The concept of Primary and Secondary Value Activities typically refers to Michael Porter's Value Chain framework, which analyzes a company's activities to understand where it creates value and potentially achieves a competitive advantage.
Posts published in “STRATEGY”
A business crisis, whether stemming from a natural disaster, an economic downturn, a cybersecurity breach, or a reputational scandal, presents an existential threat to an organization.
Contingency plans allows businesses to anticipate potential disruptions and develop strategies to mitigate their impact, ensuring continuity and resilience.
A strategic inflection point is a pivotal moment in a business's life when its fundamental competitive environment changes dramatically, forcing the company to adapt its strategy or face decline.
Measurement theory, while often associated with the natural sciences, is profoundly important in business.
The distinction between a "good" and "bad" strategy is crucial for an organization's long-term success.
The "burden of risk" in a business refers to the responsibility a party has to bear potential losses or damages associated with a specific activity or situation.
Compliance in the business world refers to the adherence of an organization to the laws, regulations, standards, and ethical guidelines that govern its operations.
Good business governance, often referred to as corporate governance, is the system of rules, practices, and processes by which a company is directed and controlled.
Hedge betting, or simply "hedging," in the context of gambling (most commonly sports betting), is a strategy where a bettor places additional bets on the opposite outcome of their original wager.
Interfacing technologies are software and hardware solutions that enable communication and interaction between two or more different systems, devices, or components.
More than just a document, the A3 is a visual management tool that embodies "A3 Thinking"—a systematic and collaborative approach to problem-solving.
Failure Mode and Effects Analysis (FMEA) is a systematic, proactive method used to identify potential failure modes in a product, process, or system, assess their potential effects, and prioritize them for action to eliminate or reduce the risk of occurrence.
The 5 Whys is a simple, yet powerful, problem-solving technique used to explore the cause-and-effect relationships underlying a particular problem.
Fault Tree Analysis (FTA) is a systematic, top-down, and deductive method of failure analysis.
Root Cause Analysis (RCA) is a structured, systematic process used to identify the underlying causes of a problem, undesired event, or non-conformance.