Definitions for value chain
val·ue cha·in

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1. Value chain

   A value chain is a progression of activities that a firm operating in a specific industry performs in order to deliver a valuable product (i.e., good and/or service) to the end customer. The concept comes through business management and was first described by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance. The idea of the value chain is based on the process view of organizations, the idea of seeing a manufacturing (or service) organization as a system, made up of subsystems each with inputs, transformation processes and outputs. Inputs, transformation processes, and outputs involve the acquisition and consumption of resources – money, labour, materials, equipment, buildings, land, administration and management. How value chain activities are carried out determines costs and affects profits. The concept of value chains as decision support tools, was added onto the competitive strategies paradigm developed by Porter as early as 1979. In Porter's value chains, Inbound Logistics, Operations, Outbound Logistics, Marketing and Sales, and Service are categorized as primary activities. Secondary activities include Procurement, Human Resource management, Technological Development and Infrastructure (Porter 1985, pp. 11–15).According to the OECD Secretary-General (Gurría 2012) the emergence of global value chains (GVCs) in the late 1990s provided a catalyst for accelerated change in the landscape of international investment and trade, with major, far-reaching consequences on governments as well as enterprises (Gurría 2012).

WikidataRate this definition:0.0 / 0 votes

1. Value chain

   A value chain is a chain of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market. The concept comes from business management and was first described and popularized by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance.

Editors ContributionRate this definition:0.0 / 0 votes

1. value chain

   delivering value is the outcome of a range of activities grouped into business processes and the business processes (links) follow a chain of events that form a value chain

   typically the outcome is as good as the weakest link in the change

   
   

   Submitted by Dr Niel on March 11, 2014  

How to pronounce value chain?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

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   Fred

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   Tessa

   South African

How to say value chain in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of value chain in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of value chain in Pythagorean Numerology is: 6

Examples of value chain in a Sentence

1. Dominic Mellor:

   There needs to be a change in mindsets and reassessment of the government's role, with targeted business development support, it needs to move away from blanket subsidies towards targeted subsidies for industries and businesses able to compete and integrate into the global value chain.

2. Ajaita Shah:

   We learned that while the customer — the person paying for the product — was a man, the person using the product was a woman, in fact, 70 % of our users were women and that is when we realized that in order to properly serve the right households needs, women had to be at the center of that value chain.

3. Michael Felice:

   Temu might be exposing a white space in the market wherein brands have been producing at extreme low cost, and along the value chain there’s been so much bloated cost passed on for margin, that said, American consumers might not even be ready to accept some of these price points … There’s always the question, ‘is it too cheap to be good?’.

4. The APEAM:

   The APEAM is actively participating in coordination with the authorities of both countries to resolve the problem in order to reinforce internal practices and processes that guarantee the traceability of the fruit. The facts mentioned here have already impacted the economy of the entire program, affecting the industry and the more than 300,000 jobs that depend on it. We encourage all those actors in this value chain to take extreme care and vigilance to preserve such an important export program.

5. Tim Crockford:

   The attraction of the industry decreases as you move further down the value chain. Things like battery manufacturers and the battery pack assemblers, it's much more fragmented market with lower barriers to entry.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Value_Chain
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=value chain