a history and definition of corporations

It’s hard not to appreciate the success of a ‘mom and pop’ business. The romanticized notion of self-reliance and success. An idealized world where it’s possible for everyone - even the metaphorical ‘little guy’ - to transform their dreams into a vibrant, growing business that supports the local community and provides a good living for …

what value chains are and how they can optimize economic efficiency

First introduced in 1985 by Michael Porter, the value chain concept is understood as the process by which value is added to raw materials via various production processes in order to generate a final product that can be sold for a higher price. The main components of value chains are inbound logistics, operations, outbound logistic, marketing …