The Value Chain. Developed by Michael Porter and used throughout the world for nearly 30 years, the value chain is a powerful tool for disaggregating a company into its strategically relevant activities in order to focus on the sources of competitive advantage, that is, the specific activities that result in higher prices or lower costs. A company's value chain is typically part of a larger. Michael Porter's Value Chain Analysis can get complicated; particularly when applying the concept to services businesses. Watch this video for a straightforw.. The concept of Value Chain was introduced by Michael E. Porter of Harvard Business School. Value chain covers the entire range of activities included in the process of bringing a product to the market and to the customer. Beginning from the process of obtaining raw materials to the final sale of the product, there are several steps involved in it. All of these activities add value to the. Michael Porter discusses value chain analysis from multiple angles in his book. However, there are a few essential components to be aware of when beginning to understand value chain analysis Wertschöpfungskette nach Porter. Die Wertschöpfungskette ist ein Managementkonzept des Ökonom Michael E. Porter, welches es ermöglicht, ein Unternehmen in einzelne Bereiche aufzuteilen, um sie näher zu durchleuchten. Durch die Abbildung der einzelnen Unternehmensbereiche kann die Wertschöpfungskette einen Überblick über die verschiedenen Aktivitäten schaffen
The value chain analysis sometimes refers to Porter's value chain analysis model is a well-known business management tool developed by Michael Porter in 1985 in his all-time influential book Competitive Advantage. In his book, Porter first time introduced value creation concept. According to Michael Porter, value chain consists all those activities an organization performs t Die Wertkette bzw.Wertschöpfungskette (englisch Value Chain) stellt die Stufen der Produktion als eine geordnete Reihung von Tätigkeiten dar.Diese Tätigkeiten schaffen Werte, verbrauchen Ressourcen und sind in Prozessen miteinander verbunden. Das Konzept wurde erstmals 1985 von Michael E. Porter in seinem Buch Competitive Advantage veröffentlicht: Jedes Unternehmen ist eine Ansammlung. Michael Porter's Value chain concept is one of the most valued concept in today's market because the Value chain tells us how we can differentiate our products by analyzing the chain of events which occur within our company. As differentiation is very important in today's saturated market, naturally Porter's Value chain is being referred in a lot of management studies Michael Porter's Value Chain . Given the importance of the value chain, Michael Porter developed a strategic management tool for analyzing a company's value chain
2. Redefining Value Chain Productivity. The second shared value strategy requires a company (or its suppliers) to increase its productivity through the addressing of the environmental and social constraints in its value chains. Example: Walmart improved delivery logistics and reduced packaging. As a direct result, the company saved more than. Porter's Five Forces is a good starting point to evaluate an industry but should not be used in isolation. You could for example combine it with a Value Chain Analysis or through the VRIO Framework in order to get a better sense of where your company's competitive advantage is coming from and to better position your company between the rivals A value chain is a sequence of activities that each adds value to a product, service or experience. Any activity that generates more valuable outputs than the cost of its inputs can be part of a value chain. Value chains are used to model economics at the level of an industry or firm. Any business model that is not part of a value chain can be considered rent seeking as it adds no value Prof. Porter emphasized that profit involving shared value enables society to advance and companies to grow faster. When corporates incorporate societal issues into strategy and operations major transformations take place. He gave examples of the Fortune 500 companies 'change the world list of 2016'
Porter's Value Chain . The idea of the value chain is based on the process view of organisations, the idea of seeing a manufacturing (or service) organisation as a system, made up of subsystems each with inputs, transformation processes and outputs. Inputs, transformation processes, and outputs involve the acquisition and consumption of resources - money, labour, materials, equipment. The value chain also known as Porter's Value Chain Analysis is a business management concept that was developed by Michael Porter. In his book Competitive Advantage (1985), Michael Porter explains that a value chain is a collection of activities that are performed by a company to create value for its customers. Value Creation creates added value which leads to competitive advantage. Ultimately. Buy our app and get access to the models. You can place your own content in the model and use it for your assignments. You can use it in your teaching or pre.. According to Michael Porter value is the chain of activities for a company that operates in a specific industry. For gaining the competitive advantages, Porter suggested that going through the chain of organization activities will add more value to the product and services than the sum of added cost of these activities. And thus, the company will gain marginal value for that product or service. And in 1985, Michael Porter introduced a value chain that expanded Leontief's input/output model by emphasizing links between primary and support business activities. Porter's value chain is a framework for developing an analytic structure that follows interdependent activities from raw material acquisition or idea through production and finally, into the hands of a customer. This model is.
