Term
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Definition
| id's primary activities that create value and the related support activities. |
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Term
| activity based accounting |
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Definition
| assigning the company's operating costs and assets to each individual activity in the chain which provides cost estimates and capital requirements |
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Term
1. competencies, capabilities
2. lowering |
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Definition
Two ways to use Value Chain
1. outmatching c________ and and c________ of its rivals
2. ________ cost of its value chain activities to be lower that its rivals |
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Term
| competitive strength analysis |
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Definition
| a list of key success factors for the industry is made and each firm is given a score of 1 to 10 on their capabilities. |
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Term
| weighted strength analysis |
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Definition
| key success factors for the industry are listed and each firm is graded from 1 to 10. Each KSF is provided a score less than one which is based on importance in the industry. A firm's KSF grade is multiplied by the factor for their overall grade in that KSF. ALL factor weights can be summed to equal 1. |
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