Nobody downloaded yet

:Define and Explain what is Meant by a Value Chain - Coursework Example

Comments (0) Cite this document
Summary
'Define and explain what is meant by a value chain. Using two different organisational-based examples, examine how organizations construct their value chains to underpin and strengthen their business strategy. Evaluate, using the VRIN criteria, which aspects of their value chains are critical to the organization’s competitive advantage’ – The cases of Toyota and Sony…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.6% of users find it useful
:Define and Explain what is Meant by a Value Chain
Read TextPreview

Extract of sample
":Define and Explain what is Meant by a Value Chain"

Download file to see previous pages 1. Introduction The survival of organizations in the global market is a challenging task, especially during periods of high uncertainty, as currently. In such environment, the need for innovative business strategies becomes emergent especially when the competition is strong. There are certain strategies that help organizations to strengthen their market position avoiding excessive risks. For example, in many organizations the restructuring of value chain has been proposed as a strategy for increasing performance without setting existing operations in risk. The role of value chain in developing and strengthening business strategy is reviewed in this paper. Particular reference is made to the elements of value chain, as a concept developed within different fields. The strategies of two well-known firms, Toyota and Sony, in regard to the management of value chain are presented and compared, aiming to show the terms under which value chain can significantly support the improvement of existing business strategies. At this point, the VRIN criteria have been used for identifying which aspects of the two organizations’ value chains are most critical to the organizations’ competitive advantage. ...
’s competitiveness is not standardized, as revealed through the effects of value chain management on the two firms’ performance, as analyzed below. 2. Value chain in the organizational environment 2.1 Value chain – characteristics and role The term value chain is extensively used in order to explain two different concepts: the price of a product/ service and the availability of this product/ service in a particular sector. The specific term does not refer only to business activities, even if its use in business is extensive, compared to other sectors; for example, in the social services sector, where the term value chain is used for describing the value of food and other similar material (for instance, drugs), provided to people in need (Kannegiesser 2008). The most common definition of value chain is based on sales and prices as related to specific products/ services (Kannegiesser 2008, p.40). Vallespir (2010) also supports that value chain reflects the balance between costs and benefits in regard to specific products or services. He further explains that the value chain can help to develop effective strategies not just for promoting specific products/ services but also for keeping the quality of products/ services at high level. Reference is made in particular to the health sector where value chain offers valuable information on ‘the costs of products/ services but also on their benefits for patients’ (Vallespir 2010, p.612). In this way, strategy makers can identify effective plans for’ increasing customer satisfaction, meeting customer expectations’ (Vallespir 2010, p.612), meaning in particular the need of patients for health recovery, at the highest possible level, after investing on particular health products/ services. Harper (2010) notes that ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“:Define and Explain what is Meant by a Value Chain Coursework”, n.d.)
Retrieved from https://studentshare.org/business/1445881-define-and-explain-what-is-meant-by-a-value-chain
(:Define and Explain What Is Meant by a Value Chain Coursework)
https://studentshare.org/business/1445881-define-and-explain-what-is-meant-by-a-value-chain.
“:Define and Explain What Is Meant by a Value Chain Coursework”, n.d. https://studentshare.org/business/1445881-define-and-explain-what-is-meant-by-a-value-chain.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Value Chain Model
...?Introduction: The Value Chain Model was a concept framed by Michael Porter. He introduced this model in his book, Competitive Advantage (1885), to explain a range of activities that are common to a wide range of firms. The aim of most of these activities is to offer the customer a certain threshold of value that exceeds the cost of conducting activities and reaps profits for the business. The report will put to light the Value Chain Model of the firm Audible, Inc (www. Audible.com). Audible, Inc is a subsidiary of Amazon, Inc. It pioneers in the provision of digital spoken audio information and entertainment on the web. It thus offers...
5 Pages(1250 words)Research Paper
Value Chain
...?Value Chain Table of Contents Table of Contents 2 Introduction 3 Thesis ment 4 Value Chain and Ashley Furniture 4 Primary Activities 5 Support Activities 9 Recommendations for Further Improvement 11 Conclusion 12 Works Cited 13 Introduction Ashley Furniture Industries, Inc (Ashley Furniture) was established by Carlyle Weinberger in the year 1945. The company is headquartered at Arcadia, Wisconsin which is considered to be the core manufacturing along with distribution center of the company (Ashley Furniture Industries Inc, “A Proud History and Poised for a Formidable Future”). After the completion of 60 years of excellent innovation in the furniture industry, the company has become one of the successful industry leaders in terms... of...
