Close
    HomeResearch & Knowledgeback to HomeOperationsback to Research & KnowledgeThe Value Chain Shiftback to Operations
    Book

    The Value Chain Shift

    Seven future challenges facing top executives
    By Carlos Cordon and Teresa Ferreiro Vilarino
    137 pages
    Paperback
    Mobile Menu
    Overview
    Keep reading
    Overview
    Keep reading

    Value chains today have a huge impact on multinational corporations’ right to exist and the way they compete.

    The future challenges associated with value chains are also huge and include new demands from society, emerging-market strategies, resource scarcity, risk proliferation and other issues. Anticipating and addressing these future challenges are crucial if companies are to compete effectively.

    IMD and several multinational companies created the IMD Global Value Chain Center (VC2020) in June 2011 to develop research about the future of value chains. This book summarizes some of the key findings from this two-year project.

    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    This book is part of a series
    • How speed affects risks, opportunities and new business models in value chain
    • Measuring corporations' cost and contribution to society
    • Optimizing IT-enabled processes and systems in the value chain: The role of governance
    • Scale and speed: Traditional multinationals versus emerging market firms
    • The organizational design shift
    • The value chain shift: Seven future challenges facing top executives
    This book is part of a series
    • How speed affects risks, opportunities and new business models in value chain
    • Measuring corporations' cost and contribution to society
    • Optimizing IT-enabled processes and systems in the value chain: The role of governance
    • Scale and speed: Traditional multinationals versus emerging market firms
    • The organizational design shift
    • The value chain shift: Seven future challenges facing top executives
    The Value Chain Shift
    Paperback
    eBook

    You can also buy the book on Barnes & Nobles, Book Depository, Orell Füssli and Routledge.

    Publisher
    International Institute for Management Development
    ISBN
    9782940485086
    Related topics
    Operations
    Value Creation
    Supply Chain
    Top Team
    Browse all topics
    Discover our latest research
    IMD's faculty and research teams publish articles, case studies, books and reports on a wide range of topics
    All books
    How speed affects risks, opportunities and new business models in value chain
    By Carlos Cordon
    in Cordon, Carlos, Ferreiro, Teresa / The value chain shift: seven future challenges facing top executives, pp. 107 - 119
    Summary
    The impact of speed on risks and opportunities is tremendous. While higher speed increases costs, it can also reduce risks and increase business opportunities. However, the “faster is better” maxim has its limitations. Depending on the industry and the context in which companies are operating, they need to determine their optimal speed. Despite the fact that many companies would like to increase their speed because of the volatile context of recent years, increasing levels of control, bureaucracy and¦compliance regulations are decreasing speed and making companies more vulnerable to risks and less able to take advantage of opportunities. The VC2020 research proposes a new model in this chapter that shows how companies¦can substantially improve both their speed and costs by standardizing products and removing variability. However, they need to find the right balance among speed,¦efficiency and variability. A supply chain or a process might be strong on two of these dimensions, but it cannot be strong on all three. The right speed falls at the point¦where the cost is minimized.
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Supply Chain
    Browse all topics
    Related content
    Book
    The value chain shift: Seven future challenges facing top executives

    Value chains today have a huge impact on multinational corporations’ right to exist and the way they compete. The future challenges associated with...

    Value Creation Global Business
    Edited by Carlos Cordon and Teresa Ferreiro Vilarino
    Published by International Institute for Management Development, © 2014
    Read more
    Measuring corporations' cost and contribution to society
    By Polina Bochukova Carlos Cordon and Teresa Ferreiro Vilarino
    in Cordon, Carlos, Ferreiro, Teresa / The value chain shift: seven future challenges facing top executives, pp. 27 - 41
    Summary
    Prior to the 2008 crisis, it was an (almost) universally held belief that business should be conducted for the benefit of shareholders. Governments should interfere as little as¦possible with business to avoid hampering efficiency, wealth creation and economic growth. That world collapsed in 2008. During the months following the Lehman¦Brothers debacle, politicians and governments across the globe were forced to save their countries’ largest businesses, from auto manufacturing to banking. This soon¦became a tragi-comedy. The CEOs of America’s largest automotive companies flew to Washington in their luxurious private jets asking for bailouts worth billions in taxpayer money. Since then, it has become more openly recognized that businesses depend on a variety of different stakeholders and today’s business leaders increasingly¦need to show how they create value for stakeholders along the entire value chain of their products or services.
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Value Creation
    Stakeholder Management
    Browse all topics
    Related content
    Book
    The value chain shift: Seven future challenges facing top executives

    Value chains today have a huge impact on multinational corporations’ right to exist and the way they compete. The future challenges associated with...

