How does Porter define procurement, technology, human resources, and firm infrastructure?
What will be an ideal response?
Porter defined procurement as the processes of finding vendors, setting up contractual arrangements, and negotiating prices. He defined technology broadly to include research and development and other activities within the firm for developing new techniques, methods, and procedures. He defined human resources as recruiting, compensation, evaluation, and training of full- and part-time employees. Firm infrastructure includes general management, finance, accounting, legal, and government affairs.
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