Answer Key and Discussion n 233
Chapter 8
Answers
1. is question is intended to explore how well a company has communicated
its core business functions to those tasked with performing them. I have often
found that people have no knowledge of the company vision statement, or
even if one exists.
2. In previous chapters, the idea of a model’s context was considered critical
to its construction. Businesses also exist in environments that affect how
they conduct business. A hotel that does not provide transport to and from a
nearby airport will suffer losses compared to a hotel that does provide these
services. Similarly, when modeling a business it is important to understand
these external effects.
3. is question is intended to explore ...