Strategic Management - Value Chains

This is a lecture from Prof. DeWitt' MGT 490 - Stratgic Management Course at UMB in Spring 2021. In the lecture we examine the strategic importance of value chains. Table of Contents: 00:00 - Value Chains 00:11 - The Trail Ahead 00:37 - 00:38 - GAINING COMPETITIVE ADVANTAGE 00:59 - Business (Level) Strategies 03:36 - 04:13 - 05:01 - What was the first system to show both a a graphical user interface and a mouse 06:11 - What is a value chain and why do we care?(1) 08:15 - What is a value chain and why do we care?(2) 09:18 - 12:39 - 13:17 - APPRAISE CAPABILITIES BY EXAMINING ACTIVITIES ACROSS VALUE CHAIN 17:30 - Where did the value chain come from? 20:09 - Difference between Value Chain & Supply Chain 21:34 - APPRAISE CAPABILITIES BY EXAMINING ACTIVITIES ACROSS VALUE CHAIN 21:46 - 23:46 - Vertical Integration 29:08 - Value Chain Activity Analysis 30:29 - Value Chain Analysis – Costs 32:30 - Value Chain Analysis – Willingness to Pay (1) 34:09 - Value Chain Analysis – Willingness to Pay (2) 35:53 - Value Chain Analysis – Increase the Wedge 38:19 - Outsourcing (1) 39:11 - Outsourcing (2) 43:53 - 45:50 - Value Chain - Differentiation vs. Cost Leadership 46:16 - 48:32 - 50:53 - 50:54 - Value Chain - Differentiation vs. Cost Leadership 50:54 - 51:27 - Value Chain - Differentiation vs. Cost Leadership 51:27 - 51:27 - 51:28 - Change is hard 52:18 - NETFLIX 58:03 - Key Takeaways 59:32 - YOU ADD VALUE!!