Understanding the Value Chain in Business

Operations and Value Chain

It is important that the operations within the organization are part of the value chain. This is done to ensure that every single employee in that company understands that responsibilities that their job contribute to the strategic development of the company. It also means that there is a performance management network that is based on the value chain as well as the priorities that are routinely set by senior executives within the organization.

The Value Chain on a Firm Level