Value Chain Analysis “Value chain analysis (VCA) is a process where a firm identifies its primary and support activities that add value to its final product and then analyze these activities to reduce costs or increase differentiation.” The concept comes from business management and was first described and popularized by Michael Porter in Competitive Advantage: Creating and Sustaining Superior Performance 1985 The activity of a diamond cutter can illustrate the difference between cost and
Premium Marketing Wage Costs
ARTICLE www.hbr.org What Makes an Effective Executive by Peter F Drucker . Included with this full-text Harvard Business Review article: 1 Article Summar y The Idea in Brief—the core idea The Idea in Practice—putting the idea to work 2 What Makes an Effective Executive 8 Further Reading A list of related materials‚ with annotations to guide further exploration of the article’s ideas and applications Product 6980 What Makes an Effective Executive The Idea in Brief The
Premium Management Peter Drucker
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
What Makes an Effective Leader? Is a Leader Born‚ or Can They be Made? What makes an effective leader? Is a leader born‚ or can they be made? This paper will attempt to answer these questions and explain what it takes to become a truly effective leader. First we will discuss what an effective leader is exactly‚ and then move on to describing what it takes to become someone like that. What makes a truly effective leader? Are effective leaders only found
Premium Leadership
international business management module Teacher : Ian Norman student Name : Mokbul Hossain Student Id : 000762547 Question: As a management consultant advising a country of your choice‚ explain how u can use Porter ’s Diamond model to evaluate and improve the nation ’s competitive position. Introduction Business world is getting complicated day by day .Companies want to do business like participating in the competition for profit or market share. We are now at globalisation era
Premium Mexico International trade North American Free Trade Agreement
the path of mutually destructive competition. True‚ some barriers to competition are falling as regulation eases and markets become global. True‚ companies have properly invested energy in becoming leaner and more nimble. In many industries‚ however‚ what some call hyper competition is a self-inflicted wound‚ not the inevitable outcome of a changing paradigm of competition. The root of the problem is the failure to distinguish between operational effectiveness and strategy. The quest for productivity
Premium Management United States Psychology
Outline 1. Michael Porter’s framework of generic strategies (overall cost leadership‚ differentiation‚ focus) ➢ Describe each of the strategies ➢ Provide examples of firms that have successfully attained as a means of outperforming competitors in their industry ➢ Address how these strategies help a firm develop a favourable position vis-à-vis the five forces ➢ Pitfalls managers must avoid if to pursue successfully these generic strategies ➢ Conditions under which firms may effectively
Premium Marketing Product life cycle management Product differentiation
What Makes People Effective? This chapter‚ contributed by Edward E. Lawler‚ outlines the processes and ideas by which an organization can create a virtuous spiral –a symbiosis between individual employees and their organization to work towards achieving everyone’s goals. People in an organization perform well when they are properly motivated. The organization needs to know what motivates its people to be responsible‚ and willing to provide‚ the components it needs to succeed. The capabilities
Premium Motivation
Review “What Makes an Effective Executive?” by Peter F. Drucker What is this article about as a whole? There is no science on how to improve effectiveness; effectiveness is a disciple and therefore can be learned by anyone. Drunker concludes that you don’t have to be a leader or possess specific personalities‚ strengths‚ values or beliefs to be an effective executive. Utilizing the following eight simple practices allows executives to be effective: Asking‚ “What needs to be
Premium Management
Primary activities – create customer value Inbound logistics – routines and processes that bring resources into the organization Because McDonald’s criteria is very high‚ so they require the products are of top quality base on the low cost. They purchase raw vegetables and other raw materials from its fixed‚ pre- defined suppliers only‚ some like local grocery and farm‚ to make raw materials is fresh. For example the soft drinks‚ the only supplier is Coca-Cola. McDonald’s has practiced a backward
Premium Supply chain management Supply chain Customer