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In the firm or industry have one particular Value chain model which have two activities primary and secondary
Primary activities are:- Inbound logistics -> operation -> outbound logistics -> sales/marketing -> services
Secondary activities are:- Infrastructure, human resource management information technology and Procurement
By - Merajul husain
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∙ 14y ago
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What is 'value of a firm'?
The 'value of a firm' is connected with profit maximization. It is the present value of the firm's current profit and the future profit. It determines the value accurately.
The representative firm in a purely competitive industry?
will
Distinguish between industry demand and firm demand?
Industry demand is subject to genera economic conditions. Firm demand is determined by economic conditions and competition
What is External context for strategy and firm performance?
In order to understand the threats and opportunities facing an organization, you need a thorough understanding of its external context, including not only its industry, but the larger environment in which it operates. The proper analysis of the external context, together with the firm-level analysis you learned in Chapter 3 (e.g., VRINE, value-chain), allow you to complete a rigorous analysis of a firm and its options. You could say that with these tools you can now perform a thorough and systematic (rather than intuitive) SWOT analysis; that is, an assessment of a firm's strengths, weaknesses, opportunities, and threats.
Distiguish between a firm and the industry?
A firm generally thought of as one company. An industry is a generalization for the type of business in which a company engages. For example, General Motors is a company that builds cars. Automobile manufacturing is the industry.
You work at a business headquarters for a chain of movie theaters. Describe this firm's information value chain?
www.faqsabout.org/
Indian retail industry value chain?
VALUE CHAIN IS BASICALLY STARTING FROM PROD'N TO REACHING THE OFFERING GOODS TO THE END CONSUMER .
Distinguish between a firm and an industry?
A firm is an entity where as an industry is a group of firms.
What percentage of the us GDP is from finance industry?
See http://www.bea.gov/industry/gdpbyind_data.htm . In 2007, 20.7% of total value added to GDP came from the finance/insurance/real estate industry. Value added (for a firm) is defined as Just replace "firm" with "industry" in the above definition. See also http://www.bea.gov/industry/gpotables/gpo_action.cfm?anon=75420&table_id=22072&format_type=0 - David Dubofsky
What are the strategic options for remedying a cost disadvantage?
1. Value chain analysis and benchmarking can reveal a great deal about a firm's cost competitiveness.-2. There are three main areas in a company's overall value chain where important differences in the costs of competing firms can occur: a company's own activity segments, suppliers' part of the industry value chain, and the forward channel portion of the industry chain.-3. When the source of a firm's cost disadvantage is internal, managers can use any of the following eight strategic approaches to restore cost parity:Implement the use of best practices throughout the company, particularly for high-cost activitiesTry to eliminate some cost-producing activities altogether by revamping the value chainRelocate high-cost activities to geographic areas where they can be performed more cheaplySearch out activities that can be outsourced from vendors or performed by contractors more cheaply than they can be done internallyInvest in productivity-enhancing, cost-saving technological improvementsInnovate around the troublesome cost componentsSimplify the product design so that it can be manufactured or assembled quickly and more economicallyTry to make up the internal cost disadvantage by achieving savings in the other two parts of the value chain system.-4. If a firm finds that it has a cost disadvantage stemming from costs in the supplier or forward channel portions of the industry value chain, then the task of reducing its costs to levels more in line with competitors usually has to extend beyond the firm's own in-house operations.
What is the difference between firm and industry?
An industry is a type of business in the economy while a firm is a unit or entity carrying a portion of the business in an economy.
What is 'value of a firm'?
The 'value of a firm' is connected with profit maximization. It is the present value of the firm's current profit and the future profit. It determines the value accurately.
What is a firm's value?
The 'value of a firm' is connected with profit maximization. It is the present value of the firm's current profit and the future profit. It determines the value accurately.
Difference between firm and industry?
a firm is a business unit that operates under a single management. while industry is a group of firm that produce similar products for the same market.
Which Product Support Boundary advocates partnerships with the commercial sector to create value through a flexible supply chain?
Industry and Innovation
The representative firm in a purely competitive industry?
will
Distinguish between industry demand and firm demand?
Industry demand is subject to genera economic conditions. Firm demand is determined by economic conditions and competition
