The purpose of this paper is to increase the student's knowledge of the value chain and its importance in managing costs.
The approach takes the form of a teaching case with practical implications, which also includes teaching notes.
It is important to effectively manage a company's value chain. A clear understanding of the value chain, combined with effective management of all aspects of the value chain can often lead to a competitive advantage in today's business environment.
A company can improve decision making with a clear understanding of the value chain.
This case presents a practical and straightforward approach for instructors to explain the value chain concept and how important managing the value chain can be to the company's overall success.
Patten, L. (2008), "The Joytoy Company: A teaching case on the importance of effectively managing the value chain", Journal of Management Development, Vol. 27 No. 3, pp. 265-274. https://doi.org/10.1108/02621710810858597
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