company's goods or services.
- Recognize the strategic significance of operations within the value chain.
Verified Answer
Learning Objectives
- Recognize the strategic significance of operations within the value chain.
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