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).Rob seemed to understand the theory behind value chain management, but was curious about the requirements for a successful value chain.Sandy informed Rob that the main requirements for successful value chain management includes all of the following EXCEPT ________.
A)organisational culture
B)leadership
C)competition
D)employees
E)collaboration

Question

Quizplus · Accepted Answer

Competition is not necessarily a requirement for successful value chain management, although it may be a factor in determining the overall strategy. The other options listed (organisational culture, leadership, employees, and collaboration) are all important components of a successful value chain management approach.

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