You can address any of these questions (or any of the review questions on pg. 124):
What are the six Ss?
Must contain scholarly citation and references.
Value chain
A value chain is a stream of sequential activities that add worth to the final product. The range of activities conducted should provide a product or service that the customer finds useful. These activities can include design, production, marketing, servicing or distribution. A value chain allows a business to identify each steps throughout the productions process. Each step within the value chain is meant to enhance the product or service, which is how the overall “chain” is created.
An example given in the book for eliminating steps is Ryanair airlines. They do not provide certain amenities that other flights do which allows them to in turn cut costs for purchasing food, paying for inventory or staff passing out and cleaning up messes, or even giving away blankets and pillows. This allows airlines to lower their flight costs and gives them an advantage over their competitors for those that do not mind loosing amenities. Another is how Panasonic does not care to be the leader in new and innovative technologies like their competitor Sony. Instead they follow suit when Sony comes out with new rising technologies which cuts the advertisement costs for Panasonic. This also allows them the safeguard of seeing a launch and determining whether the new technology is worth while to spend on.
Value chain is important to corporate strategy since it allows companies to determine which steps are crucial, which need improvement or which need/can be eliminated. Results from evaluating the process allow the product to be made more efficiently which in turn allows customer to purchase a higher quality product at a lower cost. Value chains help companies to save money where it makes sense which overall helps them increase their profit, which in business is never a bad thing.
Dyer, J., Godfrey, P., Jensen, R. & Bryce, D. (2016). Strategic management: concepts and tools for creating real world strategy. Hoboken, NJ: John Wiley & Sons, Inc.
A post response is required for this part.
Relative Cost
When looking at the key term relative cost and basing my thoughts off the example being used in the textbook of General Motors I think back to the company I work for. We are a large oilfield services provider and we compete globally against other companies. There is a constant need for use to review our costs such as sourcing, manufacturing, inventory costs, logistics and so on. All of these tie back into our relative cost to produce and deliver our equipment. One of the areas that comes into play is when we are competing against a foreign firm who can likely produce the end item cheaper than we can based on labor alone. It is very expensive to be a manufacturer on the US. Example is we purchase raw material (steel) from overseas producers. The tariffs that are now in place really take a bite out of our costs that other producers would not have added if they are manufacturing elsewhere. Where we can make up the difference is in volume and our ability to source elsewhere and even produce from other countries. We also have a vast logistics network that can take advantage of more cost friendly shipping lanes. All that said to say that we can still find ourselves out priced on the relative cost on the same type of equipment that a competitor can produce mostly due to regional benefits they can enjoy. Even though we may have a better product the players on the side of the business producing the wells are always look to save their cash.
A post response is required for this part.
Sample Solution
A social equity pioneer, a ladies’ privileges lobbyist, a social equality pioneer, she did everything. Dorothy Height was a gigantic supporter of every one of these causes and developments, she was the explanation that the Young Women’s Christian Association was completely incorporated at all areas in 1946. (Dorothy Height Biography) She was additionally working with Eleanor Roosevelt to join numerous individuals of various races and convictions to “exhibit our longing for harmony and universal equity.” (Height, Dorothy) Dorothy Height was a significant figure in the social equality development in light of her work with the National Council of Negro Women, (NCNW), the Young Women’s Christian Association, (YWCA), just as her inclusion in numerous different causes. Dorothy Height being the ladies’ dissident that she was turned into the pioneer of the of the NCNW in the 1950’s. (Stature, Dorothy) Through the NCNW she concentrated on hostile to lynching efforts and reproducing the criminal equity framework. Stature likewise was a piece of numerous enemy of lynching efforts beginning in secondary school, halting lynching was one of her principle centers. She likewise settled its inside for racial equity, which was her activity attempting to wipe out prejudice broadly. As a negro ladies and she made some harder memories as a result of her sex too. Dorothy Height put all her free energy into these causes yet she had numerous weaknesses, for example, her sex and shading. (Itkowitz, Colby) But “in spite of the clear sexual orientation segregation in the social liberties development, Height kept chipping away at the cutting edges.” (Norwood, Arlisha) Dorothy Height accepted that all spots ought to be coordinated. So she began by completely incorporating all YWCA offices across the country. (Tallness, Dorothy) She accepted that since it was an association for Christian ladies that all ladies ought to be permitted to work and go to these spots without being isolated. Stature likewise monetarily supported numerous social liberties laborers and she upheld voter enlistment on the south.