Question

Explain the Value Chain Approach in brief

Answer 1

Answer:

heyan.

here is ur answer

Definition. is a process where a firm identifies its primary and support activities that add value to its final product and then analyze these activities to reduce costs or increase differentiation. represents the internal activities a firm engages in when transforming inputs into outputs.

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Answer 2

Explanation:

Value chain analysis (VCA) is a process where a firm identifies its primary and support activities that add value to its final product and then analyze these activities to reduce costs or increase differentiation.Value chain represents the internal activities a firm engages in when transforming inputs into outputs.

M. Porter introduced the generic value chain model in 1985.

Value chain represents all the internal activities a firm engages in to produce goods and services. VC is formed of primary activities that add value to the final product directly and support activities that add value indirectly.