Analysis Of Managing The Value Chain Essay

1016 Words Jun 9th, 2016 5 Pages
1. Critical Reflective Essay – Managing the Value Chain

1.1 Overview

In real life application, it is difficult to understand certain things unless one has really studied and undergone them. The managing the value chain in the business world is working on the same principe. The knowledge of a value chain is not an easy task. Therefore the appropriate education about the topic throughout this online subject was focused on developing my knowledge while gaining a wonderful experience. Being a postgraduate student completing an MBA for me managing a value chain was a challenging learning environment to find and try effective principles and aspects of management I learnt in my other subjects. The teaching guidance and my learning offered me to develop a more structured approach towards business. The module was very practical and the time I invested into studying gave me an opportunity to explore new ideas and approaches.

1.2 Learning events and experience

Before entering the module my understanding of managing the value chain was limited and at the beginning I had a difficulty to differentiate between fundamentals of the supply chain and value chain. As the subject progressed and through reading resources available in the course as well as through my personal research I was guided to ask myself a question how can I change business inputs into business outputs in a way of creating a higher value in comparison to the value when creating the outputs? I tried to look at…

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