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Value chain analysis is the process of studying the chain of activities that a firm engages in to deliver a valuable product or service to the market. Michael Porter made this analysis very popular with his book, Competitive Advantage (1985) as a management tool and it is a method used for strategic planning. Value chain analysis has now extended well beyond individual firms into a range of industries, including the development sector as a way of analyzing poverty reduction strategies. | Value chain analysis is the process of studying the chain of activities that a firm engages in to deliver a valuable product or service to the market. Michael Porter made this analysis very popular with his book, Competitive Advantage (1985) as a management tool and it is a method used for strategic planning. Value chain analysis has now extended well beyond individual firms into a range of industries, including the development sector as a way of analyzing poverty reduction strategies. | ||
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[[Category:The Cultural Diplomacy Dictionary]] | [[Category:The Cultural Diplomacy Dictionary]] | ||
