What is it?
Practice
According to CIMA Official Terminology, the value chain is a sequence of business activities by which, in the perspective of the end-user, value is added to (or costs incurred by) the products or services produced by an entity.
Value chain analysis is based on the principle that organisations exist to create value for their customers. In the analysis, the organisation’s activities are divided into separate sets of activities that add value.
The organisation can more effectively