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For this week's discussion, please answer one (1) of the following questions. 150 WORD ANSWER What is the difference between a company’s internal value chain and the industry value chain? What is the...

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For this week's discussion, please answer one (1) of the following questions.

150 WORD ANSWER

  1. What is the difference between a company’s internal value chain and the industry value chain? What is the relationship between vertical integration and the industry value chain?
  2. What steps would you recommend that a company take to build mutually beneficial, long-term cooperative relationships with its suppliers?
  3. What value creation activities should a company outsource to independent suppliers? What are the risks involved in outsourcing these activities?
  4. Under which conditions are joint ventures a useful way to enter new industries?
Answered Same Day Aug 10, 2021

Solution

Swati answered on Aug 10 2021
129 Votes
1. What is the difference between a company’s internal value chain and the industry value chain? What is the relationship between vertical integration and the industry value chain?
Internal value chain of company is combination of all the physical as well as technological activities inside a company that helps to add value to the customer satisfaction whereas Industry value chain is set of those activities that are involved in conversion of raw materials into final product or services that must be ready to be consumed by end consumer. Industry value chain is based on adding value to product at every stage of...
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