Reduce costs of internally performed value chain activities

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Reference no: EM131231253

Strategic actions to reduce the costs of internally performed value chain activities and improve a company’s cost competitiveness

A. work best when aimed at increasing the amount of the company’s low-cost competitive assets and decreasing the amount of its high-cost competitive assets.

B. are most likely to be successful when they involve efforts to concentrate more company resources and talents on those value chain activities in which the company already has the lowest costs.

C. are likely to be most effective when they are aimed at lowering the costs of the value chain activities that a company performs internally.

D. can aim at lowering costs (1) in the suppliers’ part of the industry value chain, (2) in a company’s own internally performed activities, and/or (3) in the forward channel portion of the value chain.

E. work best when they aim at lowering the costs of performing those tasks and activities where the company has core competencies and distinctive competencies.

Reference no: EM131231253

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