Explain Michael Porter’s value chain diagram

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Explain Michael Porter’s value chain diagram

Question 1: Please explain Michael Porter’s value chain diagram
Question 2: How is value in retail defined? What’s Amazon’s value proposition? (In other words, why did you choose Amazon?)

Question3: Referring to the textbook, explain the supply chain for physical bookstores (like our campus bookstore) and textbook rental operations (Google to find a few). Compare and contrast their supply chain operations.

Question4: What’s your take on “If it doesn’t add value, don’t do it!”? Please explain in details with an example.

Question 5: Referring to the videos on value chain and outsourcing, would it make sense for companies like Coca Cola, Dell, Apple, and Nike to bring manufacturing home instead of their current practice of outsourcing? Why or why not? What companies/industries are most likely to use nearshoring or reshoring?

Value Chain Video: YouTube URL: http://www.youtube.com/watch?v=gN8bhTfwpdQ

Outsourcing Video: YouTube URL: http://www.youtube.com/watch?v=7qeehDLYa8g

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