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bigneville

Calling Anyone In Business...

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Posted

I've got an exam tomorrow for the final year of my degree.

One of the topics is the Value Chain. Anyone fancy explaining how it works in a quick, easy to use guide?

Any help would be gratefully received....

Big Nev

:dunno::dunno:

Posted

I've got an exam tomorrow for the final year of my degree.

One of the topics is the Value Chain. Anyone fancy explaining how it works in a quick, easy to use guide?

Any help would be gratefully received....

Big Nev

:dunno::dunno:

Errm it's not that simple, espeically if you want to pass.

Have you not got a book?

Posted

Errm it's not that simple, espically if you want to pass.

Have you not got a book?

Yeah ive got a book, but i got other areas i need to cover as well.

Just want a basic guideline so i can work from there and do the extra reading....

Posted

It breaks up the basic value adding atrributes of a business.

Primary: like Sales, Logistics, Marketing

Suppourt: like Admin, HR, R&D

The cost and value of each one is worked out individually, it's used in Strategic planning, obviously it's suppouse to optomize Value and minimize cost.

Enjoy.

Posted

Cool, cheers Manwell....

Thats the sort of thing i was looking for.

I know about the 5 main primary activities, and the 4 support activities...

Just gotta apply to a case study for the exam.

About New Zealand winery's....fun...

:cool:

Posted

i assume you mean Porter's Value Chain.

just remember the diagram in the link below and you're away. it's pretty basic, really, so nothing to worry about.

Porter's Value Chain

Not really, I think learning what the theory behind the diagram and why the diagram exists in the first place might be worth remembering as well!

I take it it's degree level Nev?

Posted

Not really, I think learning why what the theory does and why the diagram exists in the first place might be worth remembering as well!

I take it it's degree level Nev?

Yeah mate...

Final year...

It's more about understanding its theory and applying to a case study for the exam...

Posted

Yeah mate...

Final year...

It's more about understanding its theory and applying to a case study for the exam...

What you have to write about how you would implement it into the business yourself, or you have to comment and show you understand it based on the companys implemention of the system, using examples etc.

Posted

Not really, I think learning what the theory behind the diagram and why the diagram exists in the first place might be worth remembering as well!

I take it it's degree level Nev?

what i mean is, given he's pushed for time, the diagram is a lot easier to remember than a load of dry theory. and you can use intuition and knowledge already gained to expand on it.

that served me alright when i covered this sort of crap stuff

Posted

what i mean is, given he's pushed for time, the diagram is a lot easier to remember than a load of dry theory. and you can use intuition and knowledge already gained to expand on it.

that served me alright when i covered this sort of crap stuff

Problem with business is some people find it easy to apply common sense to it. Others find it impossible.

Posted

What you have to write about how you would implement it into the business yourself, or you have to comment and show you understand it based on the companys implemention of the system, using examples etc.

Show that i can understand how its been used with examples mate...

Posted

Problem with business is some people find it easy to apply common sense to it. Others find it impossible.

I know the case study quite well, so im hoping with common sense and a bit of theory knowledge, that im on the slow train to good mark street.....

Posted

I know the case study quite well, so im hoping with common sense and a bit of theory knowledge, that im on the slow train to good mark street.....

I'd get off here and start working then if I were you :P

Posted

I'd get off here and start working then if I were you :P

Dont worry i am revising at the same time. I can reach the mouse and keyboard from my bed if i want. So im working but clicking refresh to see if any replies on here...

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