Porter's Five Forces Framework is a method for analyzing competition of a business. It draws from industrial organization (IO) economics to derive five forces that determine the competitive intensity and, therefore, the attractiveness (or lack thereof) of an industry in terms of its profitability. An unattractive industry is one in which the effect of these five forces reduces overall. . Finde Great Deals! Riesenauswahl an Markenqualität. Folge Deiner Leidenschaft bei eBay
The term value chain analysis was first coined in 1985 by Michael Porter, a Harvard Business School professor. His book Competitive Advantage introduced the basic concept of value chain analysis, outlining how businesses can identify primary and supporting activities and create value for their customers. Porter's argument was that if the value a company was offering its customers. The theory was originally pointed out by Michael Porter who studied the differences between primary factors and supportive aspects in terms of business management. The Importance of Value Chain Analysis Generally, the main purpose of VCA is to be cost-effective, increase differentiation and improve competitive advantage. For example, if a firm competes through cost advantage, it will run at. Using the concept of the industry value chain analysis is an important part of gaining an appreciation for the wider competitive factors that can impact on your business.. Background To The Industry Value Chain Or Value System. The idea of the value chain was introduced in the classic strategy book Competitive Advantage by Michael Porter as a way to understand and develop competitive advantage If you are preparing a Marketing Plan or Business Strategy for your organization and need the popular Porter's Value Chain Diagram in your PowerPoint slides, then here we will show you how to design a simple but nice enoguh Value Chain Diagram using Shapes. Shapes are a powerful feature in PowerPoint that enables us to design complex and simple diagrams for your presentations. This tutorial.
Die Wertekette (Porters Value Chain) Der Begriff der Value Chain wurde von Michael Porter in seinem Buch Competitive Advantage: Creating and Sustaining superior Performance (1985) geprägt. Diese Analyse der Wertekette oder Wertschöpfungskette beschreibt die Aktivitäten der Unternehmung und bringt sie mit der Analyse der Wettbewerbsstärke des Unternehmens in Verbindung. Kerngedanke ist. . He is credited for creating great works, Porter's Five Forces Analysis, Competitive Strategy, National Diamond and Value Chain. The Value chain Template in PowerPoint format includes three slides
Fit Across the Value Chain. Strategy involves creating fit among a company's activities. Fit has to do with how the activities in the value chain interact and reinforce one another. Fit drives both competitive advantage and sustainability: when activities mutually reinforce each other, competitors can't easily imitate them The Michael Porter, who popularized the concept of value chain, defined as a form of analysis of business whereby Heineken is broken down into its constituent parts, seeking to identify sources of competitive advantage in those activities that generate value. A deep immersion in each of the activities of Heineken referred to by Porter, identifies how the company status is and what are the. Most existing big organizations — the 800-pound gorillas — subscribe to Michael Porter's value chain framework. As I mentioned in the first part of this series, this model optimizes for efficient delivery of a known thing. Organizationally it means Z follows Y, which follows X. It carries with it one fundamental assumption: that customers are tangential to the process. There is no. Michael Porter's Big Ideas: Porter's Five Forces Analysis. Porter's Five Forces Framework is a tool for analyzing the competition of a business. It draws from economics to derive five forces that determine the competitive intensity and, therefore, the attractiveness of an industry in terms of its profitability The Value Chain . From . Competitive Advantage, by Michael Porter . Every firm is a collection of activities that are performed to design , produce, market, deliver, and support its product. All these activities can be represented using a value chain. A firm's value chain and the way it performs individual activities are a reflection of its history, its strategy, its approach to implementing.