    Value Creation Global Business
    Edited by Carlos Cordon and Teresa Ferreiro Vilarino
    Published by International Institute for Management Development, © 2014
    Read more
    Optimizing IT-enabled processes and systems in the value chain: The role of governance
    By Michael R. Wade Bettina Büchel Arjan J. van Weele and Christopher Zintel
    in Cordon, Carlos, Ferreiro, Teresa / The value chain shift: seven future challenges facing top executives, pp. 73 - 88
    Summary
    IT-enabled processes and systems are widely acknowledged as key drivers of global value chain management. When investing in these processes and systems, corporations want to benefit from standardizing their worldwide networks, but they are faced with¦the challenge of how to adapt to and support differentiated markets and business models with standardized solutions. The goal of this chapter is to understand the implementation journey to IT-enabled processes and systems in global corporations and to provide insights into the governance challenge of balancing centralization¦versus localization.
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Technology Management
    Value Creation
    Global Business
    Corporate Governance
    Browse all topics
    Related content
    Book
    The value chain shift: Seven future challenges facing top executives

    Value chains today have a huge impact on multinational corporations’ right to exist and the way they compete. The future challenges associated with...

    Value Creation Global Business
    Edited by Carlos Cordon and Teresa Ferreiro Vilarino
    Published by International Institute for Management Development, © 2014
    Read more
    Scale and speed: Traditional multinationals versus emerging market firms
    By Howard H. Yu and Teresa Ferreiro Vilarino
    in Cordon, Carlos, Ferreiro, Teresa / The value chain shift: seven future challenges facing top executives, pp. 59 - 71
    Summary
    For multinationals in the West, emerging markets represent both a growth story and, increasingly, the need for a pre-emptive strategy. Why? Because emerging-market¦firms have begun to display a clear pattern, they are focusing on customer market segments that are less attractive to – and therefore not satisfactorily served by –¦traditional multinationals. In addition, a poor country is usually surrounded by other poor countries. Once these firms secure a foothold in those markets, they begin to¦improve their product offerings at such a low cost that traditional multinationals find it difficult to replicate. The Japanese applied this strategy when the country began to¦take off almost 50 years ago. And there are a rising number of emerging-market firms in almost every industry imaginable that are keen to establish a foothold in the global marketplace.
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Global Business
    Emerging Market
    Browse all topics
    The organizational design shift
    By Teresa Ferreiro Vilarino Emanuela Zappone-Fabre and Carlos Cordon
    in Cordon, Carlos, Ferreiro, Teresa / The value chain shift: seven future challenges facing top executives, pp. 89 - 106
    Summary
    Over the past years, organizations have evolved from being very independent and internally focused to becoming part of an ecosystem that includes the entire value chain. The high level of outsourcing and specialization has resulted in companies having interdependent relationships with the other companies in the value chain. While the focus continues to be mainly internal and on the customer, it is starting to move towards the ecosystem that serves and manages the whole value chain (with the client serving as a prime driver). This change implies that traditional organizational structures with their business units,¦geographic structures or other models, need to be adapted to consider the whole ecosystem. The challenge is how to organize and structure the management of the value chain, from supplier to customer.
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Value Creation
    General Management
    Change Management
    Browse all topics
    Related content
    Book
    The value chain shift: Seven future challenges facing top executives

    Value chains today have a huge impact on multinational corporations’ right to exist and the way they compete. The future challenges associated with...

    Value Creation Global Business
    Edited by Carlos Cordon and Teresa Ferreiro Vilarino
    Published by International Institute for Management Development, © 2014
    Read more
    Keep reading
    Article
    How Haier works - Company Culture

    An in-depth study into Haier’s RenDanHeYi philosophy reinforces how it enables business units to innovate and develop new products based on what cu...

    Leadership Operations
    By Daniel R. Denison and William A. Fischer
    in I by IMD
    Read more
    Article
    Fünf Tipps zur künstlichen Intelligenz

    AI makes managers doubt the business intelligence they have acquired over the years. Ultimately, there are five questions you need to answer for yo...

    Artificial Intelligence Technology Management Value Creation
    By Michael D. Watkins
    in Handelszeitung
    12 September 2024
    Read more
    Article
    Why mining matters in the era of climate change

    The mining sector's ability to produce the raw materials required for climate change mitigation will have significant supply chain implications, ar...

    Supply Chain Sustainability
    By Carlos Cordon
    in I by IMD
    3 September 2024
    Read more
    Article
    How to make money on sustainability

    Unpacking how a company creates value is crucial to reap the rewards of sustainable transformation, say Knut Haanaes, Oystein Fjeldstad, and Bryony...

    Sustainability Value Creation
    By Knut Bjarne Haanaes, Bryony Jansen van Tuyll and Øystein D. Fjeldstad
    in I by IMD
    2 September 2024
    Read more
    Article
    Museum of art that exhibits appetite for risk and innovation

    The Toledo Museum of Art takes a novel approach to bringing art to the masses, unusual in a sector dominated by conservative thinking.

    Innovation Organizational Change Value Creation
    By Adam Levine
    in I by IMD
    Read more
    Article
    How a new approach to demand planning can redefine success

    Demand Planning Key Performance Indicators (KPIs) are frequently criticized for being too complex or irrelevant. However, an emerging approach is g...

