Assessing the Support Activities in the Value Chain Form
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What are the support activities in the value chain analysis?
The primary activities of the value chain include inbound logistics, operation outbound logistics, marketing and sales, and service. Secondary activities or the support activities include firm infrastructure, human resources management, and procurement.
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How do you assess value chain?
Five steps to perform value chain analysis Step 1: Identify all value chain activities. ... Step 2: Calculate the cost of each value chain activity. ... Step 3: Look at what your customers perceive as value. ... Step 4: Review your competitors' value chains. ... Step 5: Decide on a competitive advantage.
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What are the 5 parts of the value chain analysis?
Here's a step-by-step guide to help you conduct a Value Chain Analysis: Step 1: Map your value chain. Identify each primary and support activity involved in your business. ... Step 2: Analyze each activity. ... Step 3: Identify improvement opportunities. ... Step 4: Develop strategic actions. ... Step 5: Implement and monitor changes.
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Which of the following is a support activity of value chain framework?
The correct answer is d. Service. In Porter's Value Chain framework, a support activity refers to an activity that facilitates the primary activities of a business in creating value for its customers. These support activities are essential in enabling the efficient and effective functioning of the entire value chain.
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What are the service activities in the value chain?
Service. The service stage of the value chain describes any activity the company's employees engage in and isn't part of the production, distribution, or marketing phases. These are activities with which the company supports or assists its customers after the completion of a sale.
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What are support activities in value chain?
Value chain support activities do just that, they support the primary activities. The support, or secondary, activity generally plays a role in each primary activity. Such as human resource management, which can play a role in operations, marketing, and sales.
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What are the four support activities in the value chain?
The value chain framework encompasses five primary activities -- inbound operations, operations, outbound logistics, marketing and sales, and service -- and four secondary activities -- procurement and purchasing, human resource management (HRM), technological development and company infrastructure.
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Which of the following is an example of a support activity in the value chain?
The example of a support activity in a firm's value chain is Human Resources(C). Support activities in the value chain framework developed by Michael Porter include procurement, technology development (such as Research and Development), human resource management, and infrastructure.
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