Answer to Question #235601 in Management for Cebo

Question

Explain how enterprise's e-technology activities can be represented in its value chain.

Answer 1

Value chain can be described as that combination of systems and subsystems that organization uses in order to make money. Systems and subsystems in the value chain are the technologies that help an organization in making its products and services (Lee et al, 2017). Companies needs to use information technology more innovatively in order to make products and services that will give their customers more value and in doing so gain competitive advantage over their rivals in the market.

References

Lee, K., Go, D., Park, I. and Yoon, B., 2017. Exploring suitable technology for small and medium-sized enterprises (SMEs) based on a hidden markov model using patent information and value chain analysis. Sustainability, 9(7), p.1100.