The
value chain for any product and/or service is a continuum which has endured
time and always adheres to conventional fundamentals which do not alter much.
Source: Pat V. Sonti, Mentor & Author |
In addition, the value chain has a direct impact on any product and/or service
with respect to:
·
Life
Cycle.
·
Supply
Chain.
·
Commercial
Market Fundamentals.
·
Business
Cycle and Fundamentals.
·
Business-Revenue
Model.
The
key driver for any product and/or service value chain continues to be both
basic, advanced and applications driven research, design & development.
Subsequently, there must be emphasis on engineering with focus on product and/or
services design & development followed by production of goods and services.
All other commercial aspects such as marketing, sales, promotions etc. complete
the integrated value chain.
In
today’s current global macroeconomic scenario, it is vital to focus on “empowering
the value chain” as it has a direct impact on sound and sustainable economy,
policy, trade, and investment and all resulting socio-economic factors.
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