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Set of activities that a firm performs to deliver a valuable product
Part of a series on
Strategy
Major dimensions
Strategy • Strategic management
Military strategy
Strategic planning • Game theory
Strategic studies • Strategic thinking
Major thinkers
Michael Porter • Rita Gunther McGrath
Bruce Henderson • Gary Hamel
Candace A. Yano • C. K. Prahalad
Jim Collins • Liddell Hart
Carl von Clausewitz • Sun Tzu
Julian Corbett • Alfred Thayer Mahan
J.C. Wylie • Adrian Slywotzky
Sharon Oster • Chris Zook
Henry Mintzberg
Concepts
Business model • Competitive advantage
Value chain • Performance effects
Core competency • Generic strategies
Mission statement
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SWOT • Five forces
Balanced scorecard • Ansoff matrix
OGSM • Managerial grid model
PEST analysis • Growth–share matrix
STP • MECE principle
Business Model Canvas • Kraljic matrix
Strategic Grid Model • Strategy map • VRIO
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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.[1]
The idea of [Porter's 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.
— Institute for Manufacturing (IfM), Cambridge.[2]
According to the OECD Secretary-General (Gurría 2012) harv error: no target: CITEREFGurría2012 (help),[3] 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) harv error: no target: CITEREFGurría2012 (help).[3]
^Porter, Michael E. (1985). Competitive Advantage: Creating and Sustaining Superior Performance. New York.: Simon and Schuster. ISBN 9781416595847. Retrieved 9 September 2013.
^"Decision Support Tools: Porter's Value Chain". Cambridge University: Institute for Manufacturing (IfM). Archived from the original on 29 October 2013. Retrieved 9 September 2013.
^ abAngel Gurría (5 November 2012). The Emergence of Global Value Chains: What Do They Mean for Business. G20 Trade and Investment Promotion Summit. Mexico City: OECD. Retrieved 7 September 2013.
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