Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Comparing actual performance against a[…]
Read moreCategory: Management
Value chain management
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Value chain management is the[…]
Read moreTaking managerial action to correct deviations or to address inadequate standards (control) (2),”Depending on the problem, a manager could take different corrective actions. A manager must decide whether to take immediate corrective action (=corrective action that addresses problems at once to get performance back on track) or to use basic corrective action (= corrective action that looks at how and why performance deviated before correcting the source of deviation)- Revise the standard: it is possible that the variance was a result of an unrealistic standard. However, when performance does is outside the standard for a while
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Read moreGoals of the value chain,”- Sequence of participants working together as a team, each adding some component of value- The better the collaboration, the better the customer solutions- When value is created
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Read moretypes of control (3),”o Feed forward control. Most desirable type of control. It prevents problems. Taking managerial action before a problem occurs, to it can be prevented rather than having to correct them after any damage. However
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Read moreHow does value chain management benefit businesses?
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Read moreWhat gets controlled (4)
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Read morebusiness model,”is a strategic design for how a company intends to profit from its broad array of strategies, processes
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Read moreFinancial control
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Read morerequirements for successful value chain management (6)
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