BUSINESS STRATEGY & VALUE CHAIN ANALYSISAs a company strives to create strategies that will increase revenue, they study the processes that affect their production.
BUSINESS STRATEGY & VALUE CHAIN ANALYSISDeciphering the ways that a company adds value – transforming business inputs into outputs by optimizing the value chain is a fundamental strategy to increase profits.
BUSINESS STRATEGY & VALUE CHAIN ANALYSISOne method used by companies is the Porter’s Generic Value Chain. Knowing how a company can optimize the processes within its value chain, as well as understanding how to increase the efficiency of the production process overall is essential in developing a competitive strategy.
BUSINESS STRATEGY & VALUE CHAIN ANALYSIS
VALUE CHAIN ANALYSISValue Chain Analysis describes the activities that take place in a business and relates them to an analysis of the competitive strength of the business.