
A brief summary of the course - objective, core ideas etc.
The concept of the course – value chain analysis. What it is and how one could use it?
The customer research - why it is so important? Why one can't establish a new strategy or improve their value chain without a customer research which is done beforehand?
Qualitative research - basic ideas. All the researches are typically done by special companies, but every manager should understand the basic concept of it.
Quantitative research - the basic ideas. All the researches are typically done by special companies, but every manager should understand the basic concept of it.
Improving a value chain - what value chain can tell us about our position in the market? Who could we use this information for long-term strategic decisions?
People value different products differently. How to learn what they value the most of all? What is the #2?
Different links in the chain make different contribution to the final value. It gives us a possibility to rank them.
A matrix is a very convenient tool to analyze somethings when we have to compare different thing using two parameters. So we use the matrix as well. Using it, we can look at different quadrants of the matrix from different points of view.
We continue analyzing parts of the links of the value chain put to the different quadrants of the matrix.
Value chain analysis approach to developing a business strategy will help students look at their businesses from a different point of view, to see it as a part of a large and complicated ecosystem. You will learn that any business depends a lot on the rest members of the chain when it comes to the final result – a satisfied customer. And even though one particular company typically doesn't cover all the processes the value chain consists of, the top managers of the company should try to do their best to influence the other members as much as possible. Sometimes "influence" means to remove them from the chain, or to create an alliance with them, etc. In the contemporary world every link in the chain must take care of final customer's values - even though it doesn't communicate with the customers directly. This course about how one can analyze the value chain their company consists in and what useful conclusions one can make from this analysis.