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A value chain is a progression of activities that a business or firm performs in order to deliver goods and services of value to an end customer.The concept comes from the field of business management and was first described by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance.
Until the end of its physical retail presence in 2019 [1] it was best known for its brick and mortar LifeWay Christian Stores, one of the two major American retailers of Christian books and products (the other being Mardel Christian & Education). Lifeway produces curriculums and Bible studies used in Sunday schools and other church functions.
Family Christian (formerly called Zondervan Book Store, Family Book Stores, and Family Christian Stores), headquartered in Grand Rapids, Michigan is a Christian themed web retailer. [1] Originally a retail chain, by 2008, it was the world's largest Christian focused retailer. [ 2 ]
Fjeldstad and Stabell define a value network as one of three ways by which an organisation generates value. [3] The others are the value shop and value chain. Their value networks consist of the following components: customers, a service that enables interaction among them, an organization to provide the service, and
In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable. Supply chains link value chains. [6] Suppliers in a supply chain are often ranked by "tier", with first-tier suppliers supplying directly to the client, second-tier suppliers supplying to the first tier, and so on. [7]
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Analysing the firm's activities as a linked chain is a tried and tested way of revealing value creation opportunities. The business economist Michael Porter of Harvard Business School pioneered a value chain approach: "the value chain disaggregates the firm into its strategically relevant activities in order to understand the costs and existing potential sources of differentiation". [3]
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