Defining a Value Chain for a Bank Dating all the way back to the 1970s my colleagues at BPTrends and BPTrends Associates and I have been doing process work with banks. Banks present some interesting business process architecture questions - especially when you begin by trying to define the bank's value chains. In the 1970s, most banks were organized by department - generally around. Porter's Theory of Value Chain. To better understand the activities through which a firm develops a competitive advantage and creates shareholder value, it is useful to separate the business system into a series of value-generating activities referred to as the value chain. In his 1985 book Competitive Advantage, Michael Porter introduced a generic value chain model that comprises a sequence. Porter's major works can be identified as, Porter's five forces analysis, Cluster management, value chain analysis, generic strategy, Diamond Framework, etc. His domain of work includes very diverse and wide areas of strategic management, as a writer he has authored/co-authored and edited more than17 books. In addition to this, he has made contribution through 100 articles, and has acted. Value Chain Analysis Templates - Start from Porter's Theory The value chain analysis template below shows the very basic model of the Porter's value chain analysis process. The Supportive Activities are formed by four key factors like technology aspects, and the Primary Activities has a series of sub-categories such as branding, engagements, storing and so on
Examples for Michael Porter's Three Generic Strategies . . SlideShare Explore Search You. Upload; Login; Signup; Submit Search. Home In order to apply a cost leadership strategy successfully, a company must ensure that its total costs of its whole value chain are lower than competitors'. There are two ways to accomplish it. (1) Value chain activities are more efficiently than rivals. Value Chain Analysis is mentioned extensively in the first half of the book Competitive Advantage in 1985 by Michael Porter. Porter suggested that activities within an organisation add value to the service and products that the organisation produces, and all these activities should be run at optimum level if the organisation is to gain any real competitive advantage. Competitive Advantage is. Porter's Value Chain Michael Porter proposed the Value Chain framework in his book Competitive Advantage: Creating and Sustaining Superior Performance. The Value Chain describes a set of. Michael Porter's Value Chain framework. Now that we've unpacked the simple idea of a value chain, it's worth exploring where the term came from. Originally, the concept of a value chain was. Porter's Value Chain - Does it serve the service industry? Published on November 4, 2015 November 4, 2015 • 168 Likes • 21 Comment
. Value Chain analysis is a process to analyze business activities to understand how business can add value to its products with the motive to create profit margin and competitive advantage for itself. Porter's Value Chain Model. Basic Concepts of Value Chain Analysis. Most organizations engage in many activities. One of the slides on display, was Michael Porter's Value Chain and I feel that when discussing making value this is the ideal mechanism. For example, potential customers may be willing to pay a £3,000 premium for driverless cars. If a motoring firm can implement this for under this figure it will be worthwhile. I believe that the Value Chain is also appropriate to local health economies. This presentation draws on The Strategy That Will Fix Health Care, by Michael E. Porter and Thomas H. Lee published in Harvard Business Review October 2013;Redefining German Health Care (with Clemens Guth), Springer Press, February 2012; Redefining Health Care: Creating Value-Base
Value Chain Analysis is used to evaluate the activities within and around the organization and relating to its ability to provide value for money, goods, and services. The concept of Value Chain Analysis was first evolved by Michael Porter in 1985 in his renowned book Competitive Advantage. In his opinion, two major steps involved in the. Once you've looked over this introduction, you may want to see some specific examples of value chains. I pulled some out from online materials: In a September 2010 talk (Princeton Global Health Colloquium), Michael E. Porter drew on the approaches for a presentation on Value-Based Global Health Care Delivery (note the copyright notice on page 1). Check out the Breast Cancer example on slide. Value chain analysis helps a company understands how it adds value to something and subsequently how it can sell its product or service for more than the cost of adding the value, thereby generating a profit margin. In other words, if they are run efficiently the value obtained should exceed the costs of running them i.e. customers should return to the organisation and transact freely and.
107 quotes from Michael E. Porter: 'The essence of strategy is choosing what not to do.', 'consumers tend to be more price sensitive if they are purchasing products that are undifferentiated, expensive relative to their incomes, or of a sort where quality is not particularly important to them.', and 'Competition on dimensions other than price - on product features, support services, delivery. Porter's Five Forces Model or competitive forces model was developed by Michael Porter with the motive to analyze the external business environment of the industry. It explains whether or not we should enter an industry, and if we enter it, what are the challenges we need to face. 'Competition' is something which determines the success or failure of a company in the corporate world.
