In competitive industries, most of the time, companies must look within, and find ways to reduce the cost of bringing a product from the raw material to finished stage, in order to remain competitive in the long run.

Hi can someone please help with the following business management and leadership class

APA FORMAT 4-6 paragraphs

In competitive industries, most of the time, companies must look within, and find ways to reduce the cost of bringing a product from the raw material to finished stage, in order to remain competitive in the long run.

The computer microchip industry, in particular, is very competitive. Whenever a new microchip comes into the marketplace, the makers of “clone” microchips release a clone microchip that is almost as good as the original, but priced considerably lower.

The ABC Microchip company specializes in developing first-of-its-kind microchips; yet its market share has been hurt by “clone” microchips. The Robbins text outlines 6 requirements for Value Chain Management. In 4-6 paragraphs, discuss how you would put these requirements to work at the ABC Microchip company, in order to help it remain competitive in the long run.

The six valued requirements

Collaborative relationships among all chain participants

Investment in technology

Integrated organzational procesess

Strong, committed leadership

Flexible and committed employees.

Appropriate culture and attitudes

 

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