Introduction In Value Chain Analysis Essay Example

business appears to be at a competitive disadvantage; Determine strategies built around focusing on activities where competitive advantage can be sustained (2008). Because a company’s competitive edge is directly linked to whatever activities are undertaken and the effectiveness and efficiency of those activities.The value chain analysis method will be incremental to evaluating the current strategic plan of Insert company and updating needed areas. An example of one area is in the voice recognition.

By adding the value chain analysis to the strategic plan, issues that have arisen from the flawed software will be recognized and addressed in a timely manner. How will value chain analysis help? As stated previously, the steps involved in value chain analysis involve assessing the problems and determining strategies focusing on activities where the competitive edge can be sustained.In the example represented with voice recognition software the issue of needing either updated or completely different voice recognition software. This same thinking is what will help to improve the entire bottom line at Insert company as well as possible clientele. Conclusion In order to effectively work, the value chain must be constantly evaluated. Although this may seem like a tedious task, it is a necessary step and will be easy to implement once it has been added to the company’s strategic plan.

A value chain analysis is a generalized plan that helps many companies to gain a competitive edge in the marketplace.Insert company will benefit greatly from this implementation not only in their lagging areas of technologies but also in future areas that will be pinpointed by effectively using the value chain model as illustrated by Michael Porter.

References

1. (2008). Strategy: Value Chain Analysis. Retrieved
   

October 12, 2008 from http:// www. tutor2u.net/business/strategy/value_chain_analysis. htm. Product management and value chain analysis. (2008).