ACG 5637 Chapter Notes - Chapter 6: Value Chain, Strategic Management, Relate
21 Oct 2020
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Chapter 6: understanding the client"s industry and business. All processes have a dual purpose: to advance the objectives of the organization, to minimize the risks of not achieving those objectives. Process failure can be just as harmful to an organization as poor strategic planning. Our goal is to evaluate whether internal execution of plans and activities is mitigating the risks faced by the organization. Value chain analysis is used to organize our examination. The framework describes how the internal structure of the organization creates value for stakeholders by designing processes to carry out the operations and activities of an entity in an effective and controlled manner. Michael porter"s value chain analysis has us separate business processes into. The relative importance of each primary process will depend on the company"s operations and the strategic decisions that management has made concerning the way it will conduct business.
