Value and Supply Chain - Slides 7.pdfVIP

What is a value chain? A value chain describes the categories of activities within and around an organization, which together create a product or service. Johnson. G., Scholes. K. and Whittington. R. 2008. Exploring Corporate Strategy: Essex. Pearson. Efficient and effective processes: a systems approach Inputs –Transformation - Outputs Source: (Model). (1995). The Open University Business School. ( Sup 308435). United Kingdom: The Open University Press. Actuator (s) Sensor (s) Feedback of information or data on the output Standards or objectives Comparator An activity system map Johnson. G., Scholes. K. and Whittington. R. 2008. Exploring Corporate Strategy: Essex. Pearson. Value Chain Porter M. E. (1985). Competitive advantage: creating and sustaining superior performance. New York: The Free Press. The value network In: Johnson. G., Scholes. K. and Whittington. R. 2008. Exploring Corporate Strategy: Essex. Pearson. Relationship: value chain and supply chain Supply chain In addition to speed… a supply chain needs to have: Agility... Adaptability... Alignment... Please review slides from class one and go to recommended reading: Lee. L. H. (2004) ‘The Triple-A Supply Chain’. (Series HBR spotlight 21st Century Supply Chain). Harvard Business Review. Note: available on Blackboard. Understanding the capabilities in relation to the value network Which activities are important to organization’s strategic capability? For example: Where are the profit pools? What should be outsourced? Who might be the best partners in the parts of the value network? Johnson. G., Scholes. K. and Whittington. R. 2008. Exploring Corporate Strategy: Essex. Pearson. Activities and value chain Porter. E. M. (2006). Presentation at the University of Iceland. Harvard Business School. 2nd October Geography: key activities Porter. E. M. (2006). Presentation at the University of Iceland. Harvard Business School. 2nd October. International activities Porter. E. M. (2006). Present