Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
10th Edition
ISBN: 9780134239828
Author: Robbins
Publisher: PEARSON
Question
Book Icon
Chapter 15, Problem 10DQ
Summary Introduction

To determine:

The value chain of a familiar company and the way it "uses" the value chain to create value.

Introduction:

Value chain management (VCM) is externally oriented and focuses on both incoming resources and outgoing goods and services. VCM is effectiveness oriented and aims to create the greatest value for the customers. The customers are considered to have the greatest and highest power in the value chain process out of all the other parties involved in the process. VCM is highly vital to the success and survival of any organization, as maintaining the value will enable the business to attract and prolong the customers. It is highly significant organizations provide value to the customers, as this determines whether they are willing to sacrifice their resources (money).

Blurred answer
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Text book image
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Text book image
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Text book image
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Text book image
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Text book image
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON