Something I learnt today

I find the history of words fascinating.  These things, words that we use daily have to come into existence in some way.  In French they have the Académie Francais, in English there is no equivalent. English words just get created by use.  The term "value chain" is one I use almost daily and here is a little back story:

The term “Value Chain” was coined by Michael Porter in 1985. The value chain is a chain of activities through which product passes. At each activity, value is added. The value adding activities are called “Primary Activities”. Primary activities include – inbound logistics, outbound logistics, production, sales and maintenance. Human resource, administrative activities. R&D, infrastructure management and procurement
are called support activities. Support activities are behind primary activities. Support activities also add value to the organization. Value chain management is the process of managing the sequence of activities and information along the entire product chain. (Robbins, 2007)