What is the criterion on which business processes should run?
What will be an ideal response?
According to Porter, whether business processes are low-cost or high-service, these
processes and systems used must create sufficient value that they will more than cover their
costs. If not, the margin of those systems will be negative. If a value chain's margin is negative,
the company must make some change. Either the value must be increased, or the costs of the
value chain need to be reduced.
You might also like to view...
A major success factor in building a business in another country is
a. to hire citizens from the United States. b. to judge candidates based on U.S. perceptions and criteria. c. to sell American products. d. to hire talented citizens of that country to fill important positions.
The Redux Fund has issued 500,000 shares to its investors, and it holds 100,000 shares of various companies worth $3 million. Therefore, the fund's NAV is $30 a share
Indicate whether the statement is true or false.