About This Chapter
Value Chain Management - Chapter Summary
This chapter will enhance your understanding of value chain management. Compare advantages and disadvantages of the functional structure of an organization and review value chain examples. This chapter will help prepare you for answering test questions on lesson material, such as:
- An organization's functional structure
- Cost, product, niche and sustainable competitive advantages
- Definition and analysis or a value chain
- Value chain management techniques and ethics
Log in using your mobile device to check your progress on your dashboard, or even to take a lesson or two whenever you have a few minutes. You can directly ask the instructor any questions you have. A test at the end of the chapter will show how well you understood the main chapter concepts.
1. Functional Structure of an Organization: Advantages, Disadvantages & Example
A functional organizational structure is one of several reporting structures a company could implement. Read on to learn why a company might implement a functional structure and the advantages and disadvantages for both company and staff.
2. Functional Areas of a Business: Definition & Groups
Many companies organize their employees into functional areas. Read on to learn what a functional area is, why a company might organize into functional areas, and descriptions of some common functional groupings.
3. Types of Competitive Advantage: Cost, Product, Niche & Sustainable Advantages
Companies need that special something to draw in new customers and keep them coming back. Learn about competitive advantage and the different ways a company can have it.
4. What Is a Value Chain? - Definition, Analysis & Example
This lesson discusses what a value chain is and how it can help a business meet the needs of customers. It also provides an analysis of the effectiveness of the value chain actions.
5. Ethics of Value Chain Management Techniques
Today's global economy provides opportunities for value chain optimization, but many techniques may also present an ethical dilemma. This lesson provides an overview of the ethical dilemmas and highlights the key danger areas managers may confront.
Earning College Credit
Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.
Other chapters within the CM Planning & Organizing Exam Study Guide - Certified Manager course
- Strategic Planning in Business
- Business Missions & Goals
- Building Strategy in Business
- Improving Customer Relations
- Improving Quality in Business
- Improving Efficiency in Business
- Improving Innovation in Business
- Project Management Definition & Skills
- Managing Structure & Culture in Business
- Building Teams & Work Groups
- Human Resources & Hiring
- Training & Assessment in an Organization
- Overview of Workplace Pay & Benefits
- Diversity at Work
- Coaching & Feedback in the Workplace
- Career Business Networking
- Mentoring at Work
- Holding Productive Meetings
- CM Planning & Organizing Exam Study Guide - Certified Manager Flashcards