LLB Template Assignment Answer : Article Review

I. INSTRUCTIONS

 

The purpose of the Learner's Log Book (LLB) is to document the achievements of the learner in a central repository that will be considered as evidence on the effectiveness of the learning process. It is a 'monitoring tool' that e-tutors use to report on individual learners' progress and it is a way of ensuring that learners:

ü    Are engaged in their learning process.

ü    They are experimenting by doing the tasks subscribed to them by the e-tutor.

ü    Avoid plagiarism because learners have to be engaged on a continuous basis and the informal assessment can therefore be used to ensure consistency with the main formal assessment.

ü    Provide e-Tutors with the opportunity to get to know the learners evaluate them and mentor them properly.

ü    There are templates which will reflect whether learners read, whether they understand, whether they assimilate the knowledge, whether they develop enquiry ability, whether they have the potential to conduct critical thinking and whether they can reflect on the knowledge accumulated by relating to real situations.

 

The onus is mainly on learners to furnish the required information in the templates after each unit based on the Read and Analyze Activity. After filling the information in the template they need to e-mail it back to the e-Tutor.

 

e-Tutor will then comments on the work done and the involvement that takes place and give overall impressions on the learners at the end of the module.

 

II. GENERAL INFORMATION

 

Learner Name: ---------------------------------------------------------------

ID Number: -------------------------------------------------------------------

Course Title: ------------------------------------------------------------------

Article Title: ------------------------------------------------------------------

Date of Submission: ---------------------------------------------------------

Date of Received Feedback: ------------------------------------------------

 

III. SUMMARY (100-200 words)

 

In innovation, the knowledge of a firm has the ability to perform an activity that is based upon technological and market. The knowledge and information are expanding exponentially in today’s economy and are the basis for many types of competitive advantage. Setting the profitability of supply and value chain requires the firm to set bond between the knowledge (technological and market) and effective management. Strategy exploits and configures relationships among players in the value or supply chain to achieve sustainable competitive advantage. Although with differences in managing the innovation, both chains overlay the same network of companies. Both are made up of companies that interact to provide goods and services.

All the suppliers has a role in innovation for firms by setting the process of planning, implementing, and controlling the efficiency and cost-efficiency flow of all the raw materials and inventories. The suppliers’ main target is focusing on the cost-out activities such as product specification and waste elimination. With the appropriate supply management, the companies can achieve the competitive advantage.  

 

IV. KEY LEARNING POINTS

 

Similarities between the reviewed article and the unit:

• Both recognize the view for innovation.

• Both are made up of companies that interact to provide goods and services.

• Both chains cover the same aspect of gaining the competitive advantage.

• Both are applicable strategies to deliver all the goods and services for the customers and other target market.

 

V. RELEVANT STATEMENTS TO THE SESSION

 

“Firms earn profits from innovation by offering products at a lower cost than their competitors or by providing products that are differentiated and that merit premium price”.

The firm has only two choices when they are planning to expand or experience the profitability. With this idea, the firms can decide the specific action they can apply to make the competitive advantage possible. The value chain answers the needs and wants of the customers which are equal to their offered price. On the other hand, the supply chain is the management of handling the minimization of costs and wastes that promotes the effectiveness of the firm that can justify the offered price for the customers. 

 

VI. CRITICAL ANALYSIS

 

The supply and value chain delivers different kind of innovation but entirely needed in targeting the competitive advantage. Their focus in making the business profitable is also different but both manage to dedicate all their efforts for their customers. Their concepts act differently but can be combined to approach strategically. The concern of value chain in identifying the demands of the customers can be directed to the supply chain where the supply can be managed through eliminating or minimizing the waste or cost-efficiency. Therefore to gain the competitive advantage, a firm should manage to identify the demands of their customers and produce them in a minimal cost. It is the ultimate strategy for a company especially when the entire organization is planning for a long-term business cycle.

 

VII. PRACTICAL IMPLICATIONS

 

A business should keep the principles of delivering the demand products of the customers and minimizing the cost in creating the products. The efficiency of a firm to deliver the products can be measured in providing the continuous improvement. The improvement can be in a form of standardized processes or technological breakthrough which is considered as an advantage. The determination of the tastes and preferences of the market and the use of the standard process with appropriate machineries can bring all the efficiency of a firm to deliver to their market.

 

VIII. LEARNING REFLECTIONS

 

To have product innovation, a firm should understand the importance in determining the needs and wants of different customers and in return, can able to handle the limiting factors in manufacturing such as costs and wastes minimization to be efficient. The combination of the supply chain and value chain is a good strategy for a firm that aims a competitive advantage as well as promoting product innovation, which can surpass other competing firms.

 

IX. e-TUTOR COMMENTS AND FEEDBACK

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mark:

 

Comments

[Customer Service Resume Templates]

Thank you for giving me the best day of my life!I am soaking with some best stuff!