value chain

The chain of activities by which a good or service is produced, distributed, and marketed. Each step of the chain (which may consist of the activities of one company or of several) creates different amounts of value for the consumer. The principle underlying the value-chain concept is that a company should examine its costs and performance at each stage and decide, among other things, whether it is best to carry out a particular stage in house or externally. The value chain can provide the basis for a strategic analysis in terms of the search for competitive advantage.

Accounting dictionary. 2014.

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  • Value chain — The value chain, also known as value chain analysis, is a concept from business management that was first described and popularized by Michael Porter in his 1985 best seller, Competitive Advantage: Creating and Sustaining Superior Performance .A… …   Wikipedia

  • value chain — The chain of activities by which a good or service is produced, distributed, and marketed. Each step of the chain (which may consist of the activities of one company or of several) creates different amounts of value for the consumer. There are… …   Big dictionary of business and management

  • value chain — 1. Gen Mgt the sequence of activities a company performs in order to design, produce, market, deliver, and support its product or service. The concept of the value chain was first suggested by Michael Porter in 1985, to demonstrate how value for… …   The ultimate business dictionary

  • value chain — UK / US noun [countable] Word forms value chain : singular value chain plural value chains business the series of activities that a company carries out as it designs, makes, sells, and delivers a product or service, with each activity adding… …   English dictionary

  • Value Chain — Das von Michael E. Porter entwickelte Konzept der Wertkette (Value Chain) ermöglicht es, die strategisch relevanten Tätigkeiten eines Unternehmens systematisch zu erfassen. Diese Tätigkeiten bilden den Fokus beim Aufbau von Wettbewerbsvorteilen.… …   Deutsch Wikipedia

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  • value chain — n. As I find it impossible to define value chain without sullying myself with the very thing that I abhor most [jargon, for those of you keeping score], I ve chosen to borrow from another site a definition so preposterous that I just had to… …   Business English jargon and slang

  • value chain — / vælju: tʃeɪn/ noun 1. the sequence of activities a company carries out as it designs, produces, markets, delivers, and supports its product or service, each of which is thought of as adding value 2. the pattern that people traditionally have in …   Marketing dictionary in english

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