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Value chain analysis is used in strategic management

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Discuss how value chain analysis is used in strategic management. Use specific examples.

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The expert discusses how value chain analysis is used in strategic management. Specific examples are provided.

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The value chain consists of a series of activities that bring value to the organization and its customers or associates. Receiving raw materials, production of final product/service, sale of goods or services and serving the customer are the typical steps in the value chain. The value chain is supported by management, technology, human resources and supply chain activities.

Strategic management focuses on managing an organization's assets, such as human capital, technology and other available resources, in a manner that is more efficient and productive, to optimize the potential for profit or to provide top notch services and products.

In developing a management strategy, an organization may consider how raw materials or resources are stored, to allow easier access or faster access to ...

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Beatrice Martino, MEd
Education
  • MEd, Jones International University
  • BSc, DeVry University
  • MPH, Walden University
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