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Essay / Research Paper Abstract
This 9 page paper looks at a range of strategies and strategic concepts that may be used for applied to different types of businesses during a recession or where a firm wants to cut costs. The concept of values chains is examined as well as the use of off shoring and outsourcing, strategic alliances and the potential of acquisitions or mergers. The bibliography cites 8 sources.
Page Count:
9 pages (~225 words per page)
File: TS14_TEstrtrec.rtf
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Unformatted sample text from the term paper:
multi-product and service companies, all are seeking to find ways of adding value. In order to identify some of the approaches being adopted different concepts can be considered. A
concept that is of importance in creating value is that of the value chain. This is a concept that can be seen as applicable to all businesses. The way that
a firm provides goods or services is part of a supply chain, the way goods move from one stage to the other, the value chain described by Porter (1985) can
be seen as akin to the internal supply chain or transformation processes moving goods from inputs into outputs. Porter divided this into five separate sections; inbound logistics, operations, outbound logistics,
marketing and sales, and service (Porter, 1985). These different activities are also linked by the same support activities, there are four of these, but they can be seen to
be active throughout the entire value chain, they are firm infrastructure, human resource management, technological development and procurement (Porter, 1985). These support activities may relate to more than only one
section of the supply chain, they add costs to the value chain but are necessary; as such they must be seen to actively add value to the product/service being produced
(Porter, 1985). The reduction of cost should not be achieved at the cost of the quality or value that the support services offer. The way in which cost saving
may be seen to be produced within the value chain is by the linkages in the supply chain. In this, the activities of one part of the supply chain can
be seen to effect the activities and costs of another part of the supply chain. An example of this is the mobile phone company Motorola, the production and procurement side
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