The value chain describes the full range of activities that firms and workers do to bring a product from its conception to its end use and beyond.
Every organization is comprised of processes and activities that are performed to develop, produce, sell, and distribute its products and services. These activities are the activities within an organization that create a product or services of value to the organizations customers. The activities that comprise a value chain can be contained within a single firm or divided among different firms. Value chain activities can produce goods or services, and can be contained within a single geographical location or spread over wider areas. According to Michael... View More »