Difference between revisions of "Value chain"
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A [[value chain]] is the entire series of organizational work activities that add value to each step from raw materials to finished product. | A [[value chain]] is the entire series of organizational work activities that add value to each step from raw materials to finished product. | ||
| − | == | + | ==Definitions== |
According to [[Management by Robbins and Coulter (14th edition)]], | According to [[Management by Robbins and Coulter (14th edition)]], | ||
:[[Value chain]]. The entire series of organizational work activities that add value to each step from raw materials to finished product. | :[[Value chain]]. The entire series of organizational work activities that add value to each step from raw materials to finished product. | ||
According to [[Marketing Management by Keller and Kotler (15th edition)]], | According to [[Marketing Management by Keller and Kotler (15th edition)]], | ||
:[[Value chain]]. A tool for identifying ways to create more customer value. | :[[Value chain]]. A tool for identifying ways to create more customer value. | ||
| + | According to [[Managing Quality by Foster (6th edition)]], | ||
| + | :[[Value chain]]. A concept developed by Michael Porter that decomposes a firm into its core activities. | ||
| − | [[Category:Marketing Management]][[Category: Management]][[Category: Articles]] | + | |
| + | [[Category:Marketing Management]][[Category: Quality Management]][[Category: Management]][[Category: Articles]] | ||
Revision as of 22:18, 7 June 2020
A value chain is the entire series of organizational work activities that add value to each step from raw materials to finished product.
Definitions
According to Management by Robbins and Coulter (14th edition),
- Value chain. The entire series of organizational work activities that add value to each step from raw materials to finished product.
According to Marketing Management by Keller and Kotler (15th edition),
- Value chain. A tool for identifying ways to create more customer value.
According to Managing Quality by Foster (6th edition),
- Value chain. A concept developed by Michael Porter that decomposes a firm into its core activities.
