What is the concept of value chain? How does it relate to organizational structures?
What will be an ideal response?
advent of sophisticated information technology and the geographic dispersion of technological excellence and knowledge have encouraged organizations to focus on their value chain. Organizations develop competitive advantage and create shareholder wealth through an interdependent sequence of activities known as the value chain. The value chain also can be defined as "the separate activities, functions, and business processes that are performed in designing, producing, marketing, delivering, and supporting a product or service."
Horizontally linked structures use cross-functional teams to achieve linkages across the various and interdependent activities of their value chain. Zara, e.g., uses value-chain teams to radically reduce the time-to-market for its new products.
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Which of the following production concepts was invented in Japan and gave Japanese automobile companies a knockout advantage in world markets through lower costs and higher quality?
A) horizontal integration B) vertical integration C) lean manufacturing D) mass customization
The strategy of making multiple equivalent simultaneous offers (MESOs) can be effective even
with the most uncooperative of negotiators. The MESO strategy is best described as: A) a negotiator presenting the other party with at least two or more proposals of equal value B) a negotiator inviting the counterparty to selectively choose the best parts from several offers C) a negotiator revealing his or her BATNA to the counterparty D) a negotiator acting less aggressively when anchoring an opening offer