Answer :
Final answer:
The foundation for managing processes and value chains lies in splitting up the value chain across different regions or countries, each contributing a particular and specialized aspect towards the production of the final product. This is facilitated by advancements in technology and logistics, leading to specialized goods being traded rather than whole finished products.
Explanation:
The foundation for managing processes and value chains lies in the ability to efficiently split up the value chain, an evolution in international trade that has become increasingly possible due to advancements in communication technology, information sharing, and transportation. This allows production of a good to be spread across different places or even countries, with each focusing on a specialized part of the production process. For example, the value chain for producing an iPhone involves designing and engineering in the United States, parts supply from Korea, assembly in China, and advertising and marketing back in the United States.
By splitting the value chain, companies can focus on particular products Intra-industry trade among similar countries allows for economic gains as it provides opportunities for workers and firms to innovate and refine their specialization. Thus, instead of whole finished products being traded among countries, more specialized goods like automobile dashboards or refrigerator shelving are shipped for assembly.
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Answer:
The correct answer to the following question will be "Operations strategy".
Explanation:
A strategy outlining how an entity should distribute resources to maintain development and services.
It is usually guided by the organization's business performance approach and is structured or intended to optimize the efficiency of the components of development and service thereby reducing costs.
Describes how to incorporate in corporate strategy;
- It's how the operations of an organization are intended to produce the kinds of products and commodities that help the corporate strategy of the company.
Therefore, Operation strategy is the right answer.
