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Preferred term

value chains  

Definition

  • The concept of the value chain is a heuristic for analyzing the activities within and around a firm that together create a product or service. On this basis, each activity is evaluated with regard to the value it adds to creating the product or service and the cost it incurs. [Source: International Encyclopedia of Organization Studies; Value Chains]

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URI

https://concepts.sagepub.com/social-science/concept/value_chains

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