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Key Concept Exercise: Value chain analysis
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In a 500-word response for all parts, address the following: Step 1: Activity analysis Select a real-life electricity company; either one you are familiar with in your region or one you identify via your own research. Identify an activity or activities that this electricity company could undertake that contributes towards the customer's experience to ensure energy savings on their utility bills. Step 2: Value analysis You will now identify the “value factors”– i.e. the things that customers value in the way that each activity is conducted. List your identified v...Solution Preview:
Value chain analysis refers to strategic technique used for analysis of firm’s actions. The primary objective is to find out an activity which results in maximum increase in customer’s experience. In this exercise, we discuss about EDF Energy, the largest electricity producer in United Kingdom catering to electricity requirements of around 5.6 million households.
This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.
This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.
