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The purpose of an organizational value chain is to demonstrate how the activities contribute to costs an organization's fixed costs are relatively high then the strategic focus is on: Maximizing throughput have to have both operational effectiveness and strategy in order to "win" in the long term There are 3 different positions 1. Variety: offering everything needed for a target (Jiffy Lube) 2. Needs: providing what is demanded 3. Access: making it accessible figure out generic strategy before position, because it will help you get to end goal faster.
The purpose of an organizational value chain is to demonstrate how the activities contribute to costs an organization's fixed costs are relatively high then the strategic focus is on: Maximizing throughput have to have both operational effectiveness and strategy in order to "win" in the long term There are 3 different positions 1. Variety: offering everything needed for a target (Jiffy Lube) 2. Needs: providing what is demanded 3. Access: making it accessible figure out generic strategy before position, because it will help you get to end goal faster.
The purpose of an organizational value chain is to demonstrate how the activities contribute to costs an organization's fixed costs are relatively high then the strategic focus is on: Maximizing throughput have to have both operational effectiveness and strategy in order to "win" in the long term There are 3 different positions 1. Variety: offering everything needed for a target (Jiffy Lube) 2. Needs: providing what is demanded 3. Access: making it accessible figure out generic strategy before position, because it will help you get to end goal faster.
Practice Quiz Q&A: One of the ways in which a general manager creates value for the organization is by Identifying emerging opportunities for the organization Collectively, the vision mission and values of an organization are intended to Inspire the org and provide direction on how to achieve its goals Key activities for firms that compete on the basis for cost would include Supplier relationships and logistics 15% return on investment and a reduction in reflection rates are examples of Hard goals Strategic tension refers to the constraints that exist between what an organization: Should do and what it can do The strategy environment linkage aligns: Strategic opportunities and challenges with external forces New entrants forced to enter an industry at a larger scale than they would have preferred are facing barriers as Economies of scale The purpose of an organizational value chain is to demonstrate How the activities contribute to costs An organizations value proposition is based on Customer appeal and competitive differentiation If an organizations fixed costs are relatively high then the strategic focus is on: Maximizing throughput
Have to have both operational effectiveness and strategy in order to win in
the long term
Generic Strategy: Low Cost
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Cost leadership being able to offer a product at a lower cost than
competitors (having a better cost structure in order to offer a similar product/service for a better price)
Generic Strategy: Focus
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Product or service focussed on the need of a particular buyer group, segment,
or geographic market Built around serving a particular market VERY WELL either more effectively (differentiation) or efficiently (cost leadership)
There are 3 different positions
1. Variety: offering everything needed for a target (Jiffy Lube) 2. Needs: providing what is demanded 3. Access: making it accessible Figure out generic strategy before position, because it will help to get to end goal faster as you can figure out if current objectives are meeting strategy