Michael Porter's Value Chain: Unlock your company's competitive advantage (Management & Marketing, Band 12) This is a shame (there is great value in the second half) but understandable as there are few examples and the text build on itself so working through the copy requires continual focus. There are almost zero recorded applications of the entire value chain approach in the literature. Renowned Harvard economist, Michael Porter, has been researching this notion for quite some time now. He describes the term value chain as a collection of processes, inputs and outputs that take place to produce a product or service. This includes the entire production chain—from the supply of raw materials, to the production, to the distribution, and to the eventual delivery of the product. Why do we turn to nonprofits, NGOs and governments to solve society's biggest problems? Michael Porter admits he's biased, as a business school professor, but he wants you to hear his case for letting business try to solve massive problems like climate change and access to water. Why? Because when business solves a problem, it makes a profit -- which lets that solution grow
The essential complement to the pathbreaking book Competitive Strategy, Michael E. Porter's Competitive Advantage explores the underpinnings of competitive advantage in the individual firm. Competitive Advantage introduces a whole new way of understanding what a firm does. Porter's groundbreaking concept of the value chain disaggregates a company into activities, or the discrete functions or. Strategic Management > Value Chain. The Value Chain. To better understand the activities through which a firm develops a competitive advantage and creates shareholder value, it is useful to separate the business system into a series of value-generating activities referred to as the value chain.In his 1985 book Competitive Advantage, Michael Porter introduced a generic value chain model that. Porter's Value Chain The example bar graph Global competitiveness index infrastructure score chart, 2012-2013 was redesigned from the website Assess Costs Everywhere of the United States Department of Commerce Porter's Value Chain. Porter's Value Chain was developed and introduced by Michael Porter in his 1985 book, Competitive Advantage: Creating and Sustaining Superior Performance. It has become a primary tool for developing an operational strategy within a business unit. It breaks down the primary operational activity of the business into five distinct segments of the value chain. Primary. ConceptDraw PRO diagramming and vector drawing software offers you the Matrices Solution from the Marketing Area with extensive drawing tools for creating the Porter's Value Chain diagrams. Michael Porter Value Chain Free Templat
Structuring Strategic Design Management: Michael Porter's Value Chain. Brigitte Borja de Mozota. Corresponding Author. DR. BRIGITTE BORJA DE MOZOTA, MAITRE DE CONFÉRENCES, TEACHES MARKETING AND STRATEGY AT THE INSTITUT UNIVERSITAIRE DE TECHNOLOGIE DE PARIS AND DESIGN MANAGEMENT AT THE POSTGRADUATE LEVEL AT THE UNIVERSITÉ DE NANCY. Brigitte Borja de Mozota Maître de Conférences Université. The concept was developed by Michael Porter with his book competitive advantage 1985 where the idea of value chain is based on the processe view of organisations, the idea of seeing a manufacturing or service organisation as system, made up of subsystems each with inputs, transformation process and outputs which involve the acquisition and consumption of resources (money, equipment. Michael Porter, indisputably one of the most influential thinkers on management and competitiveness in the world laid the groundwork for strategic positioning in 1980 with his book Competitive Strategy in which he presented his Five Forces model. His 1985, work, Competitive Advantage, described his activity-based view and introduced his Value Chain model. Since the publication of these. Developed by Harvard Business School professor Michael E. Porter in the late 1970s, Porter's Five Forces model is a competitive analysis framework that businesses of any size can use during their market research. Porter's Five Forces model is also generic enough to apply to different industries, and can help you develop your business strategy and competitive strategy. Each of the Five Forces. The value chain is a brilliant strategy that incorporates all the three. The value chain is a set of activities that an organization in a specific industry uses to operate their businesses (Grant, 2010). Every activity within an organization has to go through the value chain of the organization. It is a concept of business that was brought up by Michael Porter in a book he wrote about creating.
Redefining productivity in the value chain 3. Enabling local cluster development (Porter & Kramer, 2011, p. 5) When it comes to specific details the authors remain rather vague and resort to anecdotal evidence from their consultancy practice. The first point about reconceiving products and mar-kets is based on the claim that too many companies have lost their focus when it comes to the. Michael Eugene Porter (* 23.Mai 1947 in Ann Arbor, Michigan) ist ein US-amerikanischer Ökonom und Universitätsprofessor für Wirtschaftswissenschaft am Institute for Strategy and Competitiveness an der Harvard Business School.Er gilt als einer der führenden Managementtheoretiker. In mehreren Rankings wurde er zu einem der einflussreichsten Managementdenker gewählt Porter's Value Chain Analysis is a tool that can be used to determine exactly how your company goes about the task of creating value. As you might have guessed, the 'value chain' is a set of activities that will lead to the creation of value. When you understand how the 'chain' works within your own business, you can then set about the task of improving on the chain in order to add. Michael Porter, business strategy, competition, value chain, differentiation, organisation, people, HR, WOBI, WBFLON A fundamental issue in creating a theory of strategy is where to focus the chain of causality, A stylized example will illustrate. We might observe a successful firm and find that its profitability is due to a low relative cost position compared to its rivals. But the firm. Michael Porter's value chain is the most common version. The primary activities in Porter's value chain are the major contributors to value creation. Supporting activities are necessary to run the business, but not necessarily create value by themselves. These activities are often referred to as overhead. The above example is mainly applicable for a classic manufacturing process but can.
