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Understanding and optimizing the value chain are paramount for businesses aiming to gain a competitive edge. Michael Porter’s influential 1985 book introduced the concept of the value chain, comprising five primary activities that businesses undertake to create value for their customers.
Michael Porter discussed this in his influential 1985 book "Competitive Advantage," in which he first introduced the concept of the value chain. A value chain is a set of activities that an organization carries out to create value for its customers.
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.
Jul 1, 2024 · Learn what a value chain is and how Michael Porter analyzed it in his 1985 book Competitive Advantage. Find out the five primary activities of a value chain and the four supporting activities that help optimize them.
Jun 12, 2024 · Michael E. Porter, of Harvard Business School, introduced the concept of a value chain in his book, “Competitive Advantage: Creating and Sustaining Superior Performance.”
Jun 18, 2018 · Learn how to use value chain analysis to identify opportunities for cost savings and differentiation in the production cycle. The article explains the concept of value chain, the 10 cost drivers, Porter's Five Forces, and the history of profit models.
Feb 3, 2023 · Learn how to use Porter's value chain, a model that categorizes business activities into primary and support groups, to create value for a company. Find out the key elements, benefits and examples of this model and how to apply it to your work.
