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- DictionaryVal·ue chain
noun
- 1. the process or activities by which a company adds value to an article, including production, marketing, and the provision of after-sales service.
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Feb 14, 2024 · A value chain is a series of steps that create a product or service, from design to delivery. Learn how to conduct a value chain analysis to increase efficiency and competitive advantage, with examples of Starbucks and Trader Joe's.
Dec 3, 2020 · Value chain analysis is a tool to evaluate the activities and processes that create value for customers and shareholders. Learn how to identify, measure, and improve the value and costs of each step in your value chain with Harvard Business School Online.
A value chain is a progression of activities that a business or firm performs in order to deliver goods and services of value to an end customer. The concept comes from the field of business management and was first described by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance.
The Value Chain. Developed by Michael Porter and used throughout the world for nearly 30 years, the value chain is a powerful tool for disaggregating a company into its strategically relevant activities in order to focus on the sources of competitive advantage, that is, the specific activities that result in higher prices or lower costs.
A value chain is a concept describing the full chain of a business's activities in creating a product or service -- from initial receipt of materials through its delivery to market. The value chain framework encompasses five primary activities -- inbound operations, operations, outbound logistics, marketing and sales, and service -- and four ...
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Value chain analysis is the process of observing and evaluating each business activity involved in the creation of a finished product or service. 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?
Learn what a value chain is and how to use value chain analysis to gain a competitive advantage in the market. A value chain is all the activities and processes within a company that help add value to the final product.
