vertical integration
Vertical integration refers to a business strategy where a company controls various stages of its supply chain or production process, from raw materials to distribution, to gain advantages like cost savings, increased control, and enhanced efficiency.
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Related Concepts (17)
- business consolidation
- centralized structure
- competitive advantage
- diversification
- economies of scale
- horizontal integration
- in-house production
- integration strategy
- market dominance
- mergers and acquisitions
- monopoly
- outsourcing
- resource acquisition strategies
- strategic alliances
- supply chain management
- synergy
- value chain integration
Similar Concepts
- continuous integration
- cross-functional integration
- data integration
- horizontal merger
- industry consolidation
- integration
- integration of different departments
- integration of product or service offerings
- market consolidation
- measurement integration
- ontology integration
- policy integration
- system integration
- technology integration
- vertical merger