WebAug 8, 2024 · The value chain model, also known as Porter’s value chain, is a process used to analyze the core functions of a business in order to lower costs and maximize value in every area. Michael Porter, an economist, coined the term value chain in 1985, and it has since become a common phrase and practice in the business world. WebDec 3, 2024 · The term value chain refers to the various business activities and processes involved in creating a product or performing a service. A value chain can consist of …
Porter
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