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Strategic Leadership 2 Name: Institution: Strategic Leadership 2 A value chain refers to a sequence of events that an organization functioning in a specified sector undertakes so as to provide significant services or products for the market.
In contrast, a value network is a business assessment point of view that illustrates technical and social resources between and within businesses. The intersections in a value network signify individuals (Bradley 2005, p. 26). The intersections are linked by associations that signify intangible and tangible deliverables. These deliverables may be in the form of financial value or knowledge or other intangibles (Maed 2005, p. 53). In addition, value networks signify interdependence. They represent the total worth of services and products (Morrill 2007, p. 31). This paper will look at how well Wal-Mart managed their value chain and value network. For Sam Walton, Wal-Mart’s founder, satisfied customers and low prices were the governing standards to retailing success (Sanders 1998, p. 45). Sam Walton emphasised on providing quality products at daily minimal prices, combined with the provision of pleasant services. This pushed Wal-Mart to its present situation as the largest retailer in the whole universe. Currently, the organization utilizes the identical standards to determine the value of every innovation it takes into account (Merritt 2008, p. 91). The value chain and value network of Wal-Mart increased due to their expansion into foreign markets. Wal-Mart has efficiently managed their value chain and value network. ...
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