How should one think about an organization when conducting a value chain analysis?
A)Understand the costs associated with value chain activities.
B)Identify the projects that support the organizations goals.
C)Consider the organization in terms of inputs/outputs.
D)Look at each individual process within a value chain.

Question

Quizplus · Accepted Answer

When conducting a value chain analysis, it is essential to consider the organization in terms of inputs/outputs. This involves identifying the primary and support activities involved in bringing a product or service to market, and understanding how they add value to the final product. By doing so, it becomes possible to identify areas where costs can be reduced, quality can be improved, and new opportunities can be explored. Understanding the costs associated with value chain activities (A) and identifying projects that support the organization's goals (B) are also important considerations, but they are secondary to understanding the organization in terms of inputs/outputs (C). Looking at each individual process within a value chain (D) can be a useful exercise, but it is not necessary for conducting a value chain analysis.

How Should One Think About an Organization When Conducting a Value