Value Chain | Vibepedia

The value chain is a sequence of activities that an organization performs to design, produce, market, deliver, and support goods or services for customers. Introduced by Michael Porter in 1985, the concept has been extended to industry, national, and global levels, where interconnected production networks, often referred to as global value chains (GVCs), shape the global economy. Companies like Apple, Amazon, and Google have successfully applied value chain analysis to achieve competitive advantage, while researchers like Gary Hamel and C.K. Prahalad have built upon Porter's work to explore new aspects of the value chain.