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Chapter 2, part 2 and 3 - Coggle Diagram
Chapter 2, part 2 and 3
Business intelligence
Business intelligence represents a wide area of applications and technologies for collectin, storing, analyzing and providing acceess to information for improving businesses process modeling quality.
Benefits
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Fraud detection, order processing, purchasing
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VALUE CHAINS
A value chain is used to describe all the business activities it takes to create a product from start to finish for example design, production, distribution, and so on. A value chain analysis gives businesses a visual model of these activities, allowing them to determine where they can reduce costs.
Value chain analysis is a way for businesses to analyze the activities they perform to create a product. Once the activities are analyzed, a business can use the results to evaluate ways to improve its competitive advantage.
One of the most well-known instances of a business that comprehends and effectively applies the value-chain concept is Starbucks (SBUX). The value chain's role in Starbucks' business strategy has been extensively covered in articles.
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