6 Pages(1500 words)Term Paper
Adidas Value Chain Analysis
...? ADIDAS VALUE CHAIN ANALYSIS Discussion The brand of Adidas Group is a combination of the of the founder and the company name, and is structured in three main divisions, which entail the Adidas sport performance, heritage, and sport style. For years, Adidas Group maintains its trademark as the major producer of sport products such as shoes, apparel and accessories globally. According to Porter, value chain analysis denotes all the undertakings that increase value to the organizational amenities and products. Such activities must be operated at an optimum level for Adidas Group to surpass the cost of operation, for instance, clients should return to the company and willingly and freely do some transactions, (Porter, 1985... ). This is...
3 Pages(750 words)Research Paper
Value chain
...Growth of global value chain and strategies r to 'move up' the value chain The value chain describes the full range of activities that firms andworkers do to bring a product from its conception to its end use and beyond. This includes activities such as design, production, marketing, distribution and support to the final consumer. The activities that comprise a value chain can be contained within a single firm or divided among different firms. Value chain activities can produce goods or services, and can be contained within a single geographical location or spread over...
11 Pages(2750 words)Case Study
Value Chain Management
...is to establish a clear understanding of different concepts of value chain. The report will review literature regarding these different concepts. This will help establish a relationship between different aspects of value chain management and explain the importance of these concepts. The report will include an analysis of supply chain management and discuss different aspects of supply chain management. Basing answers on relevant literature it will also try to explain how the selected topic is influenced by a Customer and a Business Process perspective. Supply chain management will then be...
14 Pages(3500 words)Essay
Value chain
...organizations, - meaning that the product is rare – in appearance, in quality or any other feature. In addition, a competitive advantage is also gained when the organization is able to streamline all its activities, its value chain, in such a manner that the most cost effective combination of processes are achieved which deliver better value to the customer. In the case of Google, its core competency of providing ‘lightening fast high quality Internet search’ differentiates it from other search engines. The core competency of Google in Search Engine makes it the best suited service provider for not only direct generic searches but also establishes its credibility for online ads...
2 Pages(500 words)Essay
Define what is meant by industrialization
...Define what is meant by Industrialization This essay analyzes the impact of industrialization on theCaribbean as the main or broad topic. While the definition of the term, industrialization, forms the narrow concept of the paper. Thesis statement; industrialization is a broad term that initiated civilization in the universe; however, it came with benefits and impacts. While the benefits have been experienced in Caribbean; equally the region has borne industrialization impacts as other nations. Industrialization can be defined as the procedure by which traditionally nonindustrial segments like health, agriculture and education of an economy become progressively similar to the...
2 Pages(500 words)Essay
Value-chain for loreal
...Value Chain for L’Oreal Table of Contents Introduction 3 Value Chain Analysis 3 Inbound Logistics 3 Operations 3 Outbound Logistics 4 Marketing and Sales 4 Service 4 Firm Infrastructure 5 HRM 5 Technology Development 5 Procurement 5 Conclusion 6 References 7 Appendix 8 Introduction L’Oreal is one of the leading Clichy based French cosmetics and beauty multinational companies. L’Oreal is the largest organization in the global personal care industry in terms of profitability and revenue generation. This assignment will conduct an internal value chain analysis for L’Oreal in order to determine how the organization is adding...
2 Pages(500 words)Assignment
Value Chain Framework
...to the customers. This system helped in reducing the storage and handling costs of the final goods, and virtually eliminating the role of stores and all distribution centres. The company use five type of cross-docking referred to as follows: 1. Opportunistic Cross docking 2. Flow-through Cross docking 3. Distributor Cross docking 4. Manufacturing Cross docking 5. Pre-Allocated Cross docking All these cross docking techniques used by the company helped its aim of efficient logistics management. Also to gain maximum out of above referred docking techniques, company made fundamental changes in its approaches in its managerial controls. The system also shifted the focus from Value chain towards demand...
5 Pages(1250 words)Essay
Global value chain and domestic value chain
...Global value chain and domestic value chain Introduction Value chains in business comprise of the Global and domestic value chains. However, the activities or types of value chain include the operations, marketing and sales, service, and logistics amongst others (Gereffi, Humphrey & Sturgeon, 2005). Considering the essence of comparison, in this case, the choice of global and domestic value chains is that marketing and sales. Example 1: Global value chain in marketing and Sales Managers of marketing...
2 Pages(500 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Coursework on topic :Define and Explain what is Meant by a Value Chain for FREE!
Contact Us