A value network perspective is a macro-level strategic approach that is being adopted by many firms in part because of the intense competition to cut ________ and maximize ________ every step of the way to market.
A) costs; process efficiencies
B) rewards; stock inventory
C) employee benefits; cost control
D) time inefficiencies; profits
E) labor hours; performance incentives

Question

Quizplus · Accepted Answer

The value network perspective aims to cut costs and maximize process efficiencies every step of the way to market. This approach focuses on creating value for all participants in the value chain, while also reducing waste and improving efficiency. Therefore, option A, which includes cutting costs and maximizing process efficiencies, is the best choice.

A Value Network Perspective Is a Macro-Level Strategic Approach That