Human resource management- consists of all activities involved in recruiting, hiring, training, developing, compensating, and dismissing or laying off personnel. Primary activities focus on the development and delivery of products or services.
These elements work together, because the benefits that the value chain provides give aid to the business processes. Procurement- is the acquisition of inputs, or resources it needs to operate; negotiating the best price. Inbound logistics- this activity relates to receiving, storing and distributing inputs internally.
Each of these primary activities is linked to support activities which help to improve their effectiveness and efficiency. A business model is a set of procedures and systems that administrates how a company generates revenue and makes a profit from its operations.
Your relationship with supplies is a key factor in creating value. Operations- this activity deals with transforming inputs into outputs products and services. Outbound logistics- activities that deal with the collecting, storing and distribution of the outputs to customers.
Get Full Essay Get access to this section to get all help you need with your essay and educational issues. Get Access Value Chain Essay Sample Porter proposed a general- purpose value chain that companies use to examine all of their activities, and show how they are connected.
These primary activities are grouped into five main areas: Value chain depicts the activities within and around an organization and relates them to an analysis of the competitive strength of the organization.
The way the value chain is performed determines costs and affects profit. The most important relationship between the business model and value chain involves the balance. As long as a company provides enough value from money invested, while keeping costs under control to generate profits for a company.
More essays like this: There are four main support activities: It evaluates which value each particular activity adds to the organizations products or services.
It consists of functions or departments such as accounting, public affairs, legal, finance, and general management.
Service- this involves maintaining the value of your products or services to your customers after it was sold and delivered.
Business models address profitability as well as sales revenue, describing the ways that a company invests capital in order to generate income, by creating and selling inventory, or creating a business location that attracts paying customers.Value Chain Essay Sample.
Porter proposed a general- purpose value chain that companies use to examine all of their activities, and show how they are connected. Value chain analysis is a method to review all the activities in an organization that contribute to maximizing competitive advantage and customer delight while identifying non value added waste and costs in the value chain process (Walter & Rainbrid, ).
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In the value chain illustrated in Figurethe primary activities are broken down into four functions: We will write a custom essay sample on The Value Chain specifically for you for only $ $/page.
1 Sustainability of the value chain and supply of education Name of Author(s): Nelson Raudales García [email protected] Universidad Nacional Autónoma de Honduras.
Paper, Order, or Assignment Requirements Learning Activity #4: Value Chain Discussion For help with this discussion, review the video Value chain management. The importance of being relevant, listed in the Resource Document. This video provides an overall view of the Value Chain, giving you a starting point for analyzing Levi Strauss’s value chain .Download