What is a systematic approach to assessing and improving the value of business processes within your organization to further increase its competitive strengths?
A) Run-grow-transform
B) Top line strategic planning
C) Value chain analysis
D) Emergent thinking

Question

Quizplus · Accepted Answer

Value chain analysis is a systematic approach that involves breaking down each activity within a business process and assessing its value contribution to the overall process. This approach helps organizations to identify areas where they can improve their processes to further increase their competitive strengths. The analysis involves examining the costs, time, and quality of each activity to determine ways of increasing value, reducing costs, and improving efficiency. This approach is widely used by organizations to optimize their processes, reduce waste, and enhance customer value.

What Is a Systematic Approach to Assessing and Improving the Value