class 11 Flashcards
what are enterprise-wide systems?
systems that allow companies to integrate information across operations on a company-wide basis
what is the primary goal of an organization?
to provide value to a stakeholder
what are 5 examples of stakeholders?
customers
suppliers
partners
shareholders
employees
what is a value chain?
a series of activities that an organization performs to transform inputs into outputs in such a way that the value of the input is increased
do companies have many different value chains?
yes
do different organizations in different industries have different value chains?
yes
what are value chain models?
models that highlight specific activities in the business where competitive strategies can be best applied and where the information systems are most likely to have a strategic impact impact
what does does the value chain model view the firm as?
a series pf basic activities that add margin of value to a firms product or services
what are the 2 categories of activities the value chain model has?
primary activities
support activities
what is the porters value chain?
a general-purpose value chain that any company can use to examine all its activities and to see how they are connected
what does porters value chain focus on?
it focuses on the systems rather than the departments or accounting cost types
what are the 2 kind of activities in porters value chain?
primary and support activities
what are the 3 ways the primary and support activities can be divided in porters value chain
direct
indirect
quality assurance
what are direct activities?
activities that create value by themselves
what are indirect activities?
activities that help other activities run smoothly
what are quality assurance activities?
help other activities keep to the required standard
what are primary activities in a value chain?
functional areas within an organization that process inputs and outputs
what are the 5 primary activities?
inbound logistics
operations/ manufacturing
outbound logistics
marketing and sales
customer service