What Is a Value Chain

question 47

Essay

What is a value chain?

---

Definitions:

Performance

The level at which an individual, device, system, or component accomplishes its designated functions.

Means-Ends Chain

A conceptual framework that links desired outcomes (ends) with the actions or resources (means) required to achieve them.

Higher-Level Objectives

Goals set at a strategic level that aim to achieve broader organizational visions and long-term success.

Lower-Level Objectives

Specific, measurable goals set at a lower hierarchy within an organization, aimed at supporting higher-level strategic objectives.