Ultimately, success in business depends on finding your competitive advantage, which is to say that which makes you superior to your competitors and is perceived as valuable by your customers. One approach for figuring that out is through value chain analysis, as developed by Michael Porter. The value chain is a sequence of activities that exist in almost every business. The question is , what value each of activity holds to the business.
Value chain analysis is a way to visually analyze a company's business activities to see how the company can create a competitive advantage for itself. Here are some Value Chain Analysis Tools to accurately perform value chain analysis effectively.
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