Entrepreneurship Lesson

2.  Value Chain - is a set of
activities that firm operates and
perform in a specific industry in
order to deliver a valuable
product for the market.

3.  the founder of the modern
strategy and one of the
worlds most influential
thinkers on management
and competitiveness.

4.  is the network of all the
individuals, organizations,
resources, activities and
technology involved in the
creation and sale of a product.

5. 1. Inbound logistics –receiving,
warehousing and inventory control. (where
raw materials are handled)
2. Operations – value creating activities
that transform inputs (raw materials) into
products such as assembling and
manufacturing. (machining, assembling,
testing products)
5 Primary Activities

6. 3. Outbound logistics – these are the activities required to
get a finished products to a customers (this includes
warehousing, inventory management, order fulfillment and
shipping). Warehousing and distributing of finished
products.
4. Marketing and sales – these are the activities associated
with influencing a buyer to purchase a product. (advertising,
promoting, pricing and channel relation)
5. Service – these are the activities that maintain and
enhance a products value such as customers support and
warranty.