Exam1 - FC4

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Companies Internal Analysis
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In the old days, it followed functional lines, with strengths and weaknesses related to finance, accounting, marketing, production, etc. Exist because they create value for their customers in a variety of ways; customers are unable to replicate those value propositions on their own.
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Value Chain Value Creation
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We should base our analysis of the company strategy on ____. Disaggregates a firm into its strategically relevant activities.
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Primary Activities Sustainable Competitive Advantage
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All firms perform a particular set of functions even if they don’t do it well, and each function represents a potential source of ____. Inputs, production process, and outputs.
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1. Procurement 2. Technologic al development/ 3. Human resource management 1. Inbound logistics 2. Operations/ Production 3. Outbound logistics
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4. Firm infrastructure/ top management 4. Marketing and sales 5. Service
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Primary activities in Porter’s value chain: Support activities in Porter’s value chain:
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Primary and Support Activities Support Activities
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Activities that happen in the background that’s not directly linked to production; overhead. Can use both to create a sustainable competitive advantage.
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Operations/ Production Inbound Logistics
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things around, getting the raw materials to your place of business (i.e. JIT). The company focuses
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