Description
READ CHAPTER 2 (P 24-P 45 ) VALUE CHAINS and answer the following questions.
1.Explain the concept of value and how it can be increased. Give 2 examples.
2.Describe a value chain and the two major perspectives that characterize it.
3.Explain off shoring and reshoring and issues that managers must consider in making outsourcing and vertical integration decisions in Value Chains. Provide 1 or 2 examples.
4.Explain why it is important for operations managers to understand the local culture and practices of the countries in which an American company does business. What are some of the potential consequences if they don't?