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Sep 1, 2021 · The primary activities of Michael Porter's value chain are inbound logistics, operations, outbound logistics, marketing and sales, and service. The goal of the five sets of activities is...
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.
Understanding how your company creates value, and looking for ways to add more value, are critical elements in developing a competitive strategy. Michael Porter discussed this in his influential 1985 book "Competitive Advantage," in which he first introduced the concept of the value chain.
What is Porter’s Value Chain? Porter introduced a versatile value chain model that businesses can employ to analyze their entire range of activities and comprehend their interconnections. The manner in which these activities are executed within the value chain directly impacts costs and influences profitability.
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 .
Mar 24, 2024 · Porter’s Value Chain Model is a strategic management tool developed by Harvard Business School professor Michael Porter. The tool analyses a company’s value chain – defined as the combination of processes that the company uses to make money. Table of Contents. Understanding Porter’s Value Chain model.
![Michael Porter's value chain [6]. | Download Scientific Diagram](https://images.search.yahoo.com/search/images?p=michael+porter+value+chain&ei=UTF-8&norw=1&_tsrc=apple&age=1w&th=124&tw=226.1&imgurl=https%3A%2F%2Fwww.researchgate.net%2Fprofile%2FJinhyo-Yun%2Fpublication%2F316889653%2Ffigure%2Ffig1%2FAS%3A493480892997632%401494666421491%2FMichael-Porters-value-chain-6.png&rurl=https%3A%2F%2Fwww.researchgate.net%2Ffigure%2FMichael-Porters-value-chain-6_fig1_316889653&size=49KB&name=Michael+Porter%27s+value+chain+%5B6%5D.+%7C+Download+Scientific+Diagram&oid=1&h=467&w=850&turl=https%3A%2F%2Ftse1.mm.bing.net%2Fth%3Fid%3DOIP.9mqYFfUL0WdrxNBTVXUoOwHaEE%26pid%3DApi%26rs%3D1%26c%3D1%26qlt%3D95%26w%3D226%26h%3D124&tt=Michael+Porter%27s+value+chain+%5B6%5D.+%7C+Download+Scientific+Diagram&sigr=ITTwZ4BnQgZv&sigit=a1dSjzfFKjdr&sigi=jSAnnA8uRBbg&sign=N.yNu_TT5GI_&sigt=N.yNu_TT5GI_ "Michael Porter's value chain [6]. | Download Scientific Diagram")
