Measurement and Decision Making Essay Example | Topics and Well Written Essays - 500 words

touchstone and Decision Making - Essay ExampleFrom this discussion it is clear thatvalue chain involves a detailed level of analysis on the means to satisfy the customers. It includes detailed knowledge of a quicks strategy adapt towards adding value to the product and service to the customer. In adding value to the product, the firm achieves higher levels of profitability. Harley-Davidson has established a passengers Edge program in which anyone who could pass the Motorcycle Safety Foundations (MSF) written test and effort test would be eligible for instruction on how to ride a Harley. The local dealers provide these instructions, which suddenly fit in the value chain.This study stresses thatexecution comprise drivers include factor that a firm can manage in the short-term to reduce costs. There are various short-term cost drivers available to this firm. First, the company can endeavor to empower the current employees with trainings. The company needs to equip each of the e mployees on handling clients in a satisfactory manner. For instance, responding to their online queries and orders in a timely manner. Additionally, pass quality services that will make the customers come back for more business. Secondly, the firm needs to redesign the production processes to speed up the flow of product to reduce costs. Thirdly, improve its suppliers relationships by providing them with low-cost products through agreements with them. In reducing costs, the firm will agree with the suppliers to move more products, increasing on sales.