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What does Michael Porter mean by the term "Value Chain"?
in Business by Diamond (78,454 points) | 35 views

1 Answer

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The Value Chain concept, first described by Dr. Michael Porter in 1985, is a series of actions that a firm — in a specific industry — accomplishes to produce a valuable product or service for the market. The value chain notion visualizes the process view of an organization, perceiving a manufacturing or service organization as a system comprised of subsystems of inputs, transformation processes, and outputs.

Read more on: https://mark-bridges.medium.com/how-to-use-the-porters-value-chain-in-identifying-cost-savings-and-differentiation-opportunities-c728cdb0501c
by Diamond (78,454 points)

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