Choose An Example Of A Global Value Chain

Choose An Example Of A Global Value Chain And An Example Of Domestic V

Choose an example of a global value chain and an example of a domestic value chain. Compare and contrast the key challenges that the managers would face. Then, propose the ways to confront these challenges. no plagerism 1 paragraph Utilizing the Exhibit 2.4 from Chapter 2 of the text, evaluate how each value chain you chose from Part 1 of this discussion can be described from a pre- and post-production service perspective. Provide at least two examples for each perspective.1 paragraph please cite.

Paper For Above instruction

A global value chain (GVC) example can be seen in the manufacturing of smartphones by companies like Apple, which involves sourcing components from various countries, assembling in different regions, and distributing globally. In contrast, a domestic value chain example is the local bakery producing artisanal bread within a single country. Managers in global value chains face challenges such as coordinating across diverse geographical locations, managing complex international logistics, and handling varying regulatory environments. Conversely, domestic chains primarily contend with local market competition, supply chain disruptions within the country, and maintaining consistent quality standards. To address these challenges, managers in GVCs can implement robust international logistics systems, foster strong supplier relationships, and adapt to local compliance requirements. Domestic managers might focus on strengthening supplier relationships within the country, enhancing quality control processes, and developing flexible logistics strategies. According to Exhibit 2.4 from Chapter 2, the global smartphone GVC involved pre-production activities like international sourcing of components and design, and post-production activities such as global distribution and after-sales service. Similarly, the domestic bakery's pre-production includes ingredient procurement and product development, while post-production services encompass local delivery and customer support. For the GVC, examples of pre-production are global supplier negotiations and design innovation, whereas post-production includes international shipping and warranty services. For the domestic bakery, pre-production involves baking process planning and ingredient sourcing, while post-production covers local delivery and customer feedback services. Understanding these phases helps managers optimize each stage effectively, ensuring smooth operations and competitive advantage (Porter, 1985; Gereffi et al., 2005).

References

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