(Norwood, Arlisha) Dorothy Height additionally helped the NCNW get awards to give professional preparing and it helped ladies in starting organizations. Dorothy endeavored to support ladies and individuals working in the most ideal manner she could by giving numerous assets to them. Dorothy Height ventured to communicate her assessments and considerations on numerous issues or issues. Dorothy Height taught adolescents on AIDS and high schooler pregnancy and how it could be forestalled. (Tallness, Dorothy) Dorothy Height additionally advanced dark family esteems and showed them how to live and turning out to be more independent.(Dorothy Height) Height put stock in imparting her insight on numerous issues and communicating what she figured was correct and what wasn’t. Dorothy Height was known for her work up until she kicked the bucket as a social liberties laborer and a ladies’ privileges extremist just as her work with numerous different associations and causes. Stature worked with Eleanor Roosevelt in endeavor to make everybody equivalent which despite everything stands today as there is no more isolation. Stature’s work with Dr. Martin Luther King Jr., and being there on the phase when he talked his ” I Have A Dream” discourse places her work in context that she was significant in the social equality development and how she functioned with numerous notable individuals. Stature being a piece of the social liberties development and her work with the NCNW and the YWCA gave her the heritage of how we know her today. We knew her as a dedicated individual who didn’t stop at whatever held her up. Tallness’ work gave numerous individuals an open door that they wouldn’t have had the option to have if not for Dorothy Height. Dorothy Height changed lives and she was the devoted woman that we recollect her today as.>
A social equity pioneer, a ladies’ privileges lobbyist, a social equality pioneer, she did everything. Dorothy Height was a gigantic supporter of every one of these causes and developments, she was the explanation that the Young Women’s Christian Association was completely incorporated at all areas in 1946. (Dorothy Height Biography) She was additionally working with Eleanor Roosevelt to join numerous individuals of various races and convictions to “exhibit our longing for harmony and universal equity.” (Height, Dorothy) Dorothy Height was a significant figure in the social equality development in light of her work with the National Council of Negro Women, (NCNW), the Young Women’s Christian Association, (YWCA), just as her inclusion in numerous different causes. Dorothy Height being the ladies’ dissident that she was turned into the pioneer of the of the NCNW in the 1950’s. (Stature, Dorothy) Through the NCNW she concentrated on hostile to lynching efforts and reproducing the criminal equity framework. Stature likewise was a piece of numerous enemy of lynching efforts beginning in secondary school, halting lynching was one of her principle centers. She likewise settled its inside for racial equity, which was her activity attempting to wipe out prejudice broadly. As a negro ladies and she made some harder memories as a result of her sex too. Dorothy Height put all her free energy into these causes yet she had numerous weaknesses, for example, her sex and shading. (Itkowitz, Colby) But “in spite of the clear sexual orientation segregation in the social liberties development, Height kept chipping away at the cutting edges.” (Norwood, Arlisha) Dorothy Height accepted that all spots ought to be coordinated. So she began by completely incorporating all YWCA offices across the country. (Tallness, Dorothy) She accepted that since it was an association for Christian ladies that all ladies ought to be permitted to work and go to these spots without being isolated. Stature likewise monetarily supported numerous social liberties laborers and she upheld voter enlistment on the south.(Norwood, Arlisha) Dorothy Height additionally helped the NCNW get awards to give professional preparing and it helped ladies in starting organizations. Dorothy endeavored to support ladies and individuals working in the most ideal manner she could by giving numerous assets to them. Dorothy Height ventured to communicate her assessments and considerations on numerous issues or issues. Dorothy Height taught adolescents on AIDS and high schooler pregnancy and how it could be forestalled. (Tallness, Dorothy) Dorothy Height additionally advanced dark family esteems and showed them how to live and turning out to be more independent.(Dorothy Height) Height put stock in imparting her insight on numerous issues and communicating what she figured was correct and what wasn’t. Dorothy Height was known for her work up until she kicked the bucket as a social liberties laborer and a ladies’ privileges extremist just as her work with numerous different associations and causes. Stature worked with Eleanor Roosevelt in endeavor to make everybody equivalent which despite everything stands today as there is no more isolation. Stature’s work with Dr. Martin Luther King Jr., and being there on the phase when he talked his ” I Have A Dream” discourse places her work in context that she was significant in the social equality development and how she functioned with numerous notable individuals. Stature being a piece of the social liberties development and her work with the NCNW and the YWCA gave her the heritage of how we know her today. We knew her as a dedicated individual who didn’t stop at whatever held her up. Tallness’ work gave numerous individuals an open door that they wouldn’t have had the option to have if not for Dorothy Height. Dorothy Height changed lives and she was the devoted woman that we recollect her today as.>
