Question

Nurturing strategic allies to cultivate close working relationships and improve operating processes is called what?

a) Value innovation
b) Value co-creation
c) Value initiation
d) Value communication

Answer 1

Nurturing strategic allies to improve operating processes is known as value co-creation. It involves collaboration for mutual benefit in a business context.

Step-by-step explanation:

Nurturing strategic allies to cultivate close working relationships and improve operating processes is referred to as value co-creation. This concept is part of a business strategy where companies work collaboratively with partners, suppliers, or customers to create additional value for both parties. This might involve sharing resources, knowledge, and capabilities to enhance product offerings, improve service levels, or streamline processes for mutual benefit.