PORTER’S MODEL OF GENERIC VALUE CHAIN AND PARADIGM OF VALUE CHAIN
Journal Title: Acta Economica - Year 2008, Vol 6, Issue 8
Abstract
Porter’s model, known as “Generic value chain”, is characterized by classification of activities on primary and logistics, which is specific categorization of business functions of an enterprise. Purpose of Porter’s model is creation of stronger cohesion between primary activities and logistics, aiming to reduce costs and to create more valuable output. Through extracting and profiling the basic idea of Porter’s model and its comparing with basic idea of value creation, the conclusion is reached that there is certain inconsistency in generic value chain model. Therefore, Porter’s model is based on the idea of managing efficiency of an enterprise, where value appears as a consequence, not as a main purpose of model construction.
Authors and Affiliations
Перица Мацура, PhD
Keywords
Related Articles
- EP ID EP43632
- DOI -
- Views 300
- Downloads 0
The importance and role of destination marketing in attracting foreign direct investments
The authors have identified the scope and purpose of this paper by the formulation of the title. The paper points to interdependence between the development and use of destination marketing, on the one hand, and investme...
EXPORT ORIENTATION OF THE REPUBLIC OF SRPSKA
One of the most common mentioned objectives of economic policy is to increase the exports of the Republic of Srpska. The reasons for this are multiple. First of all, production manifests a high level of import and export...
FINANCIAL EVALUATION OF INVESTMENT PROJECTS PROFITABILITY
Justifiability evaluation of an investment projects is a very complex process which request appreciation and consideration of all relevant factors, first of all determining of the effects obtained by implementation of ce...
Application of prudence in fnancial reporting – a habit or necessity?
For many centuries financial reporting has been rightfully labeled as conservative. The principle of prudence whose application generates conservatism, which is characterized by time asymmetry in the recognition of gains...
Managing Public Finance as an Economic Policy Instrument
Under the conditions of imperfect market, the role of the state in economic development of a country is unavoidable. In this process, the state uses various instruments and applies various measures. Fiscal policy, i.e. p...