How does Michael Porter define support business activities? What do they include?
What will be an ideal response?
Michael Porter includes four business activities in his definition of support activities. These include:
• Procurement: managing supplier relationships and buying the product inputs.
• Technology management: product research and development and new procedures, methods and techniques.
• Human resources management: managing employee resources.
• Firm infrastructure management: general management of the firm, finance, accounting, legal services, and government affairs.
You might also like to view...
An information repository supplies information:
A) to database programmers only. B) to only internal sources. C) to database management systems. D) exclusively to data lakes.
Which of the following is not a business driver of global business?
A) global communication and transportation technologies B) development of global culture C) emergence of global social norms D) political stability E) growth of international systems