Value Chain Analysis and Linkages

These flashcards cover key concepts related to Value Chain Analysis and Linkages as discussed in the lecture.

Value Chain Analysis

A strategic analysis of an organization's value-creating activities.

Inbound Logistics

Activities associated with receiving, storing, and distributing inputs to the product.

Operations

Activities involved in transforming inputs into the final product form.

Outbound Logistics

Collecting, storing, and distributing the product or service to buyers.

Marketing & Sales

Activities that involve inducing buyers to purchase products and services.

Service

Actions associated with providing service to enhance or maintain the value of the product.

Procurement

How a firm purchases inputs used in its value chain.

Technology Development

Involves activities related to research and development, product and process initiatives.

Human Resource Management

Activities involved in recruitment, hiring, training, and compensation of personnel.

General Administration

Planning systems to achieve overall goals and objectives, managing stakeholder relations.

Linkages in a Value Chain

The relationship between how one activity is performed and the cost, performance, or characteristics of another activity.

Resource Based View

A management tool used to determine the strategic resources available to a company.

Resource Heterogeneity

Differences in the resources that firms possess and utilize in their operations.

Resource Immobility

The phenomenon that resources may not move easily from one firm to another.