Value chains are most commonly viewed at the:Question 15Select one:product levelorganisational levelindustry levelmanagement level
Question
Value chains are most commonly viewed at the:
- product level
- organisational level
- industry level
- management level
Solution
Break Down the Problem
- Identify the concept of value chains and their scopes.
- Examine the provided options to determine where value chains are most commonly viewed.
Relevant Concepts
- The value chain concept, introduced by Michael Porter, can be analyzed at different levels: product, organization, industry, and management.
Analysis and Detail
- Product Level: This view may focus on specific products and their individual processes, but is less common for broad applications.
- Organizational Level: Value chains are often analyzed per organization to improve efficiencies and competitiveness.
- Industry Level: This perspective analyzes how companies within an industry establish their value chains relative to one another.
- Management Level: Management may oversee and optimize parts of the value chain but does not represent a common broad view.
Verify and Summarize
Considering the above analyses, the industry level perspective provides the broadest and most relevant implications for value chains as it allows for comparisons and strategic positioning among multiple organizations.
Final Answer
Industry level is the correct answer. Value chains are most commonly viewed at the industry level.
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