Tag Archives | Value Chain

TDC Matrix

The Time Distance Complexity Matrix (TDC Matrix) is a business framework created by Ben Tiggelaar. It helps assess the value or influence of information and communication technology (ICT) and the internet as a general concept. It is used throughout the strategy development process, for example vision, mission, strategic analysis and implementation etc. The framework is [...]

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Vertical Integration

In microeconomics and management, the term vertical integration describes a style of management control. Vertically integrated companies in a supply chain are united through a common owner. Usually each member of the supply chain produces a different product or (market-specific) service, and the products combine to satisfy a common need. It is contrasted with horizontal [...]

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Value Chain

A Value Chain is a chain of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market. The concept comes from business management and was first described and popularized by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance.  [...]

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Value Stream Mapping

Value Stream Mapping (VSM) is a lean manufacturing technique used to analyze and design the flow of materials and information required to bring a product or service to a consumer. It is a visualization tool oriented to the Toyota version of Lean Manufacturing (Toyota Production System). At Toyota, it is known as “material and information [...]

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