What is a value chain and why is it important

Assignment Help Management Information Sys
Reference no: EM131207136

PART A

Please I need good and quality answers. Also please I want good citation and good references. I want it in APA format.

Week 1 Questions: This week we're talking about the Competitive Environment of firms. A lot of it will center on Porter's "Five Forces" model. Here are our discussion questions for this week:

Question:

Here is a link to the reading to question below, please read it first to help answer the question.

https://www.quickmba.com/strategy/generic.shtml

The question: What are Porter's three generic strategies and explain? Under what circumstances would the application of each of his strategies be the most appropriate? As a manager, what are the conditions you are looking for that would make each of his strategies relevant?

PART B

I need good and quality reply/response to these discussion board answers. Just read the discussion board answers, and respond to the information you read and add more information. Just three to five Lines response each.

A. Kendall Lollis

What is a Value Chain and why is it important?

The Value Chain is a model that shows a company how it can create value. The primary functions or steps of the model are inbound logistics, operations, outbound logistics, marketing and or sales, and service. These steps have the biggest impact and should add cost efficient value to the product or services being marketed. The Supporting functions include firm infrastructure, HR managements, technology development, and procurement. These steps support the primary functions. Each of the steps in a Value Chain add to the ending value or profitability of what is being marketed. The Value Chain is important because analyzing the value chain can help provide information on ways that IT can result in competitive advantage (Bourgeois, 2014).

Something interesting I learned while reading about the Value Chain in the course content was about VAT or value-added tax. I live in Germany now and pay a VAT on a daily basis when shopping for everyday things. I honestly had no idea what the VAT was even for and never questioned it because I have to pay it anyways. VAT is a result of the Value Chain. According to the course content, "[it] is applied at each point in the chain to reflect the increased value of the original raw materials as they move through the production and distribution process" (Kraft, 2016). So I am paying for each step of the process taken or making, selling, and so on in the value chain for products when I purchase them.

Bourgeois, D. T., Ph.D. (Ed.). (2014). Information Systems for Business and Beyond. Retrieved September 8, 2016.
Kraft, E. (2016). Value Chain-Did You Know? Retrieved September 08, 2016, from https://umuc.equella.ecollege.com/file/86676687-c3fd-4176-92e0-ad8f73fc49ee/1/IFSM300-1202.zip/Modules/M1-Module_1/popups/Value_Chain.html

B. Nikole Ferguson

What's "Paving the Cowpaths" -- why is it easy to do, what should be done instead?

Paving the cowpaths means automating a business process as is, without thinking too much about whether or not that process is effective or efficient which would be easier than Business Re-engineering (BPR). Change managers should re-engineer processes rather than simply automate them.

?Paving the cowpaths is often an effective first step in sweeping, paradigmatic change. The real questions are: (1) whether the initial formulation is flexible enough to support migration to a new system, and (2) whether the change managers have the vision and capability to create the conditions favorable for change, and to manage a multi-stage change process.

? Byrnes, J. (2011) Change Management: Paving the Cowpaths. Retrieved from https://www.fastcompany.com/1769710/change-management-paving-cowpaths

C. Brian Pehrson

What is a Value Chain and why is it important?

According to our text (UMUC, 2016) a value chain is quite literally everything that goes into a business starting from the initial concept through production to sales. It is anything that a business does or any products/systems it has that could add value. The chain models every aspect and every effort put into ones business. The importance of a values chain cannot be taken lightly either. When a business does not focus on its values chain, it does not focus on a way to make them more completive or a way to improve their own process.
For example, if any business fails in value chain management their products and internal sections will not efficiently communicate. Poor communication usually leads to breakdowns between sections/systems, which could lead to the interruption of supplies chains loss of employees or worse situations (Arline, 2015).

References

Arline, K. (2015, 01 26). What is a Value Chain Analysis.Business News Daily.
UMUC. (2016, 09 13).Business Perspective-The Values Chain Concept. Retrieved from UMUC.EDU: https://umuc.equella.ecollege.com/file/86676687-c3fd-4176-92e0-ad8f73fc49ee/1/Mod1Topic_5.html

D. Jacob Stockdill

Who is this porter guy?

