A value chain is a linked set of value-creating activities.

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A value chain is a concept introduced by Michael Porter that refers to a set of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service to the market. These activities are linked or connected, meaning the outcome of one activity becomes the input for the next activity, ultimately resulting in the creation of value for the customer.

A Value Chain Is a Linked Set of Value-Creating Activities