According to businessnewsdaily.com “The value chain analysis involves identifying each part of the value chain and seeing where improvements can be made either from a production standpoint or a cost perspective to ensure consumers are getting the most bang for their buck. When consumers are getting the most out of a product for the cheapest cost, businesses will benefit in the long run.”
So, how do businesses decide what improvements add real value to their services? This is where value chain analysis comes into picture. Managers rely on time-tested value chain models such as Porter’s Value Chain Model to arrive at an appropriate product/service enhancement process. Busy professionals can take advantage of ready-to-use value chain PowerPoint template to put together a quick presentation.