The value chain for any firm in any business is the linked set of value-creating activities all the way from basic raw material sources for component suppliers through to the ultimate end-use product delivered into the final customers’ hands.
The value-chain focus of management today is largely internal to the firm (its purchases, its processes, its functions, its products, its customers). This perspective is too narrow if considered in a strategic context.
Strategic/competitive advantage is gained through managing the entire value chain from raw material supplier to the end user.
The value-chain focus of management today is largely internal to the firm (its purchases, its processes, its functions, its products, its customers). This perspective is too narrow if considered in a strategic context.
Strategic/competitive advantage is gained through managing the entire value chain from raw material supplier to the end user.
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