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Process Innovation and Value Chain Management

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Architecting Enterprise

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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.

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  1. EGADE Business School, Mexico

    Rajagopal

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© 2014 Rajagopal

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Rajagopal (2014). Process Innovation and Value Chain Management. In: Architecting Enterprise. Palgrave Macmillan, London. https://doi.org/10.1057/9781137366788_5

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