The accomplishment or failure of an undertaking can be attributed to various factors in the business world. This is more pronounced in businesses having a broader scope for their mission, ambition, and operation. Within the parameters of their operations, these organizations must take a variety of outcomes into account, and therefore, Value Chain Management is one of them. It entails the incorporation of all the assets of value to a company. Value chain management can be explained as the integration of all revenue-generating processes in a company organization. It includes all the many subsystems employed throughout the process of producing goods and supplies. This essay investigates the technology and HR enablers of the corporate’s value chain in various contexts.
The Technological Enablers
The absence of technological gadgets and systems would seriously impair a firm’s defined structure of value chain management. It can be ascribed to growth and advancements in the technical and communication sector, which have compelled a widespread industrial adaption to capitalize on all its benefits. Technology makes businesses more productive and cost-efficient (Simatupang et al., 2017). This has increased threats in addition to the benefits that technology has brought. The personnel of any commercial entity in the modern setting would have to transition to a manual functionality process because of the electronics outage. This will result in workers’ difficulties and hardships while adjusting to an already outdated system (Kumar et al., 2016). The extent of an electronic equipment failure must be considered and carefully considered. This is because a widespread breakdown would damage the systems and workers who depend on electrical equipment for living, such as individuals who use cochlear implants, myocardial sensitizers, and other life-saving gadgets (Simatupang et al., 2017). For the sake of this essay, it is considered that the breakdown only affects the appliances required for maintaining the business organization. As a result, most organizations track all of their actions using software, and many companies use ERPs (Enterprise Resource Programs) to support their activities.
A corporation would face a seemingly insurmountable barrier if such resources were unavailable because manual tasks would already have been prioritized by modern business procedures (Ensign, 2001). This is already well-established in the industry, with most businesses automating their production and input processes supported by technology. Inbound logistics would suffer if a company lost all of its technological equipment and systems. This suggests that warehouse operations would suffer, as would inventory control of a company’s inputs and supplier connections. Only the most recent time the records were entered into the system would be able to be used to trace them. Final distribution efforts to clients might not be completed or unnoticed if the failure is severe enough (Kumar et al., 2016). Additionally, customer support would stagnate as inquiries and grievances will be unaddressed, thus an adverse effect on commercial entities (Ensign, 2001). Most marketing and sales efforts currently depend on electronics; thus, they would stop. Overall, because of that contemporary technology’s over-reliance, most corporate activities would halt, and even if they did, they would not be recorded or validated.
Managing the Risk of Value Chain Outage(s)
It would be wise for the firm to be contracted in the event of an emergency, such as the breakdown of all devices and the equipment powering the business. While the devices and system problems are being fixed, this can let the business activities continue. By looking for a party beyond its scope of responsibility, the company protects itself from problems that could affect the entire organization (Ensign, 2001). Value chain management delegating can be very risky. However, suppose there is cooperation between them. In that case, the outcome might be protected against the firm enduring harm in the event of a sudden lack of technological inputs and assets in the organization.
Having a predetermined plan with a continuity strategy that considers the possible breakdown of gadgets would be crucial in such an unusual event. It demonstrates the requirement for a defined and narrow firm continuity plan (Kumar et al., 2016). The worst-case situations would be considered, as well as how any commercial entity would attempt to keep operating amid what appeared to be significant barriers. Thus, it would be most advantageous to have a continuity strategy that considered electronics failure and was modified accordingly. Compared to other unequipped businesses, that company would be ideally placed, even if it meant switching to a paper-work function (Kumar et al., 2016). In various situations, approaches can be used to maintain the company’s functions even in the event of a catastrophic breakdown.
