Question
The strength of Porter's Value Chain Analysis Model lies in its focus on customer-centric systems and activities. Unlike other models that may be more concerned with general business categories, Porter's model emphasizes the importance of creating value that directly benefits the customer. This approach allows businesses to identify areas for improvement, boost efficiency, and increase profit margins, thereby gaining a competitive edge.
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This slide will help you explain the main difference between the value chain and supply chain to your team. The difference is that the supply chain covers activities around the physical product or service, but the value chain covers information flows. Employ Porter's Five Forces tool to analyze competitive market forces and define new opportunities and identify potential risks. These include current competition within the industry, emerging market entrants and customer bargaining. With this slide, utilize Porter's Value Chain Analysis Model.The model's strength lays in the fact that it concentrates mainly on customer-centric systems and activities, intead of being concerned with general business categories.
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