The value chain model highlights specific activities in business where competitive strategies can best be applied (Porter, 1985) and where information systems are most likely to have a strategic impact. This model identifies critical and specific points of advantage where a company can most effectively use information technology to improve its competitive position. The value chain model views a company as a series or chain of basic activities that add value margins to a company's products or services. These activities can be categorized as main activities or supporting activities.

Discuss how Internet technologies have made it possible to create highly synchronized industrial value chains for businesses.