Land Securities property group - Essay Example

Land Securities property group Table of Contents Value Network 3 Internal Value Networks 3 External Value Networks 3 Value Network Analysis 5 Reference 6 Value Network A value network is a frame work of organizations that are dependent upon each other for sourcing and delivering the products from the manufacturers to the customers, so as to generate utmost level of satisfaction. The suppliers ensure the on time delivery and quality of the goods and the intermediaries work as marketing channels for the customers.

The value network allows the different companies to perform those tasks in which they are best. Secondly, it also helps to identify the disturbances in the supply chain much quickly. Lastly, firms can always shift part of their operations to another partner for the smooth functioning of business. An efficiently managed value network always helps to reduce cost and increase the level of efficiency (Moore, 2010, p. 90). Internal Value Networks Internal value networks depend on the activities like fulfilling the orders of the customers, customer service, innovation, generating leads for business, etc.

The value is not limited to external factors only. Land securities property Group also complies with the proper legislative regulations for purchase of both goods and services. The method utilized to procure them is always ethical and according to the environmental standards. External Value Networks The external value network would include the suppliers, intermediaries, innovative networks, and stakeholders. Land securities Property Group is in development of commercial property. They maintain very strong relationship with their suppliers to deliver excellent performance, even in the current market scenario.

While the assessment of value, the important is not only given to the initial price of purchase but also to the cost that would continue over the lifetime of the property. The value also includes factors like the quality, reliability and good performance. Value Network Analysis Value network analysis means visualizing, understanding and optimizing the internal and external value networks and the complexities of the ecosystem. In case of Land Securities Group we can segregate the external value network (suppliers) into three areas: Construction, Support Services, and the Facility Management Services.

The construction department includes the contractors, sub-contractors, the consultants and the component suppliers. These people have their own set of man power to work with land Securities Group. They work with them to develop and furnish property on behalf of Land securities Group. As the projects undertaken by Land securities property Group are usually big, so many big contractors work under the company to develop them. The five big contractors namely Bovis Lend Lease, McAlpine, Skanska, Mace and HBG work with Land Securities Property Group.

The facility management services include the work like fabrication, mechanical duties, electrical setups; cleaning and security services, etc are also taken care of by other partner companies. This aspect is included into the internal value networks. Apart from this the support services such as the IT, legal, marketing, recruitment and promotional activities are handled by other operational groups. Building in-house management teams for developing projects ensures the proper setup for the project and its on-time delivery.

Teams in Land Securities Groups usually consist of 80 people from the company and 20 from the suppliers’ side. In this way the company can increases reliability, innovation and optimize their program at minimum cost and risk. Reference Moore, K. (2010). Marketing: The Basics. Oxford: Taylor & Francis.