Porter's concept of the "process chain" is crucial for developing a competitive strategy.

Name: Porter's concept of the "process chain" is crucial for developing a competitive strategy.
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Porter's concept crucial for developing a competitive strategy is the "value chain," not the "process chain." The value chain analyzes the series of steps needed to create a product or service, helping businesses identify competitive advantages.

Porter's Concept of the "Process Chain" Is Crucial for Developing