Apr 27 2008
Making/Money: My value chains are broken
Filed under: World of Warcraft, Economy, Crafting, Professions, Making/Money
There’s a person out there who claims that all they need to know about business can be learned from World of Warcraft. A fine sentiment, to be sure, but I take issue with its accuracy. Today we are discussing the first of their eleven business topics: value chains - and why they don’t work.
In brief, value chain analysis states that for any good requiring multiple stages of production (meaning you don’t just rip it out of your backyard and eat it), value is added at each level of refinement. Therefore the price should increase along its path to becoming a finalized product.
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Original post by Alexis Kassan
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