Understanding The Dynamics Of The Value Chain

Understanding the Dynamics of the Value Chain

In his book Competitive Advantage, published in 1985, Michael Porter introduced the concept of the value chain, "a systematic way of examining all activities a firm performs and how they interact, (necessary) for analyzing the sources of competitive advantage." Thinking of a firm as a series of horizontal and vertical linkages forced from out of the shadows the silo mentality within which firms operated and to which business schools subscribed. Unfortunately value chain thinking is still not as pervasive as it needs to be and a silo mentality continues to permeate much of contemporary business culture. Moreover there is a dearth of contemporary literature available on value chains to combat the "silo approach" to business management. The purpose of this book is to help fill that void. The book will include material drawn from the literature on change and systems thinking and organizational design. It will offer perspectives on the global economy, and address issues of sustainability, corporate social responsibility and the link between effective value chain management, competitiveness and profitability.

Understanding the Dynamics of the Value Chain

Understanding the Dynamics of New Normal for Supply Chains

This book provides research results and shares experiences in the area of supply chain management. It addresses topics such as risk reduction of lesser marginal profits, disrupted supply chain management, and potential points of business failure. This book explores the “new normal” of the business supply chain. The didactic approach informs global enterprises on how to deal with the most significant issues in the current supply chain management. The book shows an in-depth analysis of post-COVID opportunities and challenges and acts as an initiative for readers to understand the risks, opportunities, and concerns resulting from the pandemic situation and is a key driver for business management among industry professionals and enterprises. Readers will learn new insights and procedures to better manage multitier supply chains, predictability, and estimation of binding capacity. The book details modeling and technology-based customer demand and response management solutions. New techniques, methods, and perspectives dealing with the estimation, acceleration or deceleration, and flexibility of logistics capacity are particularly emphasized throughout the manuscript. Real-world cases dealing with various aspects of the new normal for supply chains are analyzed. The book is useful for industry professionals and enterprise firms in business management to effectively understand risks, opportunities, and concerning the pandemic situation.