Gb570 - Study guides, Class notes & Summaries

Unit6 Assignment GB Unit 6 Assignment: The Value Chain in the Management of My Life School of Business, Purdue University Global GB570: Managing the Value Chain 03:20:21 GMT -05:00 Unit 6 Assignment: The Value Chain in the Management of My Life The value chain is critical to businesses, as well as to a person’s individual life. Nowadays, value chain organization is not just vital to establishments but an individual’s private life. As a person, my own life is the finest valu...

Unit6 Assignment GB Unit 6 Assignment: The Value Chain in the Management of My Life School of Business, Purdue University Global GB570: Managing the Value Chain 03:20:21 GMT -05:00 Unit 6 Assignment: The Value Chain in the Management of My Life The value chain is critical to businesses, as well as to a person’s individual life. Nowadays, value chain organization is not just vital to establishments but an individual’s private life. As a person, my own life is the finest valu...

GB570M2

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A value chains success is embedded in the adopted procedures to attain the underlying goals and gain a viable competitive advantage. The various value chain procedures include marketing,

The value chain denotes the chief processes and activities employed by a company to add value to an article via the production, marketing, and offering of after-sales services. The overarching goal of the value chain lies in sustaining a business entity's competitive advantage by optimizing customer value, attaining the performance objectives, and latter delighting the customers.

 Competitive Advantage and the Value Chain The success of any business entity can be directly attributed to the laid strategies in overcoming the looming competition

The contemporary value chain can be traced back to the efforts of Michael porter in 1985 in trying to develop a reliable that could be used in analyzing an organization. The value chain's intricate aim lies in creating an amicable platform that can be employed in determining vast organizational approaches aimed at creating a competitive advantage (Lau & Hurley, 2001).

The topic of social responsibility can be define as the scope of work aimed at creating value both inside and outside the companies work environment with the aim of aligning the outlined business objectives with various social and environmental concerns. On the other ahnd, value chains can be attributed to the specified set of activities that are aimed at creating value in line with the customer needs (Apaydin et al, 2021)