Answered: What are value and cost drivers as they…

What are value and cost drivers as they relate to an integrated strategy and are they mutually exclusive or is there overlap among these drivers?

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter8: Strategy Formulation And Execution

Section: Chapter Questions

Problem 1OTJVC

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Question

What are value and cost drivers as they relate to an integrated strategy and are they mutually exclusive or is there overlap among these drivers?

Expert Solution

Introduction:-

Cost Drivers are the auxiliary reasons for the expense of an action acted in the Value Chain. They decide the conduct of expenses inside an action.

cost driver can be totally or mostly or not in any manner heavily influenced by a firm.

An association's cost execution in the entirety of its major discrete exercises amounts to build up its general cost position.

These drivers are mutually exclusive.

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