Explain the concept of a value network
What will be an ideal response?
A company can be seen as being at the center of a value network, a system of partnerships and alliances that a firm creates to source, augment, and deliver its offerings. A value network includes a firm's suppliers and its suppliers' suppliers, and its immediate customers and their end customers. The value network includes valued relationships with others such as university researchers and government approval agencies. A company needs to orchestrate these parties in order to deliver superior value to the target market.
Managing a value network means making increasing investments in information technology (IT) and software. Firms have introduced supply chain management (SCM) software and invited such software firms as SAP and Oracle to design comprehensive enterprise resource planning (ERP) systems to manage cash flow, manufacturing, human resources, purchasing, and other major functions within a unified framework.
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On September 1, 2018, Tri-Cities Company borrowed $125,000 by signing a nine-month, 7.2% note payable. Prepare the journal entry to accrue interest expense on December 31, 2018. Omit explanation.
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One argument in favor of accelerated depreciation is that the assets benefit is greater in the earlier years
Indicate whether the statement is true or false
For a company having several different issues of convertible securities and/or stock options and warrants, the FASB requires selection of the combination of securities producing
a. the lowest possible earnings per share. b. the highest possible earnings per share. c. the earnings per share figure midway between the lowest possible and the highest possible earnings per share. d. any earnings per share figure between the lowest possible and the highest possible earnings per share.
Effective team performance is said to begin with the leader doing what?
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