Using the value chain model is an excellent way to assess the overall legitimacy of the operational model being proposed within the new venture.

Question

Quizplus · Accepted Answer

Using the value chain model can help in identifying the key activities and processes involved in creating and delivering a product or service, and assessing their effectiveness in generating value for the customer. By analyzing the value chain, the new venture can ensure that their operational model is sustainable and legitimate, and that they are able to create a competitive advantage in the market.

Using the Value Chain Model Is an Excellent Way to Assess