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This paper will attempt to present a valid argument in favor of using value chain analysis at Insert company, Inc, a medical transcription company.
What is Value Chain Analysis?
Value Chain Analysis provides a generic framework to analyze both the behavior of costs as well as the existing and potential sources of differentiation. Presented below is Michael Porter’s generic value chain model that was first introduced in 1980. This model demonstrates how value chain analysis works and what is involved in using this tool. By using this model and evaluating activities at Insert company, Inc, the value of using the value chain analysis method is idealized and thus suggested as being a part of the firm’s strategic planning process...
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