The Value Chain
Completion requirements
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
- Define the primary activities of the value chain.
- Know the different support activities within the value chain.
- Be able to apply the value chain to an organization of your choosing.
- Understand the difference between a value chain and supply chain.
Figure 4.10 Adding Value within a Value Chain
Source: Saylor Academy, https://saylordotorg.github.io/text_mastering-strategic-management/s08-03-value-chain.html
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