ABC Microchip Co
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In competitive industries, most of the time, companies must look within, and find ways to reduce the cost of bringing a product from the raw material to finished finished stage, in order to remain competitive in the long run.
The computer microchip Industry, in particular, is very competitive. Whenever a new microchip comes into the marketplace, the makers of "clone" microchips release a clone microchip that is almost as good as the original, but priced considerably lower.
The ABC Microchip Company specializes in developing first-of-its-kind microchips; yet its market share has been hurt by "clone" microchips. The Robbins text outlines 6 requirements for value chain Management. Discuss how you would put these requirements to work at the ABC Microchip company, in order to help it remain competitive in the long run.
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The response addresses the queries posted in 270 words with references.
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The response addresses the queries posted in 647 words with references.
//Before writing about the controlling process followed in an organization, it is significant to first describe the process. In this paper, an example of ABC Microchip has been taken, which operates in computer microchip Industry. I will describe a control process followed in the organization. To begin with, I will focus on the value chain management followed in ABC Microchip. //
Introduction:
Value Chain Management is one of the most progressive and innovative concept adopted by various multi-national companies. The basic underlying principle behind the value chain management is to provide full and perfectly consistent and coherent interaction among all the employees, working in the organization. This will result in high satisfaction of the customers and lower inventories.
Corporate vision is necessary to remain in the long run business. It provides inspiring statements to encourage the employees at some point of time in the future. Vision refers to increase the broad and forward thinking. It is considered as the face of the ...
Education
- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
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