Value Chain Management
Sandy is the new strategic manager for Solutions Tech Ltd, a management consulting firm dedicated to assisting small businesses in the pursuit of success.He is currently in a meeting with Rob, who is the owner of a successful small business that creates computer displays for major Australian and multinational companies.Sandy is reviewing the business strategy at Rob's business and has some recommendations.
-Refer to Value Chain Management (Scenario).Sandy also tells Rob that there is a difference between a value chain and a supply chain.A value chain is ________ orientated whereas a supply chain is ________ orientated.
A)sales; profit
B)efficiency; effectiveness
C)internally; efficiency
D)profit; effectiveness
E)externally; internally

Question

Quizplus · Accepted Answer

A value chain is externally oriented, focusing on delivering value to customers, while a supply chain is internally oriented, focusing on the efficient flow of goods and services within the organization.

Value Chain Management Sandy Is the New Strategic Manager for Solutions Tech Ltd