Within the value chain analysis framework, first described by Michael Porter in 1985, companies identify primary and support business activities that contribute to its final product, visualizing each step of production, from conception to delivery. Then they analyze those activities to determine where the business can save money, increase efficiency, or maximize differentiators Michael Porter's Value Chain framework. Now that we've unpacked the simple idea of a value chain, it's worth exploring where the term came from. Originally, the concept of a value chain was introduced by Michael E. Porter in his book Competitive Advantage: Creating and Sustaining Superior Performance (Free Press, 1998). Competitive advantage cannot be understood by looking at a firm. Michael Porter's 1985 book Competitive Advantage has served as the foundation for much of modern business strategy. In it, Porter explained the different methods by which organisations managed to develop a niche within any industry. For example, let's take the UK supermarket industry. Some supermarkets, such as Waitrose and Marks & Spencer advertise themselves as the luxury option, providing. Porter's Five Forces In Action: Sample Analysis of Coca-Cola. Since its introduction in 1979, Michael Porter's Five Forces has become the de facto framework for industry analysis. The five forces measure the competitiveness of the market deriving its attractiveness. The analyst uses conclusions derived from the analysis to determine the company's risk from in its industry (current or.
Michael E. Porter has 85 books on Goodreads with 66656 ratings. Michael E. Porter's most popular book is Competitive Strategy: Techniques for Analyzing I.. The value chain was designed by Michael Porter in 1985 as a systematic way to examine how competitive advantage develops and to identify where value is added in an organisation. You should be familiar with the original model (see figure 1) and the activities described within it. The value chain is based on the process view of organisations, in which the manufacturing (or service) company is. Michael E. Porter's Five Forces Analysis model provides valuable information to support strategic management, especially in addressing relevant issues in the external environment of the business. These issues are based on external factors that represent the degree of competitive rivalry in the industry, the bargaining power of customers or buyers, the bargaining power of suppliers, the. Figure 7: Michael Porter's Value Chain. 2 Table of Tables. Table 1: Basic figures of Ryanair and UK competitors. Table 2: Ryanair SWOT Matrix. Table 3: How Britain and Ireland's biggest airlines compare . Table 4: Service performance and average fees of Ryanair and UK competitors. Table 5: Price comparison Ryanair and train services. Table 6: Competitive factors in the airline industry.
Understand Michael Porter's value chain in no time! Find out everything you need to know about this valuable business tool with this practical and accessible guide. The Harvard Business School professor Michael E. Porter has dedicated much of his career to studying competitive advantage. One of his best-known concepts is the value chain, which is used to deliver a product or service to the. Michael Porter discussed this in his book, Competitive Advantage, in which he introduced the concept of the value chain. A value chain is a set of activities that an organization does to create value for its customers. Porter proposed a general-purpose value chain that any company can use to examine all its activities, and to see how they're connected. You can use his model to ask yourself. Leistungskette, Value Chain. Managementkonzept von Porter (amerik. Betriebswirt, geb. 1947). Die Wertschöpfungskette stellt die zusammenhängenden Unternehmensaktivitäten des betrieblichen Gütererstellungsprozesses grafisch dar. Bild in Originalgröße zeigen. Nach Porter gibt es fünf Primäraktivitäten, die den eigentlichen Wertschöpfungsprozess beschreiben: interne Logistik, Produktion. Porters Value Chain. The value chain was introduced by Michael S. Porter in 1985 in the book Competitive Advantage. Value chain is used to analyze the flow of value-adding activities from the raw material supplier to the end customer. The model looks at what value... The value chain was introduced by Michael S. Porter in 1985 in the... App for downloading models and watching movies. Creating Shared Value. Michael E. Porter, Mark Kramer. Topics: Corporate/CSR, Shared Value. Share Watch the 2 minute motion graphic on shared value. Harvard Business Review | January/February 2011 . In 2011, trust in business was plummeting—businesses were perceived to be prospering at the expense of the broader community, and corporate social responsibility efforts were failing to effect.
