Mobilizing recources - Value chains
3 important questions on Mobilizing recources - Value chains
What is the definition of a value chain?
The activities undertaken by a firm to produce and sell its products/services
What are the 4 secondary processes of the value chain (support the primary processes)?
- Procurement: acquisition of inputs and resources
- Human Resource Management: activities to recruit, hire, train, develop personnel
- Technological Development: activities in order to maintain and develop equipment, software, procedures and technical knowledge to transform inputs into outputs
- Firm's Infrastructure: support staff (legal, finance, planning)
What is a firm with an open structure?
The company choose which activities will be carried out internally and which activities will be co-created with external partners or complementors
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