A value chain is a series of activities that a company performs to deliver a valuable product or service to the market, enhancing its competitive advantage. By analyzing each step in the chain, businesses can identify areas for improvement, cost reduction, and differentiation.

Value Chain

value chain

activities

valuable product

Valuable service

market

Competitive advantage is the attribute that allows an organization to outperform its competitors, achieved through unique resources, capabilities, or positioning. It is essential for long-term success and can be sustained through continuous innovation, strategic planning, and leveraging core competencies.

competitive advantage

analyzing each step

areas for improvement

Cost reduction involves strategies and actions aimed at decreasing a company's expenses to improve profitability without compromising product quality or performance. It requires a thorough analysis of all business operations to identify inefficiencies and implement more cost-effective processes.

cost reduction

Differentiation is a mathematical process used to determine the rate at which a function is changing at any given point, providing insights into the behavior and properties of the function. It is fundamental in calculus and has applications across various fields such as physics, engineering, and economics, where understanding change and motion is crucial.

CUSTOMIZE YOUR LEARNING

CUSTOMIZE YOUR LEARNING

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