strategic

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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What is a supply chain, value chain, and block chain? How can and will they impact strategy and does your strategic plan reflect that? Provide examples.

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The impact of supply chain, value chain, and blockchain on strategy can be significant. By optimizing these chains, companies can improve efficiency, reduce costs, enhance the customer experience, and gain a competitive advantage.

Supply chain management can impact strategy by improving product availability, reducing lead times, and reducing costs. 
Value chain analysis can impact strategy by identifying areas where companies can create value and differentiate themselves from competitors.
Blockchain technology can impact strategy by improving transparency, reducing fraud, and increasing efficiency.

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