2005/12/06 00:34 http://blog.naver.com/vr4life/20019859442 1 Introduction The model of the Five Competitive Forces was developed by Michael E. Porter in his book „Competitive Strategy: Techniques for Analyzing Industries and Competitors¡° in 1980. Since that time it has become an important tool for analyzing an organizations industry structure in strategic processes. Porters model is based on the insight that a corporate strategy should meet the opportunities and threats
Premium Strategic management Porter five forces analysis Management
The Brand Value Chain A value chain is the whole series of activities that create and build value at every step Definition: A value chain is the whole series of activities that create and build value at every step. The total value delivered by the company is the sum total of the value built up all throughout the company. Michael Porter developed this concept in his 1980 book ’Competitive Advantage’. Description: The significance of the value chain: The value chain concept separates useful activities
Premium Brand management Brand Marketing
TERM 4 STUDENT ID- 070209-91 allwyn.mathew@stu.ctlondon.ac.uk TABLE OF CONTENT 1. INTRODUCTION………………………………………………………….. 2 2. DISCOVERING THE COURSE OF ACTION FOR VALUE CHAIN… 2 3. THE VALUE CHAIN ANALYSIS OF TESCO………………………….. 3 A. PRIMARY ACTIVITIES (a) Inbound logistics……………………………………………………. 3 (b) Operations…………………………………………………………... 4 (c) Outbound logistics………………………………………………….. 4 (d) Marketing and Sales………………………………………………
Premium Strategic management
this journal is available at http://www.emerald-library.com Knowledge value chain Ching Chyi Lee and Jie Yang Knowledge value chain The Chinese University of Hong Kong‚ Hong Kong Keywords Knowledge management‚ Tacit knowledge‚ Explicit knowledge‚ Knowledge-based value systems‚ Competitive advantage 783 Abstract Introduces the knowledge value chain model as a knowledge management (KM) framework. The model consists of knowledge infrastructure (knowledge worker recruitment‚ knowledge
Premium Knowledge management
The value chain concept‚ which was developed and popularized in 1985 by Michael Porter‚ increased the value of production and service and led to a decrease in costs in the business and industry sector. At this present time‚ global business competition is rising leading to more interest in value chains in businesses and industries because this concept is the apparatus of management in order to analyze positive strategic planning. The most important concept can apply to the supply chain and the
Premium Agriculture Food Chicken
Introduction Value Chain Analysis describes the activities that take place in a business and relates them to an analysis of the competitive strength of the business. Influential work by Michael Porter suggested that the activities of a business could be grouped under two headings: (1) Primary Activities - those that are directly concerned with creating and delivering a product (e.g. component assembly); and (2) Support Activities‚ which whilst they are not directly involved in production
Premium Management Strategic management Value chain
VALUE CHAIN SYSTEM The value chain concept was created by Michael Porter and explained in his book “Competitive Advantage”‚ published in 1980. The value chain is a series of activities that create and build value- culminating in the contribution of total value to the organization. Porter used the concept of value chain as a systematic approach to examining the development of an organization’s competitive advantage in the marketplace. In using the value chain concept‚ the total activities undertaken
Premium Strategic management Marketing Mobile phone
Porter’s value chain identifies strategically relevant activities that create value and cost ina specific business. In terms of the Value Chain‚ Warner EMI Music should not have much tochange. This is true as both companies (Time Warner and EMI) shared prior to the merger similar behaviour. In terms of primary activities‚ the operational system of Warner EMI Music should beaimed to compete on costs. The company must reduce manufacturing costs as a result of econo-mies of scale. Dealing with advertising
Premium Strategy Strategic management Music industry
Value Chain as Competitive Advantage Unit 3 Assignment Gerod Washington GB570 Managing the Value Chain John Craddock Kaplan University April 6‚ 2014 Value Chain as Competitive Advantage Successful companies are successful because of their ability manage the intrinsic concept which develops and evolves their value chain and competitive advantage. The purpose of this paper is to provide the reader with a compelling argument as to why an effective value chain creates competitive advantage
Premium Marketing Competition
Dell’s Value Chain 1. How has Dell used its direct sales and build-to-order model to develop an exceptional supply chain? Dell has used its direct sales and build-to-order model to develop an exceptional supply chain by taking customer feedback very seriously. Dell uses the feedback to further evaluate and when necessary‚ implement change to improve their supply chain. The company maintains close-knit relationships with customers‚ and maintains very close‚ professional relations with their suppliers
Premium Supply chain management Supply chain Inventory