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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.
Strategy consultants occasionally use Porter's five forces framework when making a qualitative evaluation of a firm's strategic position. However, for most consultants, the framework is only a starting point and value chain analysis or another type of analysis may be used in conjunction with this model. [13]
Porter introduced the concept of value chain analysis in his 1985 book, Competitive Advantage: Creating and Sustaining Superior Performance. The value chain comprises each of the activities, from design through distribution, that a company performs to produce a product; these activities are viewed as the “basic units of competitive advantage".
Porter wrote in 1980 that strategy targets either cost leadership, differentiation, or focus. [1] These are known as his three generic strategies, which can be applied to any size or form of business. Porter claimed that a company must only choose one of the three or risk that the business would waste precious resources.
An agricultural value chain is the integrated range of ... in a book published in 1985 by Michael Porter, [1] ... and the institutional framework. ...
Porter revised the strategy paradigm again in 1985, writing that superior performance of the processes and activities performed by organizations as part of their value chain is the foundation of competitive advantage, thereby outlining a process view of strategy. [34]
The researchers thought London et al.'s focus on producers similar to the broader development of inclusive business models incorporated by UNDP (2008) [21] and in Porter and Kramer [30] with a greater focus on value chain development as opposed to product innovation.
The framework consists of three value configurations, which are an extension of the value chain model developed by Michael Porter: the value chain (transformation of inputs in products), the value shop (solving customer problems), and; the value network (linking customers). These configurations overcome some of the issues with the traditional ...