A value chain is corporate’s process that go into the creation of a finished product and services, from its initial step to its arrival at a customer’s door.
Corporate value chain can be used to gain a competitive advantage that helps the business growth. An organization should establish competitive priorities that satisfy internal and external customers. Capability under the selected competitive priorities is planned to develop or collaborate with its designated partners.

• Cost strategy—This strategy focuses on delivering a product or service to the customer at the lowest possible cost without sacrificing quality.
• Time strategy—A time strategy can focus on speed of delivery, response time, and consistency or even product development time.
• Quality strategy—Consistent, high-quality goods or services require a reliable, safe supply chain to deliver on this promise.
• Flexibility strategy—This strategy can focus on priorities such as volume, variety, or customization.

You will learn a simple model of how to build commitment between two organizations to gain more efficiency scale of operation via link in the value chain.