Businesses can, in severe circumstances, fall back on prior planning by physically storing a backup of their data. It must be emphasized that it is not unusual because organizations are now vulnerable to hackers who can use air-gapped devices to disable all gadgets linked to the network. Having a database not linked to a firm and a practically upgraded network can offer relief from an uncertain loss of the tech gadgets in a firm. All firms must also be ready with loss-limiting methods if a business’s unexpected loss of working gadgets. To ensure ongoing operations, some businesses can be ready by maintaining a printed backup of their actions. The expense of this project, however, would be high and involve many people (Ensign, 2001). Overall, the corporate sector depends heavily on technology, and a breakdown of computerized resources would mean a halt to operations, as shown in current cyberattacks on numerous international corporations, with additional operations remaining supplemental.
(EAS) Enterprise Application Software and Value Chain Management
Many companies in the modern business climate have adopted technology for their progress and the following benefits. This is so businesses using them can benefit greatly from these services. Numerous business-friendly technologies are still in use for their advantages, and one of them is EAS. With their assistance, companies have been able to leverage technology to improve company’s activities. Businesses have generally benefited from EAS innovations in several ways. They have improved data sharing, for instance, one of these ways. An advantage is that they act as executors of control, simplifying the production planning process through connections to sales, distribution, manufacturing material management, and real-time financials (Kumar et al., 2016). The firm’s available capacities can be scaled via EAS systems as needed. A business’s IT capabilities can be scaled up or down as needed, enabling it to be flexible to any data it involves (Ensign, 2001). This can guarantee financial effectiveness without compromising information that the corporation could require in the future. This has potential since value chain management concerns occasionally necessitate data gathering, particularly for assessments, without disrupting company operations (Simatupang et al., 2017). EAS systems have the potential to enhance value chain management, which includes logistics operations. Businesses can streamline their activities and increase income by using data about the intersection of data on clients and suppliers.
Human Resource Enablers
A business’s ability to succeed or fail depends on various factors, including its culture and employees. Both for-profit and non-profit enterprises have acknowledged these aspects’ importance. To encourage achievement in any company, keeping a close eye on these variables is critical.
People and Culture
These are a few of the most critical factors for business success. People might differ both inside and outside of a company. The people working internally with the organization to achieve its objectives are included. Organizational culture is a valued asset, and it influences who inspires those who work for it, giving a set of like-minded people a feeling of authority and inclusion. It can be either beneficial or bad, but it always works toward a similar goal (Ensign, 2001). The persons working for a company organization can obtain various things that increase their mentality and commitment towards a firm. When entrusted with ensuring job satisfaction, several difficulties ought to be resolved. The first would deal with concerns that modern workers are looking for. These might include providing a decent wage, opportunities for growth, a comfortable work atmosphere, boosting continuity, and ensuring the lengthy professional success of individuals who have remained faithful to the organization. Researchers have made numerous connections between increasing organizational efficiency, commitment, and retention.
In this instance, it would entail comparing the existing situation to the anticipated conditions to make sure they are met. Additionally, the firm’s current administration would need to be addressed to make sure they were supportive of implementing new modifications (Kumar et al., 2016). This is so that organizational changes can have the most significant possible impact on them, thus being of great help. The question of the leaders would come up concerning transition because of their influence on bringing about transformation (Ensign, 2001). A critical factor in change would be culture. It would be required to modify the culture if the prevailing culture is what prevents people from changing. Since the customers are the ones who ultimately benefit from a culture, the clients would also be involved.
People’s 3 Traits: Knowledge, Skills, and Beliefs
Further thought should be given to these elements as well. A priority for someone responsible for client pleasure would be knowledge expansion. It would ultimately put the firm’s individuals in a condition of equivalent comprehension. The change would be easier because everyone involved would know their contribution to the new system (Kumar et al., 2016). Those in charge of pursuing efficiency improvements would have their agility on the value chain fully reenergized. In the corporate context, competencies are also valued. Those who just started working there hope to leave with more knowledge than when they first started (Simatupang et al., 2017). The establishment of training programs would therefore need to take priority. Employees with higher levels of competence would achieve tremendous success in their duties, and the firm would benefit more in the long run. The business culture would be used in terms of beliefs because businesses spread their ideologies through the culture they have already developed. Personal beliefs would be respected by the company I would work for. Additionally, it would promote a culture of integrity, morality, and accountability, recognizing the obligation due among all parties.
