Raj: Value Chain and Business proposition Flashcards Preview

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Flashcards in Raj: Value Chain and Business proposition Deck (10)
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1
Q

Where does the value chain start?

A

The value chain starts at looking at the customers needs and ends with the product

2
Q

whats the difference between the supply chain and the value chain

A

the supply chain looks at the logistics of outputting a product to give customer satisfaction
the value chain looks at the activities that add value to a product originating from customer requests and feedback

3
Q

What is porters value chain analysis showing?

A

All the sectors/activities that could be analysed and adapted to improve the performance reducing costs and increasing the margins/value

Made up of a series of primary activities which relate to the manufacture of the product
And a series of support activities that add value to the product or service

4
Q

what are the key concepts of porters value chain?

A

productivity - competitiveness is determined by productivity
microeconomic foundations - productivity depends on improving the microeconomic capabilities of a firm (eg Improving operations, HR etc)

5
Q

why does operational effectiveness and strategic positioning need to be balanced?

A

for example sales teams need to discuss projections with manufacturing teams as sales cant increase if manufacturing cannot

6
Q

what is a SWOT analysis?

A
  • Strength
  • Weakness
  • Opportunity
  • Threat
7
Q

purpose of SWOT analysis?

A

To help decision makers objectively analyse a decision and share ideas

8
Q

What is PESTLE analysis?

A

its used to analyse the threats and opportunities a company may face under different market conditions.
these are:
Political, Economic, Social, Technological, Legal, Environmental

9
Q

What are Porters 5 forces that affect a business?

A

1) Threat of a new entrant
2) Bargaining power of supplier
3) Bargaining power of buyers
4) Threat of substitute products
5) Rivalry among existing firms

10
Q

what is BCG matrix?

A

its a 2x2 matrix that splits relative market share vs market growth into 4 quadrants, where the high market share high market growth is obviously the best one