Value Chain Analysis Homework Help
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It is given in Value Chain Analysis Homework Help that value chain analysis is a decision support tool used by various organizations and firms to create values for their business. Michael porter introduced the concept of value chain analysis in the year 1985. As mentioned in Value Chain Analysis Homework Help, the value generated by value chain analysis is divided into two categories- primary activities and support activities. Marketing, service, sales, operations, and both inbound and outbound logistics constitute primary activities. And, technology development, human resource management, procurement and infrastructure are all included in support activities.
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Advantages and Disadvantages of Value Chain Analysis
Some advantages of Value chain analysis explained in Value Chain Analysis Homework Help are given below
• Value chain is a strategy tool that diagnoses and creates competitive advantage on both differentiation and cost.
• It has been an important topic of strategy management teaching in different management schools for the last couple of decades.
• It can be adapted for businesses such as- retail or service, manufacturing, big or small, etc. Other advantages are explained in Value Chain Analysis Homework Help.
Some disadvantages of Value chain analysis explained in Value Chain Analysis Homework Help are given below
• Michael porter’s book on value chain analysis is quite difficult to comprehend.
• While conducting a value chain analysis, sometimes a company’s overall strategy is lost.
• Many people are familiar with the value chain analysis but only few excel in its use. Other disadvantages are explained in Value Chain Analysis Homework Help.
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