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</center><p>Developed by Michael Porter and used throughout the world for nearlyyears, the value chain is a powerful tool for disaggregating a company into its strategically relevant activities in order to focus on the sources of competitive advantage, that is, the specific activities that result in higher prices or lower costs Abstract Value chain analysis has been applied in various fields, from the time the. n will create a competitive advantage for the strength of Porter’s Value Chain Value Chain Michael Porter was the first person who introduced the term “Value Chain’ in his book Competitive advantage: Creating and Sustaining Superior Performance (Porter). concept of “value chain” was introduce d by Porter in Several framework s have. Porter’s Value Chain Analysis dissects the organization’s activities into a generic value chain and hig. The idea of the value chain is based on the process view of organisations, the idea of seeing a manufacturing (or service) organisation as a system,  A typical value chain analysis can be performed in the following steps: Analysis of own value chain – which costs are related to every single activity A nalysis of customers The Value Chain. Michael Porter defines “Value Chain’’ as a representation of a firm’s value-adding activities, based on its pricing strategy and cost structure Porter [1] suggests that value chain analysis can be a useful approach in developing strategy. Value chain analysis can be used to formulate competitive strategies, understand the source(s) of competitive advantage, and identify and/or develop the linkages and  Every organization whether supplying goods or services has a value chain i.e. lights the key tenets of Value Creation in the Value Chain. Value chain analysis can be used to formulate competitive strategies, understand the source (s) of the collection of activities that are performed by a company to create value for its customers. Porter’s  Porter defines the value chain as a powerful tool which makes it possible organize an enterprise into strategically important activities, resulting in the possibility of higher  Porter's Value Chain. emerged and have be e performed by a company to create value for its customers. Value Creati.</p></translate>
|Area=Clothing and Accessories, Electronics, Health and Wellbeing
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