Analysis Of Michael Porter s Value Chain Essay - 1740 Words

During 1985, Michael Porter, one of the most important American economists, introduced one of his most famous theories: â€Å"The Value Chain†. Through this model is possible to describe an organization like a set of processes. Precisely nine processes divided in five primary activities and four support activities that help the business to gain its competitive advantage. The primary activities are composed by â€Å"Inbound Logistics†, â€Å"Operations†, â€Å"Outbound Logistics†, â€Å"Marketing Sales† and â€Å"Service†, while the support activities are: â€Å"Firm Infrastructure†, â€Å"Human Resource Management†, â€Å"Technology Development† and â€Å"Procurement†. This theory was published for the first time in 1985 inside one of the Porter’s greatest work: â€Å"Competitive Advantage: Creating and Sustaining Superior Performance.† In fact, the Porter’s Value Chain is a good tool through which evaluate the organization’s ability in achieving the competitive advantage and if achieved, this tool is useful to measure the quantity of this advantage. A business should focus on one of the primary activities in order to create an advantage in that. Moreover, the value chain can be used also to evaluate and determine which strategy is the best for a company to gain the competitive advantage. Thus, the aim of this essay is to analyse the Porter’s theory of the Value Chain considering concrete examples, in order to observe different strategies, which a good business can use to gain a sustained economic advantage. I’m going toShow MoreRelatedMichael Porter s Value Chain Analysis1813 Words   |  8 Pagesin progress, gaining an advantage is an essential key element to the companies success. To distinguish these viable advantages, Michael Porter created value chain analysis, which views a firm as a series of business processes that each add value to the product or service (Baltzan). The value chain analysis is a valuable source for regulating the greatest possible value for consumers. This topic will be further discussed with two major leading companies, Amazon and EBay. The increase in ecommerceRead MoreValue Chain and Competitive Forces Essay1247 Words   |  5 PagesValue Chain and Competitive Forces: Effects of Information Technology Module 2 Case John Dow ITM524: Fundamentals of Information Technology Management Dr. Somebody Somebody February 4, 2012 Introduction Businesses are established with the sole reason to provide a product or service to a customer with the intend to make a profit. The amount of time, effort, and resources spend should generate a profit. Then, the profit dependsRead MoreValue Chain : Competitive Advantage1444 Words   |  6 PagesValue Chain as Competitive Advantage If a firm sustain profits that exceed the industry average, said firm is said to have a competitive advantage. The goal of any given business strategy is to achieve a competitive advantage. Moreover, the goal of a successful business strategy is a sustainable competitive advantage. The question is how does a firm create that competitive advantage? According to Michael Porter, to achieve a competitive advantage, a firm must perform one or more value creating activitiesRead MoreThe Eco $ Ave Project1388 Words   |  6 Pagescritique the claim that The ECO$AVE project presents a useful value proposition and also present a brief evaluation of opportunities or otherwise, facing the ECO$AVE entrepreneurs. Value proposition is identical as competitive differentiation. It s the basis on which customers would purchase a company s product or service as contrasting to another s. If the company can put it through clearly and the customers and employees agree that it s correct, then the company is in business. And if the companyRead MoreValue Chain Analysis And Analysis1589 Words   |  7 Pagesdiscuss and explore the value chain analysis and the internal analysis in the strategic management. The focus of this report is to study the value chain analysis in detail along with the advantages and disadvantage of the value chain analysis. Also, the internal analysis is also discussed along with its pros and cons and the SWOT analysis of Next Plc. This report also discusses the way in which organizational resources are mixed to develop company’s abilities, Value Chain Analysis Keane (2008) statedRead MoreValue Chain as Competitive Advantage1024 Words   |  5 PagesValue Chain as Competitive Advantage Unit 3 Assignment Bobby Young-Mentgen GB570 Managing the Value Chain Pricilla Aaltonen Kaplan University September 25, 2012 Value Chain as Competitive Advantage Customer-centric businesses focus on consistently delivering a differentiated experience designed to satisfy the customer. The ultimate goal is to sustain competitive advantage in the marketplace. The purpose of this paper is to demonstrate why an effective value chain creates competitive advantageRead MoreValue Chain : Competitive Advantage1492 Words   |  6 PagesValue Chain as Competitive Advantage The idea of a value chain was first proposed by Michael Porter (1985) who identified that the more value an organization creates, the more profitable it is likely to be. Porter describes the value chain as the internal processes or series of activities a company performs â€Å"to design, produce, market, deliver and support its product† (Porter, 1985). John Shank and V. Govindarajan (1993) describe the value chain in broader terms than does Porter, affirming â€Å"theRead Moreidentifying competitive advantage3121 Words   |  13 PagesADVANTAGES Video: Panera Bread Cohesion Case: Competitive Advantage:Business Dilemma To survive and thrive, an organization must create a competitive advantage. A  Ã‚  competitive advantage  is a product or service that an organization s customers place a greater value on than similar offerings from a competitor. Unfortunately, competitive advantages are typically temporary because competitors often seek ways to duplicate the competitive advantage. In turn, organizations must develop a strategy basedRead MoreValue Chain Analysis1651 Words   |  7 Pagesinformation technology. This will put the organization at the forefront in terms of innovation as well as give the organization a competitive advantage (Hitt amp; Robert, 2011, p.10). Value chain analysis is a model that was developed by Michael Porter to help an organization develop a strategy for its organization. Michael porter suggested that organization activities can be grouped into two major categories which include the following; primary and support activities. Primary activities are those activitiesRead MorePanasonic Case Study1162 Words   |  5 PagesFigure 1: Porter s Five Forces on the Electronics Industry The Value Chain framework of Michael Porter is a model that helps to analyze specific activities through which firms can create value and competitive advantage. From a Management point of view, the Value Chain Framework helps to build a relative competitive advantage, together with Porter s Competitive Advantage thinking. The Value Chain Framework can be seen as helping to maximize corporate value creation. Figure 2: Michael Porters

