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What is the difference between supply chain management and value chain management?
The ultimate goals are strikingly similar with a few different means to achieve similar ends. Supply chain management focuses on the ways a company obtains supplies needed in order to make and deliver a product or service to the customer maximizing both customer value and competitive edge with basic components using 5 elements- 1. plan, 2. source 3. make, 4. deliver, 5. return Value chain management focuses on integrating time and responsiveness with the goal of maximizing resources and minimizing waste with the goal of minimizing waste, particularly by using ideas such as "Just-In-Time". (sources-referencesforbusines.com&CIO.com) (Clear as mud, right?)
What are the 5 M's of management?
Man,Money,Material,machine & Market these are the 5 M of any organization
5 possible problems if no proper Human Resource Management?
5 possible problem proper human resource managment
What is Company Administration?
5 tenths of you
5 Explain various leadership styles Describe the style of a leader from an organization you are familiar with Why this particular style has been adopted Give reasons Briefly describe the orga?
Leadership styles vary widely, including autocratic, democratic, transformational, transactional, and laissez-faire. For instance, in a tech startup I’m familiar with, the leader employs a transformational style, inspiring employees through a shared vision and fostering innovation. This approach has been adopted to cultivate a creative culture and encourage collaboration, essential for rapid growth and adaptability in a competitive industry. The organization thrives on constant innovation and relies on motivated teams to drive projects forward.
What is the importance of porters 5 forces model in strategic management?
Porter's five forces model is important in strategic management because it shows you the positive outcome of advancing in your career. It also helps you understand the outcome of the competitive position you are currently in.
What is porters five forces model?
1. Supplier's power 2. Threat of subtitute 3. Buyer's power 4. Barrier's to entry 5. Rivalry
How are the porters five forces used in the retail industry?
Porter's 5 Forces of Competition apply to any Competitive Business/Industry, including but not limited to the retail industry. - Threat of a New Competitor - Threat of a substitute (rival) product/service - Buying Power (bargaining power of buyers) - Supplier Reliance (supplier bargaining power) - Intensity of Rivalry - they say competition brings out the best in us. For a detailed explanation of Porter's 5 Forces and free Templates to use for analysis check out the site BusinessBalls.
What are the 5 forces of change?
The five forces of change are social forces, technological forces, economic forces, political forces, and environmental forces. These forces influence and drive change within organizations and society in various ways. Understanding these forces can help organizations adapt and stay competitive in a constantly evolving environment.
Difference between rbv and porter 5 forces?
The RBV looks at the internal environment, in terms of resources and skills the firm has at its disposal, to create a competitive edge, whereas the five forces looks at the external environment .
What is competitive environmental forces influence the firm's strategy?
In strategic planning, firms analyze the competitive environment in order to adapt to or influence the nature of competition. A general rule of thumb about this analysis is: The more power each of these forces has, the less profitable the industry will be. There are five forces: 1. Customers 2. Rival Firms 3. New Entrants 4. Substitutes 5. Suppliers
What are the release dates for Camp Woodward - 2008 Competitive Side 4-5?
Camp Woodward - 2008 Competitive Side 4-5 was released on: USA: 5 March 2011
What are the release dates for Extreme - 1995 Competitive Edge 1-5?
Extreme - 1995 Competitive Edge 1-5 was released on: USA: 23 March 1995
Describe 5 ways in which globalization has affected a business in their effort to create a competitive advantage?
Describe 5 ways in which globalization has affected a business in their effoet to create a competitive advantage.
What are the release dates for On Court with USPTA - 2003 Competitive Drills and Games 5-10?
On Court with USPTA - 2003 Competitive Drills and Games 5-10 was released on: USA: 2009
What 5 competitive sports you play backwords?
basketball volleyball swiming tennis
Five forces driving competition in the South African motor-car industry?
1. Threat of new entrant 2. Threat of substitute products 3. Threat of established rivals or competitive rivalry 4. Bargaining power of buyers 5. Bargaining power of suppliers
