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GB570 Unit 3 – Discussion Question 1 (350-500 words max)

GB570 Unit 3 Discussion Question 1 (350-500 words max)

Competitive Advantage and the Value Chain

Write a 350-500 word response (formatted to APA style and including references and citations).

Address the following questions:
Is the concept of a value chain intrinsic to all businesses and if not, why not?
How does a Value Chain assist in creating competitive advantage?
Can competitive advantage be achieved without a value chain?

In your reply also discuss the meaning of the comments made by Lu and Hung (2010) in their article in the Unit 3 readings i.e.” the competiveness of the individual firm depends upon the competitiveness of the value chain to which it belongs” (p. 1155).
Is this statement valid, and is cost reduction the only purpose of a value chain?

Apply and cite at least three relevant and respected resources [one of the applied and cited references should be the Lu and Hung (2010) article] within the response and list the references at the end of the response. Use APA formatting.

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