Value Chain Analysis Research Paper

Value Chain Analysis Research Paper-46
Similarly, a wide variety of industries such as enterprise, manufacturing, retail, service, and technology, in addition to governments and their agencies, successfully adapt the basic value chain concept, and understand that not all functions or activities need to receive the same level of scrutiny.For example, the Department of Defense (DOD) has a design-chain operations reference (DCOR) that cites little need to spend time or resources analyzing marketing and sales activities in their overall value chain.In both micro and macro-change management strategies, business leaders continue to successfully implement Porter’s deceptively simple value chain framework.

Similarly, a wide variety of industries such as enterprise, manufacturing, retail, service, and technology, in addition to governments and their agencies, successfully adapt the basic value chain concept, and understand that not all functions or activities need to receive the same level of scrutiny.For example, the Department of Defense (DOD) has a design-chain operations reference (DCOR) that cites little need to spend time or resources analyzing marketing and sales activities in their overall value chain.In both micro and macro-change management strategies, business leaders continue to successfully implement Porter’s deceptively simple value chain framework.

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Porter’s 10 cost drivers are factors that can impact the cost of an activity.

An organization can aim to control these cost drivers in order to improve efficiency, add value, and differentiate.

Today, there is some concern that as new technology changes how a society does business and how a consumer relates to goods and services, Porter’s 30-year-old conception of value chain analysis will not remain relevant and useful.

A value chain refers to the activities that take place within a company in order to deliver a valuable product to market.

It is not meant to be a standalone, rigid framework that creates barriers between functions or gives equal weight to every task that brings a product or service to market.

Various departments, including human resources, marketing, sales, and operations utilize value chain analysis.Once you identify value activities, you can then focus analysis on where you can add value and discover areas for optimization, differentiation, or cost efficiency.When you complete these aspects of analysis, you’re ready to put together a plan for changes.For more on Porter’s value chain model and a detailed description of the goals, functions, and tasks of a value chain, read Cost advantage results from a reduction in costs associated with activities in a value chain.After the value chain has been defined, it’s important to associate costs to the activities and then make adjustments for efficiency.For more information, see The Emergence of Global Value Chains: What Do They Mean for Business?In the following discussion, you’ll discover everything you need to know about value chain analysis, including generous examples by industry.Value chain analysis focuses on analyzing the internal activities of a business in an effort to understand costs, locate the activities that add the most value, and differentiate from the competition.To develop an analysis, Porter's model outlines primary business functions as the basic areas and activities of inbound logistics, operations, outbound logistics, marketing and sales, and service.The model also identifies the discrete tasks found in the important support activities of firm infrastructure, human resources management, technology, and procurement.The overall goal of value chain analysis it to identify areas and activities that will benefit from change in order to improve profitability and efficiency.

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