Why is the primary use of a business model tied to business-level strategies?Less adjustment will be needed in the long-term.All processes followed to create the product should be similar.It is the framework for delivering value.The firm's core strategy has to be supported.

For an organization to succeed, its business model must be in line with the main strategy of the…

Answered: Why is the primary use of a business…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Explains the role of innovation in the value chain. Defines what a competitive advantage is and describes how it can be obtained throughout the value chain.Conclusion: Choose an example from a real-life business. Apply the concept of the value chain to the business you chose. Describes how each of the components of the value chain is manifested in the selected business. Then, answer the following question: which of the activities in the value chain presented is the most important for the operations of that type of business and why?
Ji-hu believes in making decisions based on the method of experience. Considering this, which of the following actions would he most likely take? A. He would buy the Lucia espresso machine because surveys of the product show the highest customer approval. B. He would buy the Hellman espresso machine because the choice seems obvious. C. He would buy the Franceso espresso machine because research shows it is the most durable. D. He would buy the Jones espresso machine because he liked his previous machine, which was made by Jones. E. He would buy the Almas espresso machine because his manager highly recommends it.
relate these concepts, why is it important in a company? -core competency-above-average yields-tangible and intangible resources-capabilities -value creation
discuss the value chain of which you are part. what is the purpose of the value chain? what is your role? how do you interact with other members of the value chain? how is the effectiveness of the value measured?
Answer the following questions using the Answer Report and the Sensitivity Report on the following page. Support your answers with explanations and the work showed.Your run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced, and the computer solution (answer report and sensitivity report generated in Microsoft Excel) is given on the next page. 4.) If you could sell clocks for $17 instead of $15 would it change the number of each appliance you should produce (i.e., would it change the optimal solution)?5.) If you had your choice of an extra $10 in your budget or an added demand of 5 toasters, which one should you do, and how will your profit be affected?
Keurig in the maker of single-serve coffee machines. The product uses pods andmakes a cup of coffee in multiple sizes and levels of strength. It is simple tooperate, and the market is filled with many varieties of coffee pods (and tea) fromdifferent vendors. Employ the value proposition canvas to explain why Keurigproducts have been so successful in the market. If you do not know Keurig, it isfine to read about it online to understand the product and what they offer tocustomers. Do not research a value proposition canvas for Keurig; I will know ifyou use online sources for that. You do not have to build the framework, but youmust describe elements and the relationship between them.

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Why is the primary use of a business model tied to business-level strategies? Less adjustment will be needed in the long-term. All processes followed to create the product should be similar. It is the framework for delivering value. The firm's core strategy has to be supported.