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Process Innovation and Value Chain Management

In: Architecting Enterprise

Author

Listed:
  • Rajagopal

    (EGADE Business School)

Abstract

Process innovation is a chain of activities designed to reduce the cost and time of manufacturing a product or delivering a service with the desired quality and competitive advantage. The most challenging issue in process innovation and improvement is identifying the redundancies in the manufacturing or services delivery process and eliminating them to reduce the cost and time involved in the process of generating the final output. Therefore, it is essential for managers to understand the process at work and find a critical path to optimize the time and cost of carrying out an innovation. The relevant executives can design an efficient process to improve workable ideas that will make a real difference to the organization as they move the innovation into the marketplace. This chapter discusses the capabilities and competencies of companies in carrying out process innovation and value chain management, and analyzes the process outcome and focus. The chapter also addresses various issues referring to managing process improvements, and developing an innovation value chain.

Suggested Citation

  • Rajagopal, 2014. "Process Innovation and Value Chain Management," Palgrave Macmillan Books, in: Architecting Enterprise, chapter 5, pages 121-147, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-36678-8_5
    DOI: 10.1057/9781137366788_5
    as

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    Cited by:

    1. Lai-Yin Cheah, Sarah & Ho, Yuen-Ping & Li, Shiyu, 2021. "Search strategy, innovation and financial performance of firms in process industries," Technovation, Elsevier, vol. 105(C).
    2. Dawid Gajda, 2020. "Polish Young Consumers’ AttitudesTowards Mobile Phone Brands," Journal of Marketing and Consumer Behaviour in Emerging Markets, University of Warsaw, Faculty of Management, vol. 2(11), pages 4-15.

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