Thursday, 31 December 2015

Cima E2 Exam Question No 43

Question No 43:

`Using The Value Chain

The value chain can be used:
  • To examine the firm in terms of the processes it uses to serve customers, and the value added, to add more value or remove non-value adding activities.
  • As a basis to drive a competitive strategy of cost leadership or differentiation
  • Understanding the linkages between processes (e.g. how technology supports each of the primary activities, or how production quality affects after-sales service)
  • As a way to analyse competitors for their strengthsand weaknesses.

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