Business value chain

Business value chain
Business value chain diagram. This is one of the top business frameworks helping clients improve on their approach to strategy, project management, IT, HR, internal processes and client experience.

See below image for the Business value chain diagram. A value chain is a business model that describes all of the activities that a business employs to create a product or service.

By either improving value or decreasing costs based on your company’s value chain, you create a competitive advantage in the market. The value chain framework enables your company to understand and analyze where cost efficiency is good or poor within the organization. When you look at your company’s value chain analytically, you can:

With so many activities and suppliers involved, the value chain has many facets. A value chain documents, in detail, the various steps a business goes through to bring a product or service to the customer. The chain covers the activities, workers, and outsourced firms employed in bringing a product from concept to distribution.