If your business were to analyze the ways it currently operates and determine ways to improve its operations, what type of analysis would it be conducting?
A) Strategic analysis
B) Value chain analysis
C) Innovative analysis
D) Procedural analysis

Question

Quizplus · Accepted Answer

Value chain analysis involves identifying the activities within a company's operations and analyzing how each activity adds value to the final product or service. By identifying areas of improvement, a company can increase efficiency and reduce costs. Strategic analysis involves analyzing a company's overall strategy, while innovative analysis involves analyzing a company's ability to innovate. Procedural analysis involves analyzing specific procedures or processes within a company.

If Your Business Were to Analyze the Ways It Currently