    Strategy Supply Chain
    By Ralf W. Seifert, Richard Markoff and Matthew Spooner
    in I by IMD
    5 August 2024
    Read more
    Article
    Building systemic resilience in supply chains

    Turbulent times can leave businesses scrambling for measures to help them bounce back after disruption. But these actions may in fact increase over...

    Supply Chain
    By Amanda Williams, Gail Whiteman and Knut Bjarne Haanaes
    in I by IMD
    25 July 2024
    Read more
    Article
    Family firms and the governance of global value chains

    The current evolution of global value chains (GVCs) calls for moving beyond the “unipolar” view of lead multinational enterprises (MNEs) as sole ru...

    Family Business Value Creation Global Business
    By Francesco Debellis, Emanuela Rondi, Peter J. Buckley and Alfredo De Massis
    in Journal of International Business Studies
    19 July 2024, ePub before print, https://doi.org/10.1057/s41267-024-00716-4
    Read more
    Article
    How AI could help navigate complex trade rules and save billions on tariffs

    The sheer complexity of trade regulation and the risk of non-compliance mean companies are missing out on billions in tariff savings from Free Trad...

    Supply Chain
    By Ralf W. Seifert and Philip Sieber-Gasser
    in I by IMD
    4 July 2024
    Read more
    Article
    A high-stakes game: Securing the supply chain

    In an era of unpredictability, businesses must take many more strategic decisions about supply chain management, say IMD’s Carlos Cordon and supply...

    Supply Chain
    By Carlos Cordon
    in I by IMD
    24 June 2024
    Read more
    How Haier works - Company Culture
    By Daniel R. Denison and William A. Fischer
    in I by IMD
    Summary
    An in-depth study into Haier’s RenDanHeYi philosophy reinforces how it enables business units to innovate and develop new products based on what cu...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Leadership
    Operations
    Browse all topics
    Fünf Tipps zur künstlichen Intelligenz
    By Michael D. Watkins
    in Handelszeitung 12 September 2024
    Summary
    AI makes managers doubt the business intelligence they have acquired over the years. Ultimately, there are five questions you need to answer for yo...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Artificial Intelligence
    Technology Management
    Value Creation
    Browse all topics
    Why mining matters in the era of climate change
    By Carlos Cordon
    in I by IMD 3 September 2024
    Summary
    The mining sector's ability to produce the raw materials required for climate change mitigation will have significant supply chain implications, ar...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Supply Chain
    Sustainability
    Browse all topics
    How to make money on sustainability
    By Knut Bjarne Haanaes Bryony Jansen van Tuyll and Øystein D. Fjeldstad
    in I by IMD 2 September 2024
    Summary
    Unpacking how a company creates value is crucial to reap the rewards of sustainable transformation, say Knut Haanaes, Oystein Fjeldstad, and Bryony...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Sustainability
    Value Creation
    Browse all topics
    Museum of art that exhibits appetite for risk and innovation
    By Adam Levine
    in I by IMD
    Summary
    The Toledo Museum of Art takes a novel approach to bringing art to the masses, unusual in a sector dominated by conservative thinking.
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Innovation
    Organizational Change
    Value Creation
    Browse all topics
    How a new approach to demand planning can redefine success
    By Ralf W. Seifert Richard Markoff and Matthew Spooner
    in I by IMD 5 August 2024
    Summary
    Demand Planning Key Performance Indicators (KPIs) are frequently criticized for being too complex or irrelevant. However, an emerging approach is g...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Strategy
    Supply Chain
    Browse all topics
    Building systemic resilience in supply chains
    By Amanda Williams Gail Whiteman and Knut Bjarne Haanaes
    in I by IMD 25 July 2024
    Summary
    Turbulent times can leave businesses scrambling for measures to help them bounce back after disruption. But these actions may in fact increase over...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Supply Chain
    Browse all topics
    Family firms and the governance of global value chains
    By Francesco Debellis Emanuela Rondi Peter J. Buckley and Alfredo De Massis
    in Journal of International Business Studies 19 July 2024, ePub before print, https://doi.org/10.1057/s41267-024-00716-4
    Summary
    The current evolution of global value chains (GVCs) calls for moving beyond the “unipolar” view of lead multinational enterprises (MNEs) as sole ru...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Family Business
    Value Creation
    Global Business
    Browse all topics
    How AI could help navigate complex trade rules and save billions on tariffs
    By Ralf W. Seifert and Philip Sieber-Gasser
    in I by IMD 4 July 2024
    Summary
    The sheer complexity of trade regulation and the risk of non-compliance mean companies are missing out on billions in tariff savings from Free Trad...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Supply Chain
    Browse all topics
    A high-stakes game: Securing the supply chain
    By Carlos Cordon
    in I by IMD 24 June 2024
    Summary
    In an era of unpredictability, businesses must take many more strategic decisions about supply chain management, say IMD’s Carlos Cordon and supply...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Supply Chain
    Browse all topics