Why was it profitable for gm and ford to integrate backward

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1. Why was it profitable for GM and Ford to integrate backward into component-parts manufacturing in the past, and why are both companies now buying more of their parts from outside suppliers?

2. What value creation activities should a company outsource to independent suppliers? What are the risks involved in outsourcing these activities?

3. What steps would you recommend that a company take to build mutually beneficial long-term cooperative relationships with its suppliers?

Reference no: EM13899952

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