Management (14th Edition)
Management (14th Edition)
14th Edition
ISBN: 9780134527604
Author: Stephen P. Robbins, Mary A. Coulter
Publisher: PEARSON
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Chapter 18, Problem MO5RDQ
Summary Introduction

Interpretation:

The uses of value chain management in one’s daily life.

Introduction:  Value is determined as the allocation, production, and any other features of goods and services for which resources or money can be given. for example, purchasing a new pc, Jewelry, car or sweets or a facial from salon needs interchange money to attain the value and aspiration from all these. These values allocate through transfiguring stocks and other sources into products or services.

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How can diversity contribute to competitiveness and conflict at the same time
Business Process Reengineering One of the world’s most successful sports apparel companies is Nike, Inc. (Nike, n.d.). Nike re-engineered its value chain by keeping high-value knowledge-intensive activities in the US such as design and marketing and using overseas manufacturing to produce its shoes and clothing. However, instead of engaging foreign direct investment to build and operate its clothing manufacturing facilities, Nike further re-engineered its value chain by relying on third-party contractors to produce Nike products. Thus, Nike’s owned activities are streamlined allowing Nike to consistently earn high returns.  Business process reengineering is a collection of processes to improve business performance by changing, dropping, or reordering the processes by which tasks are accomplished. Please conduct some research or share an example that you witnessed of either successful or unsuccessful business process reengineering. Explain why the reengineering was successful or…

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Management (14th Edition)

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