Executive Summary including Porter’s Value Chain **OR** the Five-Forces Model
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.
- Provide attribution for credible sources.
PLEASE READ ATTACHMENTS FOR FURTHER INSTRUCTIONS AND GRADING RUBRIC.
ALSO, APA FORMAT PLEASE!
Answer preview
The value chain model explains a range of activities adding value to an organization. Michael porters have categorized the activities into primary activities and support activities (Porter, 1985). The first of the primary value-adding activities involves the inbound logistics concerned with the movement and storage of the organization’s goods. Other primary activities include outbound logistics, operations, services, and sales and marketing efforts. In the primary activities, the organization either seeks to achieve cost leadership or differentiation to achieve a competitive advantage. On the other hand, support activities include research and development, human resource management, administration, and procurement. The value chain model’s main concern is defining the cost and value drivers (McPhee, & Wheeler, 2006).
675 words