Get the free Porter's Value Chain Analysis Primary & Secondary Activity

Name: ___Group: ___Support activities Second Year of Secondary Cycle Two ACTIVITY 13ANSWER Keynote: ___EST STUDENT BOOK: Chapter 3, pages 8891 RELATED HANDOUT: Concept review 13HANDOUT FOR EST Ineffective

How to fill out porters value chain analysis

How to fill out porters value chain analysis

1. Start by identifying the primary activities of your organization's value chain, which include inbound logistics, operations, outbound logistics, marketing and sales, and service.
2. For each primary activity, analyze the specific activities and processes involved. This may include tasks such as receiving raw materials, manufacturing products, delivering finished goods, promoting products, and providing after-sales support.
3. Evaluate the cost and value drivers associated with each activity. Cost drivers are factors that increase or decrease the cost of an activity, while value drivers are factors that add value to the final product or service.
4. Identify the support activities that enable the primary activities to function effectively. These support activities include procurement, technology development, human resource management, and infrastructure.
5. Analyze the competitive advantage achieved through each activity. This involves assessing whether the activity allows the organization to differentiate its products or services, achieve cost leadership, or both.
6. Use the information gathered to identify areas of opportunity and improvement within the value chain. This may involve finding ways to reduce costs, enhance efficiency, or add value to the final product or service.
7. Develop strategies and action plans based on the analysis. These strategies may involve optimizing existing activities, outsourcing certain activities, or leveraging technology to improve performance.
8. Implement the strategies and monitor their impact on the overall value chain. Regularly evaluate and adjust the strategies as needed to ensure continued competitiveness.
9. Repeat the analysis periodically to adapt to changes in the business environment and maintain a sustainable competitive advantage.

Who needs porters value chain analysis?

1. Porter's value chain analysis can be beneficial for various individuals and organizations, including:
2. - Business owners and managers who want to identify opportunities for cost reduction and value creation within their organization.
3. - Marketing and sales teams who want to understand the key activities that contribute to competitive advantage and develop targeted strategies for promotion and sales.
4. - Supply chain professionals who want to optimize the flow of goods and services within the organization and identify potential areas for efficiency improvement.
5. - Consultants and analysts who provide strategic advice to businesses and need a structured framework for analyzing the value chain.
6. - Investors and stakeholders who want to assess the competitiveness and sustainability of a business before making investment decisions.
7. - Students and researchers studying business and management concepts, as Porter's value chain analysis is a widely recognized and used framework in the field.

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What is porters value chain analysis?

Porter's value chain analysis is a framework that identifies the activities within an organization that add value to the final product or service.

Who is required to file porters value chain analysis?

There is no specific requirement to file Porter's value chain analysis, but it is often used by businesses as a strategic management tool.

How to fill out porters value chain analysis?

Porter's value chain analysis is filled out by identifying and analyzing each activity in the value chain to determine its contribution to the overall value of the product or service.

What is the purpose of porters value chain analysis?

The purpose of Porter's value chain analysis is to help organizations identify areas where they can improve efficiency, reduce costs, and differentiate themselves from competitors.

What information must be reported on porters value chain analysis?

The information reported on Porter's value chain analysis includes a breakdown of the primary activities and support activities that make up the value chain.