Porters value chain - 1795 Words

Michael Porter published the Value Chain Analysis in 1985 as a response to criticism that his Five Forces framework lacked an implementation methodology that bridged the gap between internal capabilities and opportunities in the competitive landscape. This framework focused on industry attractiveness as a determinant of the profit potential of all companies within that particular industry. However, significant differences in performance exist between companies operating within the same industry that can be explained either by the company s participation in a successful strategic group or by a firm s specific competitive advantages. Value Chain Analysis helped identify a firm s core competencies and distinguish those activities that†¦show more content†¦Technology development activities can bring product differentiation by introducing improvements to the development process. Finally cost-effective procurement activities that look for the most reliable suppliers with the best quality of goods can significantly reduce costs and create more value. By subdividing an organisation into its key processes or functions, Porter was able to link classical accounting to strategic capabilities by using value as a core concept, i.e. the ways a firm can best position itself against its competitors given its relative cost structure, how the composition of the value chain allows the firm to compete on price, or how this composition allows the firm to differentiate its products to specific customer segments. Achieving Competitive Advantage with Value Chain The value chain helps an organization in understanding where value is created at each of its activities and in linking those value-adding activities with the business strategy and customer needs. This set of activities which represents a unique and integrated value-creating sequence is hard for competitors to emulate and thereby sets up and maintains a long lasting competitive advantage for the organization. For example, The Warehouse Group Limited, the largest store retailer in New Zealand, hasShow MoreRelatedAn analysis of porters value chain1188 Words   |  5 Pagesfirms can gain a competitive advantage, it is useful to model the firm as a chain of value creating activities. For this purpose, Porter identified a range of interrelated generic activities common to a wide range of firms. The resulting model is known as the value chain. According to Porter (1985), Competitive Advantage arises out of the way firms organise and arrange discrete activities. Through using the Value Chain, the activities performed by a firm competing in a particular industry canRead MoreValue Chain By Michael Porter2187 Words   |  9 PagesValue Chain Analysis Value Chain is a strategic tool to measure the importance of the customer’s perceived value in value chain analysis. By enabling companies to determine the strategic advantages and disadvantages of their activities and value-creating processes in the marketplace, value chain analysis assumes critical importance in assessing competitive advantage. The dissertation explores the different elements of the value chain of computer hardware and behemoth Dell and seeks toRead MoreThe Value Chain By Michael E. Porter And Popularized Essay809 Words   |  4 PagesThe Term ‘value chain’ was coined by Michael E. Porter and popularized in his business management book, Competitive advantage: creating and sustaining superior performance. According to Michael E. Porter, the value chain includes the activities within and around a company that creates a product or service. Porter’s value chain constitutes a set of activities that are performed to design, product and market, deliver and support its products. Porter distinguished between; †¢ Primary activities: inboundRead MoreAnalysis Of Michael Porter s Value Chain Essay1740 Words   |  7 PagesDuring 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†, whileRead MoreMichael Porter s Value Chain Analysis1813 Words   |  8 Pagesprogress, 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 ecommerce willRead MoreAnalyzing Porter s Five Forces And Value Chain Analysis Essay1809 Words   |  8 Pagesmaintain their Vision â€Å"to create a better everyday life for many people,† customer trust and love IKEA vision with their low-price. In this report, will be analyzing Porter’s five forces and value chain analysis. The two tools will enable readers to have a clear understanding on IKEA form internal value to external value, which included not limited to primary activity, secondary activity, internal power, external power and threat of substitution. Bygone through these points above, readers can identify andRead MorePorter Value Chain Analysis882 Words   |  4 PagesPORTER S VALUE CHAIN ANALYSIS The porter’s value chain is a model that helps to analyze specific activities through which firms can create value and competitive advantage. There are two activities in value chain which are: Primary activity – directly concern with creating and delivering a product. Support activities – not directly involved in production, may increase effectiveness or efficiency. PRIMARY ACTIVITIES | DESCRIPTION | Inbound Logistic | * Concerned with receivingRead MoreValue Chain Analysis By Michael Porter Essay2186 Words   |  9 PagesWhat is a Value Chain? A value chain is a set of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market. The concept comes from business management and was first described and popularized by Michael Porter in his 1985 best-seller, Competitive Advantage Value chain analysis is a strategic analytical and decision-support tool that highlights the bases where businesses can create value for their customers. The frameworkRead MorePorter s Value Chain Of The Petroleum Sector1338 Words   |  6 PagesPorter’s Value Chain in the Petroleum Sector A value chain is a full range of activities, including design, production, marketing and distribution that businesses go through to bring a product or service from conception to delivery. The value chain analysis was popularized by Michael Porter in 1985. Porter investigated the sequence of activities that are required to bring a product or service from concept through different stages of production, distribution, and to the final customer. Porter wroteRead MorePorters Five Forces Value Chain1396 Words   |  6 PagesDay #2 Porter’s Strategic Models: The Five forces and the Value Chain CIS Department Professor Duane Truex III The Information Systems Strategy Triangle Business Strategy Organizational Design Strategy ICT/Information Strategy Professor Truex E-CommercePrinciples 1 HOW CAN INFORMATION RESOURCES BE USED STRATEGICALLY? Professor Truex E-CommercePrinciples Aligning IS/ICT strategy (Infrastructures) with business strategy †¢ Using multiple approaches to evaluating

Adjustment Disorder With Mixed Anxiety And Depressed Mood...

