Difference between revisions of "Value chain"
| Line 8: | Line 8: | ||
According to [[Managing Quality by Foster (6th edition)]], | According to [[Managing Quality by Foster (6th edition)]], | ||
:[[Value chain]]. A concept developed by Michael Porter that decomposes a firm into its core activities. | :[[Value chain]]. A concept developed by Michael Porter that decomposes a firm into its core activities. | ||
| + | According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | ||
| + | :[[Value chain]]. The sequence of business functions in which customer usefulness is added to products or services of a company. | ||
| − | [[Category:Marketing Management]][[Category: Quality Management]][[Category: Management]][[Category: Articles]] | + | [[Category:Marketing Management]][[Category: Quality Management]][[Category: Management]][[Category: Articles]] [[Category: Accounting]] |
Revision as of 15:10, 11 July 2020
A value chain is the entire series of organizational work activities that add value to each step from raw materials to finished product.
Definitions
According to Management by Robbins and Coulter (14th edition),
- Value chain. The entire series of organizational work activities that add value to each step from raw materials to finished product.
According to Marketing Management by Keller and Kotler (15th edition),
- Value chain. A tool for identifying ways to create more customer value.
According to Managing Quality by Foster (6th edition),
- Value chain. A concept developed by Michael Porter that decomposes a firm into its core activities.
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Value chain. The sequence of business functions in which customer usefulness is added to products or services of a company.