Michael Porter is an academic that has become known for his theories on strategy, business and economics. He is a 1969 graduate from Princeton, graduating with honors and first in his class. He credits his nexus of his business and economic ideas principles of competition from athletics. Porter was a member of national championship golf team while at Princeton and was multi-sport athlete in high school. He has published 18 books, six time recognized for writing excellence and currently is a professor at Harvard.

Reference no: EM131207136

Questions Cloud

Problem regarding the hierarchy of service styles : Common variables and characteristics of food and beverage service systems are explained in relation to the hierarchy of service styles?
What are the hindrances to a strong relationship : How can IT leaders establish an effective relationship with Business Managers? What are the necessary conditions in a business environment for a strong relationship between IT and business?
What is the experiment designed to measure : What is this experiment designed to measure? What can the results NOT tell us about the experiment? What special safety precautions do you need to be aware of for this experiment?
Which radio stations are most popular with students : What graph would you use? What type of graph or graphs would you plan to make in a study of each of the following issues?
What is a value chain and why is it important : The question: What are Porter's three generic strategies and explain? Under what circumstances would the application of each of his strategies be the most appropriate? As a manager, what are the conditions you are looking for that would make each..
Compute the power : If the current through and voltage across an element are I = 8 sin(ωt + 40°) and v = 48 sin(ωt + 40°), respectively, compute the power by I2R, (VmIm/2) cos θ, and VI cos θ, and compare answers.
Remarkably good or bad experiences : What tools/methods do you anticipate using in your job search following your graduation? Have you run into remarkably good or bad experiences you'd like to share? (If so, keep thing anonymous!) How prepared would you feel in pursuing a job oppo..
What is the power factor : A circuit dissipates 100 W (average power) at 150 V (effective input voltage) and 2 A (effective input current). What is the power factor? Repeat if the power is 0 W; 300 W.
Find the sinusoidal expression for the input current : The power delivered in watts is 500. If the input voltage is 50 sin (ωt + 40°), find the sinusoidal expression for the input current.

Reviews

Write a Review

 

Management Information Sys Questions & Answers

  Importance of information management for the company

Ascertain the importance of information management for the company or industry that you have chosen. Analyze the fundamental impact of IT architecture or enterprise architecture on information management for your chosen company or industry

  Describe enterprise architecture

Using the DMV case study provided, determine how an EA could be used to help the DMV accomplish the objectives stated explicitly and implicitly in the case study

  How hard is the ist 195 final

How hard is the IST 195 final? The professor made it seem pretty challenging.

  Symbol for the string concatenation operator

symbol for the string concatenation operator and Which of the following is NOT a reason for using procedures

  Develop recommendations for additional e-services

Develop recommendations for additional e-services for your chosen State Educational Website (Idaho). Distinguish between those services that provide support to parents, educators, or community at large.

  What do you want to do with your major

Prepare a 10 page paper with 10 citations on an emerging technology. You should incorporate the other assignments into the paper as all of them will have weight on any new technology. You will be required to conference with me at a regular basis -..

  Cloud computingi need help with the following

cloud computingi need help with the following assignmentcloud computing is defined by cearly and phifer in their case

  Operational benefits to a health care organization

Determine, within the health care setting, the main features, capabilities, and operational benefits to a health care organization using the following: patient care applications

  Network switching upgrade for star hub amp spoke

network switching upgrade for star hub amp spoke topologyyou are the it manager of an elementary school. the school is

  Database administrator maintains and supports

Network Solutions, Inc (NSI) provides network services and NSI's database administrator maintains and supports its database systems

  Evaluate the options for solving the problem

Define the problem in the scenario that you have chosen. Analyze the problem in the scenario. Generate options for solving the problem in the scenario.

  Choose an organization delivering goods andor services

choose an organization delivering goods andor services globally.provide a background of the organization and fully

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd