Description
Competency
Assess value chain management.
Student Success Criteria
Scenario
You have just been hired as a Business Process Consultant for Haynes Management Consultants and have been assigned your first major client, an international electronics manufacturer, JBH Electronics. JBH is in the process of revamping their global and domestic operations facilities and need guidance on whether to employ Porter’s Value Chain or Five-Forces Model during the process. You have been assigned the task on creating the Executive Summary for the client playbook that is given to JBH at the project kickoff meeting.
Instructions
The executive summary will contain a synopsis evaluating how an organization can use either Porter’s Value Chain or the Five-Forces Model to strengthen their value chain. This will be your first interaction with the client, and you want to be sure the client understands the organizational value chain management method.
Your executive summary should include:
Introduction to Porter’s Value Chain and Five Forces Model.
An explanation of how JBH Electronics’ can benefit from using Porter’s Value Chain.
An explanation of how JBH Electronics can benefit from Porter’s Five Forces.
Recommendation for the model used to strengthen their value chain management.
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.
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Deliverable 1: Bryce-Kingston Executive Summary
Student's Name
Institutional Affiliation
Course Code
Date
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Introduction to Porter's Value Chain and Five Forces Model
In 1985, Michael E. Porter defined the dimension of value creation in business. His book
Competitive Advantage explained value chain as the collection of integral processes and
interventions executed by an organization to create and advance value for consumers. The book
expounded on the bond between competitive advantage and the value chain analysis process. The
Porter's Value Chain Model acts as a strategic management architecture for understanding the
value chain within a profit and customer-centric business organization. To define a reputable
performance in value creation, the company's competitive position is a fundamental perspective
to consider. The Five Competitive Position Forces were birthed to shape an organization's
strength to assess and evaluate its competitive position and strength. A robust foundation of the
five forces of suppliers' bargaining power, consumer's bargaining power, threats of substitutes,
threats of new entrants, and competitor rivalry are important in shaping a successful Value Chain
Model.
How JBH Electronics can benefit from Porter's Value Chain
JBH is in the process of revamping its domestic and global operations, and the imperative
decision-making on which value addition model to use is necessary. JBH is poised to enjoy a
number of benefits with Porter's Value Chain structure in place. The first benefit is improved
performance and outcome of operations. These operations include converting raw materials into
finished products (Strakova et al., 2021). All inputs are effectively managed and transformed into
outputs, with e-commerce elements taking center stage to add value through branding and
ecstatic packaging.
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With Porter's Value Chain, JBH Electronics will enjoy a revolutionized marketing and
sales performance. Strategies for targeting appropriate consumers and enhancing visibility such
as promotion and advertising are inherently attained through the marketing and sales domain of
the Value Chain. Activities that will help convince customers to buy and interact with the
company products are enhanced through the Value Chain strategy (Palumbo et al., 2020). The
digital and online marketing tools are all available for the company to use and integrate into the
marketing and sales programs.
Another imperative benefit of Chain Value is technical development. The company will
enjoy high-level designs and advanced manufacturing techniques driven by the proliferated
innovations and migration to cloud services. The company products will be designed with
unrivaled technical capabilities, and the specifications will offer the customers a whole new
market experience (Tarver, 202...
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