Chapter 4 – Managing Firm Resources Assignment Help

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Words: 1000

Total marks – 25

Explain and discuss resource elements and capabilities necessary for business leaders of hospitality and tourism organizations to possess to succeed in sustaining a business.

Context:

When executives choose strategies, an organization’s resources and capabilities should be examined alongside consideration of its Value Chain. A value chain charts the path by which products and services are created and eventually sold to customers (Porter, 1985). The term value chain reflects the fact that, as each step of this path is completed, the product becomes more valuable than it was at the previous step.

Also Read: Strategic Management (T318) Assignment Questions and Answers

Answer the following questions using only the information in Chapter Four of the course textbook, “Mastering Strategic Management – 1 Canadian Edition” (Edwards, 2014).

Questions

1. What could local businesses in your town be improved most dramatically by applying the value chain? (5 marks)
2. Would improvements in primary or support activities help to improve this firm the most? (5 marks)
3. Could knowledge of strategic supply chain management add further value to this firm? (5 marks)

Research and References:

• Use and reference only the course textbook (5 marks)
• Indicate page numbers (URL links are acceptable if no page number is available) from the textbook to support your answers (5 marks)

Formation

APA (6 or 7) Essay Style

Upload your document to the Concept Application assignment eLearn link as a Word document.

 

 

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