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May 24, 2017 · Professor Michael E. Porter Harvard Business School. Mumbai, May 24th, 2017. This presentation draws on ideas from Professor Porter’s books and articles, in particular, Competitive Strategy (The Free Press, 1980); Competitive Advantage (The Free Press, 1985); “What is Strategy?” (Harvard Business Review, Nov/Dec 1996); On Competition ...
Competitive advantage. The value chain. Five forces. Industry structure. Differentiation. Relative cost. If you want to understand how companies achieve and sustain competitive success, Michael Porter's frameworks are the foundation. But while everyone in business may know Porter's name, many managers misunderstand and misuse his concepts.
The purpose of value chain analysis is to find areas of improvement within the value chain that will increase a company’s competitive advantage. What is a value chain? Harvard Business School Professor Michael Porter introduced the concept of a value chain in his 1985 book, Competitive Advantage: Creating and Sustaining Superior Performance .
Apr 1, 2023 · Value chain management (VCM) refers to the decisions and action taken by a firm in order to optimize its value chain. The value chain is a representation, introduced by Porter ( 1985 ), of the firm as a chain of linked activities that work together to create value for the customer. The linkages can arise from the need for optimization or from ...
Michael Porter invented the Value Chain in his 1985 book Competitive Advantage: Creating and Sustaining Superior Performance. You may have heard of Porter before, he’s also responsible for Porter’s Five Forces and Porter’s Generic Strategies – quite the string of smash hits, strategic planning wise!
Mar 15, 2018 · Michael Porter’s value chain helps disaggregating a company into its strategically relevant activities, thereby creating a clear overview of the internal organization. Based on this overview managers are better able to assess where true value is created and where improvements can be made. Figure 1: Porter’s Value Chain
Strategy and Smart, Connected Products. Three waves of IT-driven competition have radically reshaped competition in the past 50 years. Now, in the third wave, IT is becoming an integral part of the product itself. “Smart, connected products” are expanding and transcending industry boundaries, disrupting value chains, altering industry ...
