value-chain

Vocabulary Word

Definition

The 'value-chain' is like a team relay race where everyone's contribution affects the final result. It's all the activities a company does to create and deliver a product or service to the market, from initial concept to final customer experience.

Examples in Different Contexts

Sustainable companies aim to create a green value-chain, ensuring eco-friendly practices at every stage of production and distribution.

Practice Scenarios

Sustainability

Scenario:

The company's goal is to reduce its carbon footprint. Where do you see opportunities for greener practices?

Response:

Let's assess our value-chain and find ways to incorporate sustainable practices in each step.

Academics

Scenario:

We're planning an in-depth investigation into the processes of drug development. What are the key areas to focus on?

Response:

We should analyze the pharmaceutical value-chain from drug discovery, testing, manufacturing, to distribution to understand the process fully.