PHIL 100 Lecture Notes - Lecture 6: Value Chain

• School: University of Maryland
• Department: Philosophy
• Course: PHIL 100
• Professor: danmoller

Document Summary

Value chain activities that an organization conducts to support the creation of business value. Support include administration, technology development, human resource (hr) management, and procurement. An organization"s value chain is the sum of its primary and support activities working together to create business value. The value chain is another way to view the organization as a system (inputs processes outputs). The value chain is also a useful tool for defining an organization"s core competencies and the activities it can pursue to gain a sustained competitive advantage. That add a margin of value to a firm"s products or services. Activities in the creation of product or service. Each of these activities adds value to final product. Operations transformation of inputs to finished goods. Outbound logistics storing products and delivering them. Use this model to identify potential areas where it can be used to gain a competitive advantage. Over time, profitability is determined by industry structure (which.