Successful value chain management requires a comprehensive understanding of the business environment.

This is to be a focused piece of work specifically on the topic. Each student is to do some research on this topic and write it up in a narrative within the word limit. Writing a short, focused piece of work is an important skill to learn for business. There is no particular format for this essay, so choose your own. It is important to make sure that your argument develops logically. A premium will be placed on well-argued essays that clearly demonstrate some originality. Please illustrate your answer with examples and diagrams as appropriate as this helps support your argument. Ensure you reference as much as possible; as this provides the proof of your research and support for your argument. Please do not simply summarize an article or two that you find in the literature. Your referencing is to be in Harvard Business Format.