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The Value chaIn Harvard’s Michael Porter has proposed the value chain as a tool for identifying ways to create more customer value.3 According to this model, every firm is a synthesis of activities performed to design, produce, market, deliver, and support its product. Nine strategically relevant activities—five primary and four support activities— create value and cost in a specific business. The primary activities are (1) inbound logistics, or bringing materials into the business; (2) operatio
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SOLVED: A resource-based strategy Multiple choice question. focuses on efficient execution of both primary and supporting components of the company's value chain. targets areas of potential cost-reduction in the company. can be achieved by exploiting resources that are competitively valuable, rare, and hard to imitate by rivals. will only be effective it if overcomes all weaknesses identified through a SWOT analysis.
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