Note on the Value Chain A Framework for Analyzing Firm Activities Robert E Kennedy 2010
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1. A Value Chain is a flow of goods, services, or assets (i.e., intermediate inputs and final output) from a supplier to a buyer (from the perspective of the supplier) or the buyer to the supplier (from the perspective of the supplier). 2. Every firm has an internal Value Chain within which it executes its production process. 3. A Value Chain’s value lies in the value added in its production process by the suppliers. 4. Suppliers are important to the internal Value Chain for the
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Title: A Case Study of an Online Book Store: Market Differentiation, Marketing and Strategic Decision Making The note of value chain analysis framework is presented in Kennedy’s paper, Note on the Value Chain A Framework for Analyzing Firm Activities. This paper offers a framework for a systematic and analytical understanding of the value chain of a firm. The key concepts of the framework include firm-level activities, value-adding activities, customers’ demand, supply chain activities, and inter-firm activities. Kennedy describes the
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“The world is full of stories—the stories of life, of success, of failure, of the past, of the present, and of the future. go to the website They are all stories of people and their experiences.” ― Jack London The most important story that is relevant to business is the story of the Value Chain A Framework for Analyzing Firm Activities Robert E Kennedy 2010—the 6-element chart that describes the relationships between various activities and the product. This story is a story of what businesses do to create value for their customers, clients,
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Abstract Note on the Value Chain A Framework for Analyzing Firm Activities Robert E Kennedy 2010 The author argues that a Value Chain Framework can be developed by companies to understand their value production processes and how it affects firm performance. visit site A Value Chain Framework can enable firms to evaluate how their value production processes fit within broader value creation scenarios, as well as how the value chain shapes the broader value creation process for stakeholders. In recent years, there has been significant debate and activity around the idea of
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“The Value Chain is a concept that describes the whole process that a company uses to create its value. A value chain can be broken down into 3 distinct stages: (1) production or output stage, where goods are produced or made into a finished product; (2) distribution stage, where goods reach the final consumer; (3) consumption stage, where the final product is consumed.” (Kennedy & Tushman, 2010: 379) This value chain framework helps to analyze a firm’s activities as follows: 1.
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“The Case” is a 21-page report. It’s the “first case” (the second one is a 5-page case summary). It has a “case strategy” that’s similar to a “concept note” — you need to describe the essentials of your company and how you plan to use its products. I was supposed to write this case for my final project. It has one case scenario (a potential deal) and a series of questions and an in-text comment. (As a side note: one can imagine that a company might
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In 1987, Robert E. Kennedy published “Value Chain Analysis: Principles, Methodologies, and Applications” in Harvard Business Review. This was a pivotal work in the emerging field of Value Chain Analysis. His framework was simple yet profound. It helped define a new analytical tool. It is time to revisit the work again, in this book, in a new context, and to develop and extend it for the 21st Century. I have always been interested in the development of strategic frameworks for organizations. I have written
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The “value chain” is a classic conceptual model developed by Robert E Kennedy in the late 1970s. The value chain is a visual representation of the chain of activities from raw material (often a ‘raw product’) to the ‘final good’ (usually a service or product that is marketed). The concept has gained currency in recent years, and it is now widely recognized that most businesses operate along value chain lines. As a result, a common question raised in the corporate world is: “How can we develop a strong value chain