Value Chain Framework of Michael Porter. Adam Brandenburger Barry Nalebuff with The Value Net PARTS, Co-

movers fast-followers are quick to copy innovations by others and try to gain customers by avoiding and improving upon competitors mistakes. A key component of second-mover success is excellent environmental scanning of its markets and competitors. The niche strategy centers on serving small groups of customers with special applications of basic technologies and is not used in this analysis due to this groups small market size and specialized nature

5. Value Chain Framework of Michael Porter.

The Value Chain framework of Michael Porter is a model that helps to analyze specific activities through which firms can create value and competitive advantage The activities of the Value Chain Primary activities line functions o Inbound Logistics. Includes receiving, storing, inventory control, transportation planning. o Operations. Includes machining, packaging, assembly, equipment maintenance, testing and all other value-creating activities that transform the inputs into the final product. o Outbound Logistics. The activities required to get the finished product at the customers: warehousing, order fulfillment, transportation, distribution management. o Marketing and Sales. The activities associated with getting buyers to purchase the product, including: channel selection, advertising, promotion, selling, pricing, retail management, etc. o Service. The activities that maintain and enhance the products value, including: customer support, repair services, installation, training, spare parts management, upgrading, etc. Support activities Staff functions, overhead Rina Amelia : Analisa Generic Strategy Dari Michael R Porter Beserta Strategy Lain Beserta Pro Dan Kontra Manajemen Strategik Rumah Sakit, 2008 USU Repository © 2008 o Procurement. Procurement of raw materials, servicing, spare parts, buildings, machines, etc. o Technology Development. Includes technology development to support the value chain activities. Such as: Research and Development, Process automation, design, redesign. o Human Resource Management. The activities associated with recruiting, development education, retention and compensation of employees and managers. o Firm Infrastructure. Includes general management, planning management, legal, finance, accounting, public affairs, quality management, etc.

6. Adam Brandenburger Barry Nalebuff with The Value Net PARTS, Co-

opetition It means looking for win-win as well as win-lose opportunities. Keeping both possibilities in mind is important. Win-lose strategies often have negative effects. The game of business is to create and to capture value. The Value Net is a schematic map designed to represent all the players in the game and the interdependencies among them. Interactions take place along two dimensions. Along the vertical dimension are the companys customers and suppliers. Along the horizontal dimension are the players with whom the company interacts but does not transact. They are its substitutors and complementors. The Value Net model from Adam Brandenburger and Barry Nalebuff recognizes there are four main groups that influence the course of any firm:

1. Customers 2. Suppliers