Companies in an industry value chain will work to strengthen the weakest link in the chain so that they can squeeze more value chain profit from that weakest link.

Question

Quizplus · Accepted Answer

Companies in an industry value chain typically focus on optimizing their own operations and may collaborate with others, but there's no inherent mechanism ensuring they will work to strengthen the weakest link. Their primary goal is to maximize their own value and profit, not necessarily to enhance the entire chain's efficiency or profitability by focusing on its weakest parts.

Companies in an Industry Value Chain Will Work to Strengthen