value chain

value chain
1. Gen Mgt
the sequence of activities a company performs in order to design, produce, market, deliver, and support its product or service. The concept of the value chain was first suggested by Michael Porter in 1985, to demonstrate how value for the customer accumulates along the chain of organizational activities that make up the final customer product or service. Porter describes two different types of business activity: primary and secondary. Primary activities are concerned principally with transforming inputs, such as raw materials, into outputs, in the form of products or services, delivery, and after-sales support. Secondary activities support the primary activities and include procurement, technology development, and human resource management. All of these activities form part of the value chain and can be analyzed to assess where opportunities for competitive advantage may lie. To survive competition and supply what customers want to buy, the firm has to ensure that all value chain activities link together, even if some of the activities take place outside the organization.
2. HR
the most traditional approach to exploring career prospects, which involves identifying the next, most obvious, move in a career path. The next step is usually assumed to be the role occupied by a manager.

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  • value chain — ➔ chain * * * value chain UK US noun [C] PRODUCTION, ECONOMICS ► the series of stages involved in producing a product or service that is sold to consumers, with each stage adding to the value to the product or service: »We want recycled materials …   Financial and business terms

  • value chain — UK US noun [countable] [singular value chain plural value chains] business the series of activities that a company carries out as it designs, makes, sells, and delivers a product or service, with each activity adding value …   Useful english dictionary

  • 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 .A… …   Wikipedia

  • value chain — The chain of activities by which a good or service is produced, distributed, and marketed. Each step of the chain (which may consist of the activities of one company or of several) creates different amounts of value for the consumer. There are… …   Big dictionary of business and management

  • value chain — The chain of activities by which a good or service is produced, distributed, and marketed. Each step of the chain (which may consist of the activities of one company or of several) creates different amounts of value for the consumer. The… …   Accounting dictionary

  • value chain — UK / US noun [countable] Word forms value chain : singular value chain plural value chains business the series of activities that a company carries out as it designs, makes, sells, and delivers a product or service, with each activity adding… …   English dictionary

  • Value Chain — Das von Michael E. Porter entwickelte Konzept der Wertkette (Value Chain) ermöglicht es, die strategisch relevanten Tätigkeiten eines Unternehmens systematisch zu erfassen. Diese Tätigkeiten bilden den Fokus beim Aufbau von Wettbewerbsvorteilen.… …   Deutsch Wikipedia

  • Value Chain — A high level model of how businesses receive raw materials as input, add value to the raw materials through various processes, and sell finished products to customers. Value chain analysis looks at every step a business goes through, from raw… …   Investment dictionary

  • value chain — n. As I find it impossible to define value chain without sullying myself with the very thing that I abhor most [jargon, for those of you keeping score], I ve chosen to borrow from another site a definition so preposterous that I just had to… …   Business English jargon and slang

  • value chain — / vælju: tʃeɪn/ noun 1. the sequence of activities a company carries out as it designs, produces, markets, delivers, and supports its product or service, each of which is thought of as adding value 2. the pattern that people traditionally have in …   Marketing dictionary in english

  • Value Chain — ⇡ Wettbewerbsstrategie …   Lexikon der Economics

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