Which of the following is a useful tool that conceptualizes how all the aspects of a firm's implementation of its strategy fit together, and that breaks the firm's activities into primary activities and support activities?
A) Resource analysis
B) Core competency analysis
C) Strategic group analysis
D) Value-chain analysis

Question

Quizplus · Accepted Answer

Value-chain analysis is a useful tool that conceptualizes how all the aspects of a firm's implementation of its strategy fit together. It breaks the firm's activities into primary activities (inbound logistics, operations, outbound logistics, marketing and sales, and service) and support activities (procurement, technology development, human resource management, and infrastructure). This helps firms to identify areas where they can create value and gain a competitive advantage. Resource analysis, core competency analysis, and strategic group analysis are other useful tools in strategic management, but they do not specifically address the firm's activities and how they fit together.

Which of the Following Is a Useful Tool That Conceptualizes