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A value chain is a progression of activities that a business or firm performs in order to deliver goods and services of value to an end customer.The concept comes from the field of business management and was first described by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance.
A global value chain (GVC) refers to the full range of activities that economic actors engage in to bring a product to market. [1] The global value chain does not only involve production processes, but preproduction (such as design) and postproduction processes (such as marketing and distribution).
ETFs provide multiple options for investors seeking a broader exposure to the AI value chain with reduced single-company risk. These funds offer diversification across companies and segments while ...
Chapter 4 (“The governance of global value chains,” co-authored by Gereffi, Humphrey and Sturgeon) is the top-cited GVC article with over 11,000 Google Scholar citations; chapters 2 and 3 have over 5,000 citations each; and chapters 5, 6, 8, 11 and 14 each have over 1,000 citations.
One example of a value network is that formed by social media users. The company provides a service, users contract with the company, and immediately have access to the value network of other customers. A less obvious example is a car insurance company. The Company provides insurance. Customers can travel and interact in various ways while ...
The tasks and functions of controlling may be transferred to management accounting in supply chains, supplemented by a cross-company approach. However, the past-oriented aspects of the traditional concept are inappropriate. Due to the strategic importance of supply-chain management, forward-looking control requirements must be taken into account.
On this episode of Fortune’s Leadership Next podcast, Diane Brady, executive editorial director of the Fortune CEO Initiative and Fortune Live Media, welcomes a new co-host, editorial director ...
The loophole became the “primary path” for online purchases from China into the U.S. market, the report found, and the financial implications were vast — exports of low-value packages from ...