Value Chain as Competitive Advantage

Value Chain as Competitive Advantage

Dealing with and understanding what a Value Chain as Competitive Advantage stands for goes in to great detail and a process. We have to look at things in a manner as if to say we are trying to create a product for someone else. "Transforming of inputs into products is long-linked. First, is the development and refinement of the chain by providing product specifications and volume. Second, simulate the required level of demand for the chains output to ensure stable operations and capacity utilization." Knowing that a business is setup to work for the better of a business there should be a Value Chain set up so that people who invest in the company will know where they will profit from and what the business will do over the years to make sure that they are giving investors, consumers and customers what it is they are expecting to get out of that business. They need to see what the financial level is, what if any part of the business needs to be improved upon or will the value chain that they have only work to help them profit for the first year and then fail the rest of the time. Strategic Management by John Wiley & Son's Ltd Vol. 19 pg. 413.

Review of Concepts

Reviewing the critical concepts when thinking about how the value chain creates competitive advantage, there are different level for which they are to follow, Cost Advantage, Value Advantage and Logistics. These different levels show that a business can't run without going through this type of process. People are a big part of that chain to make sure that whatever is created or made will be evaluated by the people who will be purchasing that product. Businesses also have to consider the amount they will be spending, what people think of that product and the different levels it will take to make that product beneficial to the company.

Value Chain

A value chain gives people an opportunity to work as a group, either in a business or as the customers themselves trying to find a product that they are looking for at a reasonable price. By using a strategic plan or an operational plan to better suit them or the business. The competitiveness of an individual firm depends upon the competitive of the value chain. Meaning if we don't know how to set up a value chain and use it to help with the business we are not looking at what is important and how it will keep the business safe from takeover or even failing in less than a year.

Competitive Advantage

Having a competitive advantage takes a lot of work. You have to know what you are doing. Owning a business such as Wal-Mart it took them some time to get where they are in the world today. They had to find the funding, property, product and have a plan that would give them the profit needed to continue on as one of the top