The growth in global sourcing and supply often levels the playing field for adding worldwide value. Companies need at least to consider, if not implement, global value chains as their predominant mode of business. The reality of globalization and the accompanying increase in competition has forced most companies into making efficient gains. Value chain structures are essentially virtual organizations with flexibility to meet changes in customer value expectation and in the way in which value is delivered.
Support and justify the evaluation of the impact of globalization on the value chain by including information related to:
- Competitive advantage considerations
- Corporate social responsibility considerations
- Cultural considerations
- Financial considerations
- Human resource considerations
- Political and economic considerations and
- Technological considerations.