Value Chain Template
Understand the value your business has delivered to your customers.
About the Porter’s Value Chain Model (aka Value Chain Analysis template)
Commonly known as the Value Chain Analysis, Porter’s Value Chain Model is a much-used method to evaluate a business’s competitive edge and improve processes to have fewer bottlenecks and add more value to your customers.
Keep reading to learn more about the Value Chain Analysis template.
What is a value chain analysis template?
A value chain analysis template includes a set of activities that a company performs to deliver a valuable product from start to finish. The analysis itself allows your team to visualize all the business activities involved in creating the product — and helps you identify inefficiencies, bottlenecks, and miscommunications within the process.
Advantages of building a value chain analysis template
First coined by Harvard Business School professor Michael Porter, the Porter’s Value Chain Model helps your team evaluate your business activities so you can find ways to improve your competitive advantage. The value chain analysis will also help you determine costs, find activities adding the most value, outshine your competitors, and improve the value of what you deliver to your customers.
Building a product can be costly in both time and resources. Even worse, it can be almost impossible to know whether a process works until after you’ve tried it. Porter’s Value Chain Model helps you visualize more complex or intangible processes.
Every business should perform this analysis at some point. Your team can do this anytime you want to improve your competitive advantage, taking the following steps:
Define your business’s primary activities (e.g. logistics, operations, marketing).
Define your business’s support activities (e.g. HR, infrastructure, tech).
Analyze the cost and value of each.
Discover opportunities that allow you to gain a competitive advantage.
Create your own value chain analysis template
Getting started with your team’s value chain analysis template is easy with Miro. Simply click “Use Template” and take the following steps to customize it for your own value chain analysis template:
Step 1: Replace the canned text in the orange squares and blue lines with your business’s specific primary and support business activities.
Step 2: Use sticky notes to map out the process for each business activity.
Step 3: Identify where bottlenecks occur, and find areas where you can maximize value and gain a competitive advantage.
How do you draw Porter's value analysis?
You can build your Porter’s Value Chain Model following these steps: - Map all activities involved in producing your product - Calculate the cost of each activity - Find out what do your customers perceive as value - Check competitors Porter’s Value Chain Model and benchmarks - Choose what’s your competitive advantage and where will you capitalize
How do you analyze a value chain?
After building your value chain analysis template, you can evaluate the links between each activity and its values. This value chain analysis is particularly crucial when increasing competitiveness as it will determine how to proceed to improve processes.
How do you write a value chain analysis?
You can write your value chain analysis determining which activities are to be optimized. The analysis should include quantitative and qualitative data to help you develop action points to increase your product’s added value and customer base. After your value chain analysis is ready, you can draw a business case to implement changes and help you prioritize.
STAR is a framework that stands for Situation, Task, Action, Result. Use this strategy to answer interview questions with concrete examples to show that you have the skills and experience you need. Many hiring managers or interviewer panels will ask prospective employees competency-based questions such as, “Tell me about a time when you …” or “Share an example of a situation where. …” If you’re an employer, you can use STAR to clarify with your team what skills and personality traits make someone a successful, high-level performer.
Research Topic Brainstorm
Coming up with a topic for a research project can be a daunting task. Use the Research Topic Brainstorm template to take a general idea and transform it into something concrete. With the Research Topic Brainstorm template, you can compile a list of general ideas that interest you and then break them into component parts. You can then turn those parts into questions that might be the focus for a research project.
Whenever you need to define your goals and figure out the steps you’ll need to take to accomplish them, you’ll benefit from a Strategic Planning template. The Strategic Planning template guides you and your team through exercises to help you assess your current situation, determine their goals for the future, and develop a plan to help them get there. Generally, strategy considers the goals or reasons for doing something while planning refers to the specific actions you’ll take in order to achieve a specific goal. But with strategic planning, you’re considering both at the same time.
It’s not always easy to measure complex, highly subjective data — like how people feel about your product, service, or experience. But the Likert scale is designed to help you do it. This scale allows your existing or potential customers to respond to a statement or question with a range of phrases or numbers (e.g., from “strongly agree” to “neutral,” to “strongly disagree,” or from 1 to 5). The goal is to ask your customer some specific questions to turn into easy-to-interpret actionable user insights.
A team charter is a document that outlines your team’s purpose and objectives, as well as steps you will take to reach your goals. The team charter illustrates the focus and direction for all team members. When created collaboratively, the team charter is a great way for individuals to feel even more connected to one another within the group. A team charter template is useful when you’re first establishing a new team, adding new members to an existing team, or when you need to better align regardless of your team’s tenure.
When your team is collaborating on a large project, keeping track of the many tasks and multiple timelines can be a challenge. That’s why you need a milestone chart. These visual representations of important project events will make it simple for your team to stay on schedule and reach goals on time. And it’s so easy to get started — just determine the major milestones, use our template to create a milestone chart, and define the key dates and deliverables each milestone will require.