How does Porter use the concept of the 'value chain' to show the importance and impact of technology in developing the competitive advantage of a firm? Explain, with examples, how information technology has played such a large role in the most recent rapid rise in economic growth rates across the world.

Question

Quizplus · Accepted Answer

The Answer is

\bullet

Define and explain the nature of the value chain.

\bullet

Give examples of technological change across the value chain.

\bullet

Explain with examples IT applications and the rapid growth in IT capacity.

\bullet

Reference the recent debate about the 'productivity paradox'.

How Does Porter Use the Concept of the 'Value Chain