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https://bizfluent.com/info-8445252-five-primary-functions-value-chain.html
Porter described five functions within the value chain including: inbound logistics, operations, outbound logistics, marketing and sales, and service. When the five functions are properly set in motion, a company creates a profit on the product being created.
https://www.investopedia.com/terms/v/valuechain.asp
Jan 11, 2020 · The end goal of a value chain is to create a competitive advantage for a company. Value-chain theory analyzes a firm's five primary activities and four support activities.
https://www.mindtools.com/pages/article/newSTR_66.htm
A value chain is a set of activities that an organization carries out to create value for its customers. Porter proposed a general-purpose value chain that companies can use to examine all of their activities, and see how they're connected.
https://www.businessnewsdaily.com/5678-value-chain-analysis.html
Aug 28, 2019 · The United States Postal Service (USPS) explains that the purpose of value chain analysis is "to create value that exceeds the cost of providing the product or …
https://www.smartsheet.com/art-value-chain-analysis-defining-activities-identifying-areas-improvement
As the term "chain" implies, there are fundamental linkages and areas of interdependence to support each of the discrete individual activities within the chain. The value chain is part of an overall value system that encompasses both the supply chain (at the front end of inbound activities) and the buyer's chain (at the end).
https://www.smartsheet.com/everything-you-need-to-know-about-value-chain-analysis
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. For more on Porter’s value chain model and a detailed description of the goals, functions, and tasks of a value chain, read The Art of Value Chain Analysis.
https://www.bcg.com/en-za/publications/2013/energy-environment-role-support-functions-upstream-value-creation.aspx
Nov 20, 2013 · Transforming upstream oil-and-gas support functions, such as supply chain and logistics, can reduce per barrel expenses by one to two dollars and improve project delivery effectiveness. ... In order to determine a support group’s ability to drive value, its maturity needs to be assessed across six dimensions. We describe below the attributes ...
https://quizlet.com/301279084/ch-3-strategic-mgmt-flash-cards/
Support functions include the activities or tasks the firm completes in order to support the work being done to produce, sell, distribute, and service the products the firm is producing. A firm can develop a capability and/or a core competence in any of the value chain activities and in any of the support functions.
https://quizlet.com/78072940/ch-4-flash-cards/
Which of the following is NOT true about value chain analysis? a. The value chain is a template the firm can use to understand its cost position. b. This analysis helps to identify the single most important means that will facilitate strategy implementation. c. Both value chain activities and support functions …
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