Definition: a Value Chain is a chain of activities that a firm operating in an industry performs in order to deliver a valuable product or service for the market. It is a business strategy approach by Michael Porter (1985) to analyze specific activities or business processes through which firms can create value and competitive advantage. |
More on process management: Business Process, Business Process Reengineering, Capability Maturity Model Integration, DMADV, DMAIC, more on process management... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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