ADMS 3960 Lecture Notes - Lecture 18: Information System, Offshoring, Product Lifecycle

• School: York University
• Department: Administrative Studies
• Course: ADMS 3960
• Professor: Leigh Lampert

Document Summary

How the company will design, make, move, and sell products; How it will find efficiencies in doing so. How it will coordinate the decisions in one part of the business with those made in other parts. Firms outperform rivals when they offer more value to customers, relative to price, than rivals do. The set of linked value-creating activities the company performs to design, produce, market, distribute and support a product. Comprised of primary activities and support activities. Primary activities: core business functions (e. g. design, marketing, etc. ) to create and deliver the product. Support activities (e. g. hr, firm infrastructure, etc. ) aid those engaged in primary activities. Fir(cid:373)"s profita(cid:271)ility is a fu(cid:374)(cid:272)tio(cid:374) of (cid:448)alue (cid:272)usto(cid:373)ers see i(cid:374) produ(cid:272)t or ser(cid:448)i(cid:272)e relati(cid:448)e to corresponding costs. Competitiveness determined by how effectively value chain is managed building expertise in reducing costs and/or improving differentiation. 3 things to consider for global structure and strategy: Where to source raw materials, parts and components.