Answer to Question #220246 in Management for Khwisti

Question

What lessons can be learned from the Manganese mine business in South Africa about sustainable value chain analysis that might benefit other economic sectors?

Answer 1

Lessons that can be learned from the Manganese mine business in South Africa about sustainable value chain analysis that might benefit other economic sectors include;

• consumers have the right to be defined for what really makes the value in a product or a service
• the firms have the chance and ability to create sustainable value chain analysis by analyzing and understanding what is that customers really value in a product that they create thus adapting so as to suit given specific targets
•  sustainable value chain analysis requires good segmentation which helps in the effective resource allocation since, to begin with, the needs of the consumer are taken care of efficiently and in the quickest way possible.
• all organizations have opportunities for improvement but there is a tendency of some organizations being reluctant to hold on to the principle concerned with continuous improvement which should change
• sustainable value chain analysis should help in the assessment of the relationships that exist among stakeholders and effective communication which optimizes the behavior change in the stages of the value chain
• sustainable value chain analysis requires a lot of time used in data collection appropriate for the organization and high-cost thus reason for many organizations being reluctant in embracing the continuous improvement principle