Saved Papers

Save papers so you can find them more easily!

Join Now

Get instant access to over 100,000 papers.

Join Now!

Value Chain

The value chain, also known as value chain analysis, is a concept from business management that was first described and popularized by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance.

It is important not to mix the concept of the value chain, with the costs occurring throughout the activities. A diamond cutter can be used as an example of the difference. The cutting activity may have a low cost, but the activity adds to much of the value of the end product, since a rough diamond is a lot less valuable than a cut diamond.

The value chain categorizes the generic value-adding activities of an organization. The "primary activities" include: inbound logistics, operations (production), outbound logistics, marketing and sales, and services (maintenance). The "support activities" include: administrative infrastructure management, human resource management, R&D, and procurement. The costs and value drivers are identified for......


View the rest of this paper...

Approximate Word Count: 611
Approximate Pages: 3 (250 words per double-spaced page)

Why should you join Frat Files?

  • - It's safe, secure, and private.
  • - Instant access to over 100,000 papers. New papers are added hourly.
  • - Fast and reliable customer support.

Credit Card

Bank Account

PayPal

Similar Essays

  1. Value Chain

    Value chain. The ... Performance. It is important not to mix the concept of the value
    chain, with the costs occurring throughout the activities. ...

  2. Value Chain Analysis

    Value Chain Analysis. ... Before explaining the advantages that a value chain can offer,
    it is important to first identify the value chain itself. ...

  3. Value Chain

    value chain. The value chain is best understood to be the prospective sources
    of a company’s economic advantage within its own industry. ...

  4. The Value Chain Analysis

    The Value Chain Analysis. ... A competitive advantage may be achieved by reconfiguring
    the value chain to provide lower cost or better differentiation. ...

  5. Porter Verses Shank Value Chain

    Porter Verses Shank Value Chain. Both ... The SCM paradigm addresses strategy
    as a matter of addressing the value chain overall. Strategy ...