27/08/2025
The phrase "Businesses don't compete with businesses, value chains compete with value chains" emphasizes that a company's competitive advantage comes from the efficiency and effectiveness of its entire system, from sourcing materials to delivering the final product to the customer, rather than just the individual business itself. It highlights how a business's success is intrinsically linked to its entire value chain, including all suppliers, processes, and distribution channels, which collectively create a superior customer experience and greater profitability compared to competitors.