Adjustment Disorder is a psychiatric setting that is consists of different subcategories. In a category where anxiety and depressed mood is involved, different treatments are given depending from person to person. In this particular research, the main focus is the Adjustment Disorder with Mixed Anxiety and Depressed Mood. Symptoms, treatments, etiology, and prognosis will be tackling in this research paper. Because this research is a personal experience of a loved one, some information is pertaining to that person to help readers understand his experience. That being stated, the specific stressor for this disorder was a work injury that was neglected by the authorize people under Worker’s Compensation. Symptoms of this particular disorder are very apparent and needing monitoring and support as it could lead to a completed suicide. Adjustment Disorder with Anxiety and Depressed Mood The adjustment disorder is a diagnostic category characterized by an emotional response to a stressful event. It is a state of subjective distress and emotional disturbance, which arises during the course of adapting to stresses of significant life changes, stressful life events, serious physical illness, or the possibility of serious illness (Patra Sarkar, 2013). In a busy work place, chances are, there will be accidents that can occur. To the employer, and the worker’s compensation, they might not realize that an employee’s injury can lead from a mild to a severe disorder. My husband had aShow MoreRelatedClient Demographics, History, And Presenting Problem1488 Words   |  6 PagesFinal Case Conceptualization Client Demographics, History, and Presenting Problem D.D. is a 50-year-old, African American male presenting with a number of anxiety and depressive symptoms. The client reports that he came to counseling for â€Å"extra support and someone to talk to.† D.D. has been struggling with mental health issues since he was young. Since the age of 15 he has been hospitalized on and off for â€Å"hearing voices.† In the early 1980’s he was diagnosed with schizophrenia and prescribed RisperdalRead MoreClient Is A Person For Counseling And Possible Community Resources Referrals1649 Words   |  7 Pagesreferred to as adjustment disorder. The differential diagnosis of this client is Adjustment disorder with mixed anxiety and depressed mood. The emotional and behavioral symptoms began after client’s mother passed away. The symptoms were initially worse right after the death and have only improved slightly. This client was not ready to seek services until recently, when she realized that she is not feeling that much bet ter despite the passing of time. The client is reporting a depressed mood, worry, difficultyRead MoreBecks Depression Case Study1042 Words   |  5 Pagesduring the last 6 to 7 months; she has started feeling more depressed. The Beck’s Depression Inventory-II indicates that she is having a low server level of depression. According to the DSM 5, her symptoms and duration indicates she is having Persistent Depressive Disorder (Dysthymia). According to the same diagnostic criteria, she also has the symptoms of anxiety for the last six months. Even though there are Obsessive compulsive symptoms, anxiety in social situations, there is no enough information suchRead MoreEffects Of Depression On Individuals With An Acquired Brain Injury ( Abi )1458 Words   |  6 Pagesneed to see if there is a need for early intervention and if early use of CBT and/or MBCT can improve the successful psychosocial adjustment outcomes of this population. Acquired brain injury (ABI) is an injury to the brain that occurs after birth and leads to deterioration of cognitive, physical, emotional, or independent functioning. There are many brain-related disorders, including traumatic brain injury (TBI), stroke, epilepsy and brain tumours. Brain injury, whatever the cause, may result inRead MoreType A Behavior And Stress, Adjustment Disorders, General Principles Of Coping And Techniques2288 Words   |  10 Pages BA PSYCHOLOGY HONOURS Health Psychology Type A behavior and stress, Adjustment disorders, General principles of coping and techniques of coping Bhavana Kumarswamy 11/30/2014 â€Æ' Type A Behavior Pattern The concept of stress was first introduced by HansRead MoreBipolar Disorder, Light, And Darkness2064 Words   |  9 PagesBipolar Disorder, Light, and Darkness Bipolar disorder is a complex physiological and psychological disorder that can influence and manipulate a person’s thoughts and actions in their daily life. Society seems to hold a double standard when it comes to those suffering with bipolar disorder. Actor Robin Williams committed suicide this past summer, the public had a very strong reaction. People couldn’t imagine that one of the world’s greatest comics had been defeated by his own private demons. WilliamsRead MoreDepression: Symptoms, Types, and Treatments Essay1956 Words   |  8 PagesDepression is an equal opportunity disorder, it can affect any group of people with any background, race, gender, or age. Depression is a sneak thief that slips quietly and gradually into people’s lives - robbing them of their time, and their focus. At first, depression may be undetectable, but in the long run a person could become so weighed down that their life may feel empty and meaningless. Contrary to popula r belief, not everyone who commits suicide is depressed, but majority of people who commitsRead MoreA Common Misconception Regarding Bipolar Disorders Essay1994 Words   |  8 Pagesregarding bipolar disorders is that every individual that is diagnosed experiences the same symptoms. Bipolar (and related) disorders can be similar in that they all invoke a form of lability in an individual’s mood, but the differences in frequency, duration, and intensity are unique to the individual. In order to fully understand the diagnosis of bipolar I disorder, it is important to recognize the complete spectrum. The distinct types of bipolar and related disorders are bipolar I disorder, bipolar IIRead MoreThe Applicability of Resiliency Models in Explaining the Prediction of Depressive Symptoms From Rumination1597 Words   |  7 PagesWatkins, 2004; Lyubomirsky Nolen-Hoeksema, 1993, 1995; Lyubomirsky et al., 1998; Lyubomirsky et al., 1999). First, it has been suggested that rumination en hances negative cognitive biases in information processing, resulting in sustained negative mood states (Lavender Watkins, 2004; Lyubomirsky Nolen-Hoeksema, 1995; Lyubomirsky et al., 1998; Lyubomirsky et al., 1999; McFarland Buehler, 1998; Rimes Watkins, 2005). Second, rumination impairs effective problem-solving, leaving individuals fixatedRead MoreStress at Work3394 Words   |  14 Pagesultimately an exhaustion of all reserves and energies and even frank depression (Julia Von Onciul, 1996). . |Symptoms of exhaustion stage-- | |Emotional disorders | | | |* Depression

