1. Write a brief short essay explaining if and when Total Value Maximization by the Principal in an organization leads to the same or to a different outcome from Profit Maximization.
by the Principal in an organization. Give an example. Show the two (2) derivations in your example.
2. What is meant by the internationalization of a firm's value chain?
3. Company ABS is producing crankshafts. There are having some alignment issues. Prepare a SIPOC for the process improvement. Prepare a process map for possible solutions.