Machael Porter’s Value Chain SUPPORT ACTIVITIES Support activities assist the primary activities in helping the organisation achieve its competitive advantage. They include: Procurement: This department must source raw materials for the business and obtain the best price for doing so. The challenge for procurement is to obtain the best possible quality available (on the market) for their budget. Technology development: The use of technology to obtain a competitive advantage is very important
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T H E G L O B A L A P PA R E L VA L U E C H A I N : What Prospects for Upgrading by Developing Countries UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION economy environment employment sectoral studies series THE GLOBAL APPAREL VALUE CHAIN: What Prospects for Upgrading by Developing Countries Gary Gereffi Department of Sociology‚ Duke University Durham‚ USA and Olga Memedovic UNIDO‚ Strategic Research and Economics Branch UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION Vienna
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After doing a bit of a research on the banking industry Value Chain (VC) I came across multiple references indicating that a generic VC for Banking is the opposite to the industrial VC (Figure 1 in the attachment). The Banking VC starts from the customer side‚ where the products are offered to the market‚ sold‚ provided to the customer and finally corresponding transaction is executed. I decided to look closely at one of our core businesses‚ Premier Consumer Credit‚ to evaluate activities within
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HW#2 Name: Eser Can Perçin Number:1477086 Course: Human Resources Instructor: Assoc. Prof. Dr. F. Tunç Bozbura Date: 24.05.2014 HW#2 MITRE Q1. What overall HR strategy do you think MITRE is pursuing? Is its recruiting focus broad or targeted? Does it primarily use internal or external sources? The MITRE is an American not-for-profit organization based in Bedford. MITRE manages Federally Funded Research and Development Center’s (FFRDCs) for the government. The organization
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should we reorganize the human resource management functions‚ and if so why and how? Yes‚ Bandag should reorganize the human resource management functions because there is no structured human resource department in the Bandag to coordinate and manage human resource functions and issues. In today’s competitive world of business‚ employee’s management‚ motivations and satisfactions are keys to success. Therefore‚ to be more competitive and to retain and satisfy the human resources in the organization‚
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and training programs. Maintains management guidelines by preparing‚ updating and recommending human resourse policies and procedures. Maintains historical human resource records by designing a filing and retrieval system‚ keeping past and current records. Administering payroll and marinating employee records. Analyzing training needs in conjunction with departmental managers. Maintains human resource staff by recruiting‚ selecting‚ orienting and training employees. Specification Significant
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factors that Influence internal pay structure. They are - External factors: (1) Economic pressures (2) Government policies‚ laws‚ regulations (3) Stakeholders (4) Cultures and customs - Organization factors (1) Strategy (2) Technology (3) Human capital (4) HR policy (5) Employee acceptance (6) Cost implications In my opinion‚ I would say Economic pressures and Cultures and customs are the most important in external factors; Employee acceptance is the most important in organization factors
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Overtime B. New external hires C. Temporary workers D. Outsourcing Answer: B. New external Hires HRM Overview Three methods to assess whether HRM matters The “resource-based view” of the firm What are some kinds of “resources”? What is a competitive advantage? What factors contribute to making resources valuable and that‚ in turn‚ give companies a competitive advantage? Study of 968 firms regarding their HRM practices conducted by Huselid (1995)‚ Know the results - specific
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HTC – Value Chain What is HTC’ Value Chain? • Creates value by performing a series of activities and it represents ho w each competitive advantage created via an organization adds value to the service or product for each customer. • R&D‚ Production‚ Marketing & Sales‚ Customers Service and Human R esource are adding the value to their company. How HTC adding value? • HTC has established long-term strategic partnerships with industry lea ders and major telecom service providers to promote the
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Human Resources directors are a very important to every company‚ “experimental studies show that functions of human resources management (recruitment and selection‚ performance appraisal and career development‚ compensation/offering reward and benefits) have a positive relationship with organizational performance separately (Beig‚ Karbasian‚ & Ghorbanzad‚ 2012).” Choosing the correct person to direct the Human Resources could be a very strategic component for any company. As mentioned earlier
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