The value chain from competitive advantage, by michael porter every firm is a collection of activities that are performed to design , produce, market, deliver. Explain the concept of michael porter s value chain management related specifically for the smart chips company value chain and globalization introduction the process of corporate life is always a sea change and sometimes there are high tides and sometimes are quiet times day to day companies are faced with new challenges, whether it be a consolidated organization or a small business just.
The person most accredited for mounting and articulating the value chain thought is michael porter in his 1985 book, competitive advantage porter's value chain and information system we add the notion of information chains the information-chain concept parallels that of the value chain in fact, for every component of the value chain. Start studying management 31 - 3 8 learn vocabulary, terms, and more with flashcards, games, and other study tools explain value chain 1 linked set of value creating activities 2 it begins with raw material what are the elements of porter's value chain concept 1 value activities and profit margin 12 primary activities.
Porter's value chain the idea of the value chain is based on the process view of organisations, the idea of seeing a manufacturing (or service) organisation as a system, made up of subsystems each with inputs, transformation processes and outputs.
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. Michael porter’s value chain concept is one of the most valued concept in today’s market because the value chain tells us how we can differentiate our products by analyzing the chain of events which occur within our company as differentiation is very important in today’s saturated market, naturally porter’s value chain is being referred in a lot of management studies.
The value chain as an operations reference model antonie van rensburg1 abstract: the concept of the value chain was made popular by harvard university’s professor michael porter the porter value chain has been widely adopted by the business community as a mechanism to understand and comprehend. The value chain also known as porter’s value chain analysis is a business management concept that was developed by michael porter in his book competitive advantage (1985), michael porter explains value chain analysis that a value chain is a collection of activities that are performed by a company to create value for its customers.
The part of the value chain that is most important to the company and the point where ist core competencies lie 2 usually the point at which the company started 3.