Three primary steps in performing value chain analysis
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(1) identify the value chain activities, (2) evaluate their value-creating
properties and cost characteristics, and (3) identify improvements that
allow the company to capture greater value.
occurs when some other party appreciates something that we do and is willing to
execute a profitable transaction with us as as result
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value creation
, In value chain analysis, what are the 5 questions in the 3rd step or identifying
improvements that allow the company to capture greater value.
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(a) Can we increase benefits while holding costs constant?
(b) Can we hold benefits constant while reducing costs?
(c) Could we reduce assets required for this activity, while holding both
benefits and costs constant?
(d) Would a further investment in assets improve the company's ability to
either create benefits or reduce costs?
(e) Can we expand the scale or scope of our activities to a broader
audience without sacrificing benefits or costs to our current sets of
stakeholders?
Characteristics of the company
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strengths and weaknesses
3 ways to create value
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provide greater benefits for the same price, provide the same benefits for
lower price, and provide greater benefits at an incremental price smaller
than the gain in benefits
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(1) identify the value chain activities, (2) evaluate their value-creating
properties and cost characteristics, and (3) identify improvements that
allow the company to capture greater value.
occurs when some other party appreciates something that we do and is willing to
execute a profitable transaction with us as as result
Give this one a try later!
value creation
, In value chain analysis, what are the 5 questions in the 3rd step or identifying
improvements that allow the company to capture greater value.
Give this one a try later!
(a) Can we increase benefits while holding costs constant?
(b) Can we hold benefits constant while reducing costs?
(c) Could we reduce assets required for this activity, while holding both
benefits and costs constant?
(d) Would a further investment in assets improve the company's ability to
either create benefits or reduce costs?
(e) Can we expand the scale or scope of our activities to a broader
audience without sacrificing benefits or costs to our current sets of
stakeholders?
Characteristics of the company
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strengths and weaknesses
3 ways to create value
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provide greater benefits for the same price, provide the same benefits for
lower price, and provide greater benefits at an incremental price smaller
than the gain in benefits
