Posts Tagged ‘Value Chain Definition’
I frequently get inquiries from companies in the digital media industry about the implications of a particular new technology on their business. Far too often, these companies perceive the new technology as a threat and feel the need to rush out and introduce a competing product or service. This is a big mistake. True, new technologies do change the competitive dynamics between carriers, distributors, vendors, and networks in the internet entertainment marketplace, but, if a company is secure in their positioning, new technologies needn�t be a threat.
So, for the sake of efficiency, and to Read the rest of this entry »
Value Chain Example
Add value to the customer is straight forward, but is it? In simple terms adding value to the customer means giving the customer a little more than she expects. It’s about innovation. It’s about creativity. In most of Nigeria, the average suyaman (street roasted meat seller) knows it – any time you buy suya (roasted beef meat), the suyaman cuts a piece of meat for you to taste before he asks you the amount you wish to buy. It is called jara, Hausa for extra. How many times do they give you a little ice crème, or meat pie, Read the rest of this entry »
It Value Chain
In ostrich farming, as with any other business, it is important to study the value chain to determine the best course of action for the business to be successful. With a value chain firmly understood, it is possible to support the development of a business plan, and also to build a business model most suitable for the profitable running of the production line. The idea of the value chain being to enlarge and maximize value of your production while minimizing costs of the production.
When plotting the value chain of the business, it becomes easy to Read the rest of this entry »
The Value Chain
In a previous article, “Hidden Money in Your Business: Ask Four Questions to Find it”, I discussed questions to use in identifying Cost Drivers. Cost Drivers are the reasons why we do work. Or, for the work we do, why the work costs so much, why quality suffers, and why the work takes so long. This activity analysis yields powerful, actionable information for cost management.
However, before rushing off to ” fix ” these Cost Drivers, take a breath and ask a few more questions to ” get the lay of the land .” Read the rest of this entry »
Value Chain System
Background (General Facts from Case Study)
Dell is a computer corporation recognized for manufacturing computer systems through parts assemble. In 1983, Michael Dell saw an opportunity in using IBM compatible computers for a new assembly line that can be sold to local businesses. The idea as explained by Michael Dell, in an interview with Joan Magretta, is that in the early days of computers’ manufacturing, companies had to be able to produce every part of the system. As the industry matured, companies started to focus on single parts and to become specialized in creating Read the rest of this entry »