Value-chain analysis allows the manager to separate the underlying activities a firm performs in designing, producing, marketing, and distributing its product or service. It is these activities from which competitive advantage ultimately stems. By showing how all the firm's activities can be examined in this integrated way, Porter provides a practical perspective on competitive strategy Porter Analysis: A Business Strategy of Amazon.com through a Value Chain and Comparative Advantage Analysis of Amazon's Trademarks and Intangibles Amazon is considered the preeminent online retailer in the world. It operates in varying areas fro However, Michael Porter defines strategy as competitive position, deliberately choosing a different set of activities to deliver a unique mix of value. In other words, you need to understand your competitors and the market you've chosen to determine how your business should react
The value chain model was widely introduced in 1985 by Michael Porter, a professor at Harvard Business School, in his best-selling book, Competitive Advantage: Creating and Sustaining Superior. Download PowerPoint templates with Value Chain diagrams. 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. You can find Michael Porter diagram designs and presentation slide designs with graphics relevant to value chain and competitive advantage as well as other PowerPoint templates for. Creating shared value. ME Porter, MR Kramer. Managing sustainable business, 323-346, 2019. 11026: 2019: Heart disease and stroke statistics—2017 update . EJ Benjamin, MJ Blaha, SE Chiuve, M Cushman, SR Das, R Deo, 10233 * 2017: Ventaja competitiva: creación y sostenimiento de un desempeño superior. ME Porter. Grupo editorial patria, 1900. 9761 * 1900: Toward a new conception of the.
Die Wertkette von Michael Porter ist wohl die am Weitesten verbreitete Darstellung der Aktivitäten eines Unternehmens und kann leicht auf einen konkreten Fall angepasst werden. Vertiefung. Internetunterstützung entlang der Porter'schen Wertkette: Study on Value Chain of Telecom VAS under transformation background . Die Analyse und Darstellung der Wertkette vermittelt einen guten Überblick. This article explains Porter's Diamond Model, developed by strategy guru Michael Porter in a practical way, including an example. After reading you will understand the basics of this powerful strategy and competitive advantage analysis tool. This article also contains a downloadable and editable Porter's Diamond Model template. What is Porter's Diamond Model? The American strategy professor. The data value chain can be used as a teaching tool to show the complex set of steps from data creation to use and impact or as a management tool to monitor and evaluate the data production process. While the data value chain was motivated by research on collecting and documenting gender data impact stories, the concept applies to development data more broadly. This research led to mapping the. Browse value chain analysis templates and examples you can make with SmartDraw
Michael Porter's value chain valt in het strategisch marketingplan onder de organisatieanalyse, dat is stap 3 van het marketingplan en onderdeel van de situatieanalyse. Overigens was Michael Porter na het publiceren van zijn value chain van mening dat deze te statisch van aard zou zijn. Voortbouwend op zijn waardeketen, heeft Porter het activiteitensysteem gepubliceerd. Ook hier is hij. Porter's main idea of value chain is that value chain is a highlevel model of how - businesses receive raw materials as input, add value through various processes, and sell finished products to customers. The value chain categorizes the generic value-adding activities of an organization (Brown, 2009). All basic value streams were introduced in Michael Porter's book but were explained more. VALUE CHAIN ANALYSIS . In order to assess Nike's strategic capabilities, Value Chain Analysis will allow us to identify the key capabilities that the company currently possess, whilst also allowing us to pinpoint those that must be leveraged in order for us to gain a competitive advantage. To do this, we have adopted the framework put forward by Michael Porter, giving a holistic and segmented.
Include the drawn model in another value chain analysis document with your notes or use the Creately Value Chain Analysis model as the working document while you collaborate with others to implement the plan. Embed your value chain model in necessary documents, company wikis or PowerPoint presentations so everyone can easily track the progress According to Michael Porter, From a Value Based Management point of view, the CA approach to strategy helps to build a relative competitive advantage, together with Porter's Value Chain framework. Taken together, they can be seen as one of two dimensions in maximizing corporate value creation. The other value creation dimension is the Market/Industry Attractiveness for which another model. According to Michael Porter's model of a value chain, which of the following is a support activity? Accounting activities. Which of the following would be an example of a tacit resource? An oddsmaker who works for a large casino in Las Vegas and is correct 95 percent of the time. A resource can be extremely difficult to imitate if: it arises through the complex interaction of multiple people.