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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... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject.
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