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The Value Chain Is the Sequence of Business Activities in Which

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The value chain is the sequence of business activities in which usefulness is added to the products or the services within an organization.


Definitions:

Taft-Hartley Act

A U.S. law enacted in 1947 that restricts the activities and power of labor unions.

Labor Relations (Wagner) Act

A foundational statute of US labor law which guarantees the rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.

1930s

The decade from 1930 to 1939, characterized by the Great Depression worldwide, economic hardship, and in some places, political instability.

1940s

A decade in the 20th century that experienced significant global events, including World War II and the beginning of the Cold War.

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