Value chain analysis is a tool used to:
A)analyse a firm's external environment
B)concentrate on a firm's internal environment without addressing concerns about the actions of competing firms
C)examine a firm's resources and capabilities to identify its core competencies
D)determine the expected duration of an opportunity in a firm's external environment

Question

Quizplus · Accepted Answer

Value chain analysis focuses on examining a firm's internal environment to identify its core competencies, strengths, and weaknesses. It involves the identification and analysis of the firm's primary and support activities, which ultimately leads to the creation of value for customers. While it can indirectly assess the external environment through the identification of opportunities and threats, its primary focus is on internal analysis. Therefore, option A, D, and B are incorrect as value chain analysis is not primarily concerned with analyzing external opportunities or competitors' actions.

Value Chain Analysis Is a Tool Used To