Preview

Strategic Management

Powerful Essays
Open Document
Open Document
1717 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Strategic Management
2/22/2013

The Value Chain

Strategic
Management

• Value Chain
– Value chain is a convenient way of looking at the firm’s activities Introducing Strategy Management

– The functional activities within the firm that create value in the goods and services produced

(Basic Concepts of Strategic Management)

Lecture 3
21.2.2013

Value chain: all the activities that a firm uses to design, produce, market, deliver, and support its product

Dr. Kayhan Tajeddini
Associate Professor (Docent)
Department of Business Administration,
School of Economics and Management

Lund University, Sweden
Kayhan.Tajeddini@ritz.edu

2013
Copyright ©2013 Pearson Education, Inc. publishing as Prentice Hall

Components of the Value Chain
• Primary activities: physical actions of creating, selling, and after-sale service of products
• Upstream: early activities in the value chain

1-1

3–2

Copyright © 2009 Cengage. All rights reserved. Business Functions, The Value Chain, and Value Creation

The Value Chain

– R&D
– Dealing with suppliers

• Downstream: later value chain activities
– Sales
– Dealing with distribution channels

Inputs

Research and Development

Outputs

Primary Activities

1

2/22/2013

Business Functions, The Value Chain, and Value Creation

The Value Chain

Inputs

Research and Development

Business Functions, The Value Chain, and Value Creation

The Value Chain

Production

Outputs

Inputs

Research and Development

Production

Marketing and Sales

Outputs

Primary Activities

Primary Activities

Business Functions, The Value Chain, and Value Creation

Business Functions, The Value Chain, and Value Creation

The Value Chain

The Value Chain
Company Infra-Structure

Support
Activities

Human Resources
Materials Management

Inputs

Research and Development

Production

Marketing and Sales

Primary Activities

Service

Outputs

You May Also Find These Documents Helpful

  • Powerful Essays

    11. Value Chain: is the “set of activities through which a product or service is created and delivered to customers.” [1] There are five primary components of the value chain and four supporting components.…

    • 2817 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Strategic Management

    • 544 Words
    • 3 Pages

    4. Returns can only be measured in accounting terms such as return on assets, return on equity, or return on sales.…

    • 544 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Strategic Management

    • 5703 Words
    • 23 Pages

    Management and leadership, these two terms are often used interchangeably; management is more usually viewed as getting things done through other people in order to achieve organizational goals. The managers may react to specific situations and more concerned with short term problem solving. Management is regarded as related to people working in a structured organization and with prescribed roles. The emphasis of leadership is on interpersonal behaviour in a broader sense. Belbin (1997, p 98) suggests that, “there is a clear implication that leadership is not part of the job but quality that can be brought to a job … The…

    • 5703 Words
    • 23 Pages
    Powerful Essays
  • Satisfactory Essays

    3. Understand how pressures for cost reductions and pressures for local responsiveness influence strategic choice.…

    • 7449 Words
    • 30 Pages
    Satisfactory Essays
  • Good Essays

    Crain And Abraham 2008

    • 4441 Words
    • 14 Pages

    Value chains may be defined in two ways: (1) within a company they describe the various value-added stages from purchasing materials to distributing, selling, and servicing the final product (Porter’s 1985 concept),[3] and (2) they also delineate the value-added stages…

    • 4441 Words
    • 14 Pages
    Good Essays
  • Satisfactory Essays

    strategic management

    • 347 Words
    • 2 Pages

    What does a Porter's Five Forces analysis reveal about the industry in which Dunkin' Donuts and Starbuck's compete and what are its strategic implications for Dunkin' Donuts?…

    • 347 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Strategic Management

    • 305 Words
    • 2 Pages

    Opportunities:a new SUV, the seven-seat Jeep Commander. Launched in mid-2005, the timing of the Commander could not have been worse.…

    • 305 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Strategic Management

    • 6428 Words
    • 26 Pages

    This proposal is about Starbucks. Starbucks is at maturity stage in product life cycle. The revenue is keep increasing since 2009, and the revenue of 2011 is $11.7 billion. The number of Starbucks stores has 17244 all over the world. The fixed cost percentage was above 89 % every year. The major Competitors are Green Mountain Coffee Roasters, Coffee Bean and Tea Leaf, Costa Coffee, Peet’s Coffee and Tea, and Caribou Coffee. There are close substitute of coffee, which are Teechino, Cafix, Genmaicha, Pero, and Roastaroma. The goals are to serve 25% of drinks that use the reusable cups, and front-of store recycling. Through this proposal, I had mentioned about identification of resources and capabilities which includes, inbound and outbound logistics, operations, marketing and sales, procurement, human resource management, technology development, and administration. There are many successful strategies for Starbucks to implement, like they offer Frappuccino with others products, become the ‘third place’ for everyone, and customer satisfaction. The most important resources for Starbucks are employees, coffee beans, and fund. I recommendation Starbucks provide delivery service, the Starbucks location should at the place where is obviously to show the signboard, and…

    • 6428 Words
    • 26 Pages
    Best Essays
  • Powerful Essays

    Strategic Management

    • 60114 Words
    • 241 Pages

    Copyright © 2009 The Barilla Group, The Coca-Cola Company, The International Finance Corporation, McKinsey & Company, Nestlé S.A., New Holland Agriculture, SABMiller plc, Standard Chartered Bank, and Syngenta AG. This report was prepared with the support and active participation of each member of the 2030 Water Resources Group, but the views expressed in it are not a reflection of any official policy of those sponsor organizations. For more information on this report please use the following e-mail address: 2030WaterResourcesGroup@mckinsey.com Printed on Cougar Opaque Smooth | FSC | 10% post-consumer reclaimed material | ECF - Elemental Chlorine Free Charting Our Water Future…

    • 60114 Words
    • 241 Pages
    Powerful Essays
  • Better Essays

    Value Chain

    • 1115 Words
    • 4 Pages

    A value chain is a chain of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market. It is a systematic approach to examining the development of competitive advantage. It helps in the identification of the core competencies of an organization.…

    • 1115 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Strategic Management

    • 401 Words
    • 2 Pages

    Following on from the above 2 points, here you need to select a particular market – ideally the one that your own organisation operates in – and describe how you would create appropriate strategic marketing objectives (not actions) aimed at achieving success in that market.…

    • 401 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Strategic Management

    • 542 Words
    • 3 Pages

    Remember strategy is about the long-term direction of an organisation and addresses three basic questions:…

    • 542 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Strategic Management

    • 1223 Words
    • 5 Pages

    This document describes the contents and structure of the course Strategic. It is important that you read it carefully, as it will guide you through the different parts of the course and hopefully answer most of your questions. The document also indicates what we expect from you in the course, and what you can expect in return from us.…

    • 1223 Words
    • 5 Pages
    Satisfactory Essays
  • Powerful Essays

    Strategic Management

    • 1906 Words
    • 8 Pages

    What are the most significant differences between the planning/design/positioning schools of strategic management and the resource based view?…

    • 1906 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Strategic Management

    • 775 Words
    • 4 Pages

    Essay 1: “Describe the deliberate and emergent processes for developing strategies and discuss the best approach for delivering sustainable competitive advantage.”…

    • 775 Words
    • 4 Pages
    Good Essays