Question

21 Value Chain Elements: Budgeting, Competitive, advantage, Corporate, social responsibility, Culture Customer need, External resources, Financial Goals, Idea generation, Information management Infrastructure, Leadership People – human resources, People – customers People, – shareholders, Product development, Strategy Supply, chain management, Technological considerations.

in a paragraph. or 2 tell what happens when each element goes global. use 3rd person perspective

Include a conclusion summarizing the paper’s content without introducing any new information.

Answer 1

First of all value chain is applied in any business for developing the initial business model, its a step by step business model for transforming a product or services from idea to reality.So, all 21 Value chains elements are define as follows:-

Budgeting- In any business model budgeting process employ by any company to create a plan to spend money on any goods by the targeting costomers are enable to pay or not .Budgeting process can help any company to think that the goods they made have right price or not and to compare with the public so they have enough money to buy their products or services as comparing to their daily expences as per the costomers income.So budgeting can help to understand that a person have enough money to do everything that he would like to do, then he can plan process to prioritize he's spending and focusing he's money on the things that are more important for his business.

Competitive-In business a company owners sells the product or services to costomers but for the same price and quality of product by other company sells that create competition.Its first to analyse for newly business about market competion.The more sellers of a similar product or services the more competition rise in the market.

Advantage-Its very important elements any business can first work on before come to market, if similar product and services a company wants to make then they must focus on others weak points from there the company can have better idea to seek consumers.

Corporate- A company can owned and associated by law with the rights and liabilities.Its created when its incorporated by a group of shareholders who have owenership of the corporation , represented by their holding of common stock, to pursue a common goal.The corporations enjoy most of the rights and responsibilities that individual possess, they can enter loans,borrow money, own assets, hire employees,pay taxes all under the legal process and peoplewho runs.

Social Responsibility-In business social responsibility means in addition to maximize shareholder value, that must act in a manner that benifits society.

Culture costomer needs-For any business organigation the satisfaction of costomer needs is becoming vey important and its increasing fastly over the markets trends.In startup model its play vey crucial role also for bigger organisation for retaining in the market and expanding their business.

External resources-In any newly business model the biggest problem is to grow business fastest as per time to make it possible, more poerful corporations is thwir flexibility, to handle such types of situation business owners should employ external resources to expand their business sales and market growth by the use of technology and expanding networks.

Financial Goals-This contains six points to aquire the target of financial goals that are by monitoring the progress of a person,createing realistic budget,by adapting smart goal starategy, short out what within reach,figuring out whats important.

Idea generation-Its very initial step of any business, visualising to create, develop, make that on papers concrete on that visual ideas.

Information management infrastructure- It also sub divided into systems management, network management, and storage management. In any business sectors its a management of operating on some of the important essentials such as policies,processes,equipment,data, human resources,external contacts, for creating effectiveness.

Leadership people- These are resources for any company to manage and control on the human working output.That controls human resources they are building block of any company and its must organised by any new startup business model.

Shareholders-Its an specific group, organisation, company and person whos work is to control the stocks of any company.They must have own a minimum of one share in a company stock or mutual fund to make them a partial owner.

Product Development-Its a group of people who design, check the quality, and maintain the quality, improve as per public demand of any product and services that a company produce to costomers.In any business model this group must involve and should have better position into the business.

Strategy supply-It encompass the chain of the end to end flow of information. product and money of any company.The way they manage strongly affects an organisation competiveness in such areas as product cost, working capital requirements,speed to market and service perception among the costomers for company maximum benifits.

Chain management-In any business model its must descussed parts how the goods and services will happen and it apply in every business, it includes all the processes that transform raw materials into the final products.

Technological consideration-A business growth and profitability depends on the increase efficiency of technology use for managing expenses, improving performance, and growth profitability.Keeping up with fast pace of technological change can be difficult for any business owner already burdended withthe many task a company performing successfully.

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