People and Trust
Trust, and people are also essential for commercial enterprises. Honesty would be critical in this situation, both inside and outside the company. It suggests that the company would maintain an open-door approach while maintaining regulatory openness. It would enable the firm to maintain accurate records while maximizing the performance of the value chain processes (Ensign, 2001). The flaws in the value chain would also be addressed directly, ensuring that corporate operations continue to run smoothly (Kumar et al., 2016). Honesty and accountability would address the problem of trustworthiness between workers and their bosses and the business and its clients. Since implementing change is primarily a matter of communication, this would be extremely useful in the firm’s transformation management.
The Value Chain in the Management of My Life
I use my understanding of value chain management in this area to discuss how I could implement everything to own living, viewing the self as an entity. My family is middle class, and that is where I grew up. As far back as I can remember, my father used to belittle our social standing to hone my resiliency. I ended up being a logistical person due to my paternal figurehead’s motivating rants. I may evaluate the value chain of my life from this perspective by using Mike Porter’s writings. As a result, I may view my strategic advantage as a variable closely related to my decisions and interactions with systems shaped by personal endeavors and the connections I build. Porter’s principles guide me as I think about the supply chain. One aspect that makes networking beneficial is this. In this approach, the connections I make on a personal and professional level open doors for me and substitute for the incoming commodities that would be effective if I were a commercial firm. My studies have contributed to recognizing my enhanced emphasis and assessments throughout this line of inquiry. My educational and child-stage backgrounds have also made me more aware of the importance of routines. They include the steps I would take to achieve my goals. I conduct myself as a firm even though I am a human by focusing on my defined aims. Thus, the advancement of my financial and social success is a factor in my judgments. A good illustration would be giving up extra hours to engage in activities supporting my future business ambitions. The cost-benefit estimates, in this instance, are respectable. I prevent one-sided connections by thinking about what I can provide. Based on Mike’s outbound logistics, this pertains to the 3rd maxim. I am accountable for storing, transporting, and disseminating my thoughts as a successful value chain leader in my lifetime. These responsibilities are what distinguish me as a valuable person. The replacement of commodities with thoughts is the meeting point of the person and the company. Marketing is a different facet of these. I perceive myself as a label and merchandise in this perspective. In order to effectively communicate with individuals, I have to persuade, I must commit to quality. In all of these situations, preserving an image is advantageous. Additionally, it helps strengthen bonds within a newly formed group. Mike’s suggestions conclude with a service component. It can be understood as the value I offer to a system, which is advantageous to my colleagues since they have confidence in me. By doing this, the individual I am would already have served as a value chain management company while benefiting personally and creating valuable connections.
In conclusion, a wide range of complex challenges impact the corporate atmosphere. One of them, the value chain, uses a variety of elements to determine its achievement or failure. There are two enablers discussed in this essay, that is, HRs and technology. For sustained operation, companies must be prepared for technological disruptions. In order to ensure the achievement or failure of their activities, companies must also consider their HRs, who are among the most critical stakeholders.
References
Ensign, P. C. (2001). Value chain analysis and competitive advantage. Journal of General Management, 27(1), 18-42. https://journals.sagepub.com/doi/abs/10.1177/030630700102700102
Kumar, D., & Rajeev, P. V. (2016). Value chain: a conceptual framework. International journal of engineering and management sciences, 7(1), 74–77. https://www.researchgate.net/profile/Dilip-Kumar-12/publication/325110680_Value_Chain_A_Conceptual_Framework/links/5bcd9e71299bf17a1c662b07/Value-Chain-A-Conceptual-Framework.pdf
Simatupang, T. M., Piboonrungroj, P., & Williams, S. J. (2017). The emergence of value chain thinking. International Journal of value chain management, 8(1), 40–57. https://courseware.cutm.ac.in/wp-content/uploads/2020/06/value-chain-pdf.pdf
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