William Shakespeare s Twelfth Night - 1221 Words

Shakespeare’s Twelfth Night is a widely known romantic comedy that was first published in 1623. Twelfth Night is one of Shakespeare’s finest works and it tends to have an affinity to modern romantic comedy films and stories. The play has love triangles, unrequited love, lies and deceit, playful comedic relief, and obstacles that interfere with characters’ goals. Many of Shakespeare’s plays were turned into film adaptations and many were used very loosely as source material. Hamlet had Lion King (very loosely), Romeo and Juliet had Romeo and Juliet (the DiCaprio version), and Twelfth Night has She’s the Man. She’s the Man is similar to Twelfth Night in three ways, the plotline, the names of the characters, and the humor. Despite the†¦show more content†¦The character names are also very similar, such as how Duke Orsino’s character in She’s the Man is also named Duke Orsino, but as a first name and last name instead of a title. Viola’s character in She’s the Man is also named Viola, however her disguised character is her brother Sebastian instead of Cesario. Olivia’s character in She’s the Man is also named Olivia and so is Sebastian’s character in She’s the Man. Sir Andrew and Sir Toby are inserted into the film as Duke’s soccer friends instead of their normal characters but are still in the film. Despite the general plot being similar, there are numerous differences between the play and the film. One of those differences is how and why Duke decides that Viola should help him serenade Olivia. In the play, Duke Orsino is impressed by Cesario and decides that Cesario should send his affections to Olivia. In the film, Duke had previously seen Sebastian (Viola) with women and because Sebastian was going to be lab partners with Olivia, Duke made a deal with Sebastian that if Sebastian would help Duke with Olivia, Duke would help Sebastian make first string on the soccer team. Another difference is Olivia’s reason for mourning. In the play she is mourning the death of her father and brother while in the film she is trying to get over a previous bad relationship and she did not want to be hurt again.

What Changed Me free essay sample

I wish my family was never shaken to its very core. But it was. However, underneath that immense disguise was a blessing. Last year, the day after Christmas, my parents trudged into my room, tears sliding down their faces, saying, â€Å"Tressa, we need to talk to you.† That was when I learned my aunt Terri had a stroke.She was at her son’s wrestling match walking with my uncle Wade. One minute she was standing next to him, and the next she was gone. When he spun around,she was lying on the ground, as if she was asleep. Aunt Terri was rushed to the nearest hospital where they put her in a helicopter and shipped her off to the University of Wisconsin Hospital. The doctors had to perform surgery on her right away. They took out part of her skull so the swelling in her brain could go down; she wasn’t supposed to make it through the night. We will write a custom essay sample on What Changed Me or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Even though my Aunt Terri can’t budge her right arm, has limited mobility in her right leg, and can only say a few words, she is alive. Going through a traumatic experience has changed me.Now, I am closer to my family and I am a happier person. I’ve learned not to take them for granted and to be thankful my family and I are healthy. Seeing my aunt having trouble doing things that come easily to most people like talkingand walkingmakes me sad. I’m grateful no one else in my family has to struggle like she does. When my aunt was in the hospital, I spent a lot of time at my uncle’s house with my cousins. We didn’t talk about their mom. Instead I spent time with them, and made them feel better.Pushing them through the most difficult time of their lives helped me grow. I learned to be positive and make sure the people around me are positive too by reassuring them that Terri will get better and telling them she improves every day. I also had to help aro und the house because two teenage boys doing housework when their mother isn’t around to tell them to do it is unheard of. I actually started to enjoy things like laundry, dishes, and cleaning because I knew I was being appreciated. I learned about responsibility. Having to deal with my life and my cousins lives was difficult, but I managed. My aunt’s stroke turned out to be a blessing for me. It gave me a new outlook on life. Since then I have worked hard at everything that has been put in front of me. I do better in school and help the people around me with whatever they need.If I don’t do my best with everything that is thrown at me, I don’t feel accomplished. I know at any moment something can be taken away. I don’t take life for granted anymore and appreciate the opportunities I have.