This technique is highly practical in business analysis, as it allows for a comprehensive understanding of an organization's current state and identifies areas for improvement. By analyzing the value chain, business analysts can pinpoint inefficiencies, opportunities for cost reduction, and areas where value can be added. This can help businesses make strategic decisions to improve their processes, operations, and overall performance. Additionally, understanding the value chain can also help organizations identify potential risks and opportunities for innovation. Overall, the value chain analysis is a valuable tool for business analysts in conducting thorough and insightful assessments of an organization's operations.
