The Value Chain

After you read this section, think about the role of the value chain in strategic management. How does the use of a value chain impact the distribution of goods in the marketplace? Also, consider the future of value chains as a strategy for business managers after the global pandemic of 2020.

Learning Objectives

  1. Define the primary activities of the value chain.
  2. Know the different support activities within the value chain.
  3. Be able to apply the value chain to an organization of your choosing.
  4. Understand the difference between a value chain and supply chain.


Figure 4.10 Adding Value within a Value Chain

figure 4.10

Source: Saylor Academy, https://saylordotorg.github.io/text_mastering-strategic-management/s08-03-value-chain.html
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