Study of Value Chain Business Models Impact on Firms Strategy
The value chain of an organisation or firm in general plays an important role in addressing the economic capability of the firm and moreover the recent advances in the technology and market have made it difficult for the firms to actively participate in the market. The literature is focused on various models within value chain management and their relative contribution to the firm's market, also taking into consideration the effect of digitalization of value chain which is introduction of either the industry 4.0 technologies or any other new technologies around market the firm is categorized in which is the initial stage. Furthermore, the valuation for vulnerability for the entire model for it to be more efficient once applied within the value chain is carried out by accessing various sources within the literature and adding necessary proofs for the same. The paper aims to address the research gap on highlighting the models governing the value chain innovations and the inter links between various sub departments when achieved in a planned manner the effect of result on the firm is evaluated and the various cases where the models can be applied in the industries today is given as the example of proof to best support the models in the literature. Finally, the study explores the resilient aspect of the global value chain and aims to provide context of information about the ways firms can achieve resilience and in best way to measure resilience within the value chain and considering the case of the automotive industry as proof the valuation as to regarding certain parameters dealing with the studied model can be implemented and the possible side effects for the same is evaluated.
Authors
- Satya Shah (ORCID: https://orcid.org/0000-0001-5575-7682)
- Olumide Olajide Ojo
- Vishwas Manjunatha
Institutions
- Royal Holloway University of London (GB)
Publication Details
- Published
- 2024-11-04
- DOI
- https://doi.org/10.1109/ictmod63116.2024.10878197
- Primary Topic
- Economic Development and Digital Transformation
- Type
- article
- Field-Weighted Citation Impact
- 0.00