Guidelines for improving self concept Free Essays

Self Concept Interpersonal Communication Abstract How do you view yourself? How do you think others view you? These questions are central to the idea of self- concept how you perceive yourself and how you believe others perceive you impacts your thoughts and ideas your actions and reactions. Your-self concept developed over years through your social interactions with your fellow man. It is what you believe to be your strength and weaknesses. We will write a custom essay sample on Guidelines for improving self concept or any similar topic only for you Order Now Years of self- evaluation and comparisons to your peers helped to paint the internal picture you feel describe your best. Unfortunately, some people struggle because they lack a healthy understanding of who they are. They focus on their weakness and shortcomings, projecting a negative image upon themselves they believe is seen by others, luckily, the self-concept cab be changed for the better, although improving it will not happen overnight. It involves changing how you view yourself and that requires thinking and behaving differently. Consistently taking the following steps that will put you on the path to building a healthy self-concept. Discussion I can recall a time when I was 16 years old. I finally became a candidate to participate n the cadet academy in Jamaica. This was a very well known academy, and gave young men an opportunity to acquire the basic training to become a part of the Jamaican Police Force. Law enforcement has always intrigued me, and I knew one day I would become a part of fighting crime. The spaces were very limited, and only the best were accepted in to this program. I finally making the cut was really a success. When my parents came home from work that day, I was delighted to tell them the good news. I was full of energy as I explained to them I would finally be able to pursue my passion as a cop. They applauded me for being accepted but then their face changed, and I was not prepared for what happened next. They told me I should not Join the program. They told me the crime rate in our neighborhood city of Kingston, Jamaica was very high, and that the civilians were killing police officers left and right. They said they wanted to see me be successful in life and pursue what I wanted, but now was not the time to do so. Therefore, because I respect my parents, I rationalized their thoughts with my thoughts and came to the decision that I would not go through with the cadet training. It was very hurtful but I did not want to sober my parents, nor did I want to risk my life at such a young age. It was a very hard decision to make, but I did it with hopes on possibly going to college and pursuing it in another aspect like maybe becoming an attorney. The guidelines for improving self-concept are some very good values with making life decisions. The first one says that I should â€Å"Make a commitment to Personal Growth† (wood, 2013, p. 53). If I had applied this concept, I would have gone ahead and went with my dream of becoming a cadet officer, knowing that there is â€Å"tension that accompanies personal growth† (Wood J. 13, p. 53). If I would have used â€Å"Knowledge to support my personal growth † I would have checked the statistics myself to see exactly how bad the crime was at the time, and also find out how many officers had been killed. If I would have â€Å"Set goals that were realistic and Fair† (Woodward, p. 55). I wouldn†™t have had any doubts in my mind that this was the proper move for me at the time, because it was very realistic to me And If I had â€Å"Sought of Contexts that support personal change†, I would have surrounding myself with people who were pro-law enforcement and who believed in my dream. According to Wood (2013)†Think about people whose appraisals of you will help you move toward changes you desire. † Conclusion The most important thing I learned about this paper is no to settle of something when it comes to your dream in life. Just because people do not see the same things as you, does not mean it is the wrong decision. It is important to be careful who you share your goals with, and trust your own decisions. In addition, surrounding yourself with like-minded people will help you to reach where you want to be in life References Wood, J. (2013). Interpersonal Communication. Boston, MA 02210. Headwords Change Learning. How to cite Guidelines for improving self concept, Papers