Bumiputeras Must Move Up Value Chain To Become Industry Leaders – Ahmad Zahid http://dlvr.it/TSr9Z4
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Bumiputeras Must Move Up Value Chain To Become Industry Leaders – Ahmad Zahid http://dlvr.it/TSr9Z4
Photo: Maize stored in a warehouse (AI-generated image).
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What are the differences between value chain and supply chain? Here we have a detailed guide on both of this.
The process by which companies acquire raw materials, add value to them through production, manufacturing, and other processes to produce a finished product, and then sell the finished product to customers is referred to as the value chain. The process of getting a good or service to a client is represented by a supply chain, which frequently involves both OEM and aftermarket parts.
The global trading environment is evolving rapidly with numerous developments in global production networks and global value chains. These developments are a result of product fragmentation; cross boarder dispersion of components and production/assembly. Each country specializes in a particular stage of production sequence and trades the value added components which ultimately results in the final product.
Let’s do this! #CostAccounting #ManagementAcounting #accounting #valuechain #uachieve #uambiente #Aruba #universityofaruba (at University of Aruba) https://www.instagram.com/p/B1wPRxjh8OD/?igshid=ixrdz7r1b8uo
(via Value Chain Analysis)
By Paul Sloane, at Destination Innovation
Do you want to innovate with your service or process? Here is an effective method which I use on innovation workshops. It involves analyzing and questioning every stage of your procedure. Start by breaking the customer journey down into separate stages starting with when the client first encounters you or your brand through to them completing the transaction and any follow-up steps. Draw this as a block diagram and include as many steps as you can, both internal and external.
Now for each stage ask the following five questions in depth:
1. What is the purpose of this step?
2. What difficulties are experienced here? (By customers or by our people)
3. How could we add more value at this stage?
4. What could we do differently?
5. Could we eliminate, minimize or combine this step?
This is best done as a facilitated brainstorm with a diverse team including if possible one or two customers.
Do not skip the first question even if the answer seems obvious. There are always alternative ways to provide the fundamental purpose of the step. So it is important to agree what is the rationale and what is the prime added value for doing what you are doing. Who benefits from this step and in what way?
The second question is an exploration of the problems and issues that surround the process. List as many as you can. This includes cost, time delays and resource issues. The next three questions should be conducted in a very open-minded way with a large number of possible suggestions being listed and explored.
Select the best ideas based on agreed criteria – for example:
• Added Value for the Customer • Added Value for the Company • Feasibility
You are looking for something which is novel and a real win/win. A good example of this kind of process innovation is online check-in in the airline business. Previously you had to stand in a long line in order to check-in. Now you can use the internet at your home or office to check-in for your flight. There is added value for the passenger and the airline. Both parties save time. The first airlines to do this gained competitive advantage – now all airlines have to offer it.
Examine your value chain carefully using this method. It should lead to incremental and radical innovations and should help ensure that you and the customer get more added value from each step.
[Entire post — click on the title link to read it at Destination Innovation.]
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An innovation colleague, Paul Sloane, is Editor of the Amazon best-selling business book, A Guide to Open Innovation and Crowd Sourcing: Advice from Leading Experts, with a foreword by Henry Chesbrough (Kogan Page, 2011). Cathryn Hrudicka, Founder, CEO and Chief Imagination Officer of Creative Sage™, is one of the contributing authors. You can order it here: http://amzn.to/OI_CS
Cathryn Hrudicka co-wrote the chapter, “Building the Culture for Open Innovation and Crowd Sourcing,” with Gwen Ishmael and Boris Pluskowski — more information about all of the co-authors and the contents of this book is available at: http://bit.ly/OI_CS_Google
At Creative Sage™, we can help you maximize the value of your open innovation and crowdsourcing or crowdfunding projects and gain the insights you need to move forward most effectively. To discuss your organization’s situation, please feel free to give us a call, at 1-510-845-5510 (PST, in the San Francisco Bay Area/Silicon Valley). You can also contact us by email and visit our web site for more information. We look forward to working with you and helping you get real results.
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The Value Chain of the Organization
By Elexie Baccay
Last week I have mentioned about the intellectual capital of my organization where I patterned its result when utilized as a value chain of the company. The human capitals are the employees that form the organization structure. Each task performed by the people in the organization helps in the creation of the value. And, the knowledge and skills of the workers are defined on different levels based on their capabilities which empower delivery of the targets successfully.
When we had our discussions last Saturday, I became aware of the employee hierarchical positions, it is not just a drawing that shows levels of authority or responsibilities of the people. As illustrated on the C-Level Competencies, the aptitude behaviors are different at each level. I can relate to this is our department’s process of developing plans, several revisions are happening when plans are being criticized by the higher officers. It seems like going through filtration.
Nevertheless, I am one of the beginners inside my organization, but I can say that I am on a good training ground. While having this study, I am being equipped to have the right views about the tasks of my bosses. I am not going to think anymore that “my boss is just commanding us”, because I understand now what are his perspectives.
5 years ago question: How can #technology help solve travelers’ frustrations all across the #travel value chain? And now? Is something different? buff.ly/2D1cpgr #SmartTravel #valuechain #CX #CustomerExperience #AR #SmartTech upvotes.co