| Change log entry 71055 | |
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| Processed by: | richwarm (2020-11-02 23:58:12 UTC) |
| Comment: |
<< review queue entry 67262 >> Neither "industry chain" nor "industrial chain" appear in Michael Porter's 1985 book (search for them on Google Books), he uses "value chain". The usage of the "industry chain" is almost exclusively by Chinese authors. ----------------------------------- Editor: 1. You're saying that the Chinese term 產業鏈, whose literal meaning is "industry (產業) chain (鏈)" is a translation of Michael Porter's term "value chain". That seems rather dubious because the Chinese have a word for "value", namely 價值, and they use it to form 價值鏈, which literally means "value chain". Example: 華語文教育後面的價值鏈龐大，有成為策略性產業的潛力，... 2. The Chinese Wikipedia article matched with the article titled "Value Chain" is titled 價值鏈, not 產業鏈. https://zh.wikipedia.org/wiki/%E5%83%B9%E5%80%BC%E9%8F%88 3. The following article defines 產業鏈 as a concept related to, but distinct from 價值鏈 (value chain). 產業鏈是一個包含價值鏈、企業鏈、供需鏈和空間鏈四個維度的概念。 https://wiki.mbalib.com/zh-tw/%E4%BA%A7%E4%B8%9A%E9%93%BE 4. You claim that "industry chain" is almost exclusively used by Chinese authors. That also seems dubious. The English Wikipedia article refers to "value chain" as a concept that applies to an individual firm: "A value chain is a set of activities that a firm operating in a specific industry performs in order to deliver a valuable product (i.e., good and/or service) for the market." The article goes on to say that the value chain concept can be applied to industries as well as firms: "An industry value-chain is a physical representation of the various processes involved in producing goods (and services), ..." This concept appears to be referred to by various non-Chinese authors as "industry-level value chain" or "industry value chain" or "industry chain". For example: "The value chain, also known as value chain analysis, is a concept from business management that was first described and popularized by Michael Porter in his 1985 best-seller ... It can be conducted at the firm level (internal value chain) or at an industry level (industry value chain)." Article: "What Is Value Chain Analysis?" by Arif Harbott (a UK-based Chief Technology Officer) https://www.linkedin.com/in/harbott/?originalSubdomain=uk 5. I think you're probably right that Michael Porter didn't discuss industry value chains in his 1985 book. He apparently limited his application of the concept of value chain to firms. Other people later applied the concept to industries. <<John & Govindarajan (1993) describe the value chain in broader terms than does Porter. They state that “the value chain for any firm is the value-creating activities all the way from basic raw material sources from component suppliers through to the ultimate end-use product delivered into the final consumers’ hands”. This description views the firm as part of an overall chain of value-creating processes (Shank & Govindarajan, 2011). The industry value chain starts with the value-creating processes of suppliers, who provide the basic raw materials and components. It continues with the value-creating processes of different classes of buyers or enduse consumers and culminates in the disposal and recycling of materials. The industry value chain and the value chain activities within the firm will be compared (Dekker, 2003).>> https://www.abacademies.org/articles/critical-evaluation-of-value-chain-analysis-for-assessing-competitive-advantagea-study-on-select-companies-of-etailing-industry-7652.html |
| Diff: |
- 產業鏈 产业链 [chan3 ye4 lian4] /industry chain (concept proposed by US scholar Michael Porter in 1985)/ # + 產業鏈 产业链 [chan3 ye4 lian4] /value chain (concept proposed by US scholar Michael Porter in 1985)/ + 產業鏈 产业链 [chan3 ye4 lian4] /industry value chain/ |