QUESTION Michael Porter’s value chain analysis describes how particular resource categories contribute to the firm’s strategic performance. Demonstrate how this can be done using examples from an organization of your choice. INTRODUCTION Michael Porter introduced the value chain analysis concept in his 1985 book the Competitive Advantage. Porter suggested that activities within an organization add value to the service and products that the organization produces and all these activities should be
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VALUE CHAIN ANALYSIS Value Chain Analysis describes the activities that takes place within and around a business and relates it to the competitive strength of the business. According to Michael Porter who introduced the value chain analysis concept suggested that the activities which an organization carries out adds value to the services and products which it produces. In order for a business to gain competitive advantage‚ their activities should be directed at its optimal level efficiently so
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Value Chain Analysis The value chain analysis describes the activities the organization performs and links them to the organization’s competitive position. Value chain analysis describes the activities within and around an organization‚ and relates them on analysis of the competitive strength of the organization. Therefore‚ it evaluates which value each particular activity adds to the organization’s products or services (Recklies 2001). Value chain analysis can be used to describe
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Value Chain Analysis The diagram above shows us a chain of activities for a company that operates in a specific industry. It suggests that organisations that go through this chain of activities will add more value to their product/services‚ so that the company will gain marginal value for their products/services. If the activity runs efficiently‚ this specific company can gain advantage over other competitors. The Porter Value Chain classifies into different groups as product and support activities
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General Motors S.W.O.T Analysis General Motors Corporation (GM) is primarily engaged in the production of vehicles. It designs‚ manufactures and markets car‚ trucks‚ and other automobile parts all over the world. GM has a strong brand portfolio gives it significant competitive advantage. However‚ sustained decline in light vehicle sales as a result of increasing durability of vehicles and weak economic conditional pressure on the overall performance of the company. Strengths Weakness
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Production and Operation Management Group IV BSEM 3-2 Product Design Parameters Members: Bulaong‚ Jennifer E. Velasquez‚ Pauline L. Fernandez‚ Rose Ann F. Escoto‚ Gellian Prof. Rizza Valdez Nine Factors to Consider When Determining Your Price 1. Your Costs If your rate doesn’t include enough just to break-even‚ you’re heading for trouble. The best thing to do is sum up all your costs and divide by the number of hours you think you can bill a year. Whatever you do‚ DON’T
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Strategic Value Chain Analysis Wednesday‚ December 04‚ 2013 8:48 AM "Competitive Advantage" 1986 Companies are not groups of people‚ they are sets of activities. There are 2 sets of activities: Cost and willingness to pay (WTP) PRIMARY: In-bound / raw material ==> Process ==> Marketing ==> Service SECONDARY: Accounting‚ Exec Management‚ CIA Cost of distribution drivers (for cinnamon buns): # of stops (greater # raises cost) # of packages they drop per stop (greater # lowers
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1. Meet the some sub – county Agriculture Sector Heads. 2. Discuss the Agriculture sub – county staff status. 3. Discuss the Agriculture sub – county stakeholder inventory. 4. Discuss and collect data on the current and potential value chains in the sub counties. 5. Distribute invitation letters for sensitization of the entire sub sector heads. Budget implication. |Officer |Lunch allowance
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1. What factors accounted for GM’s return to profitability? Explain and provide a rationale for the prospects of continuing this rise. The first thing GM did to help them return to profitability was the revamping of product development. GM had too much focus on the engineering process of development. This led to the difficulty of getting a bold design off the drawing board and through the lengthy development process. Under the lead of CTO John Lauckner‚ GM came up with a streamlined process that
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Executive Summary Value chain management has become more and more important in industry in past decades. This report provides an insight view of value chain in automotive industry and then examine leadership role of engineer in value chain management. Furthermore‚ the report will analyse why engineer is so important in management of value chain. Analysis of value chain Automotive industry plays an important pillar role in the economic development of all countries. This is because the development
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