Order of the Golden Chain in New Jersey. Constituent Links began to form up and down the eastern coastline and continue to function in New Jersey, Pennsylvania and Rhode Island. It wasn't long after the Order of the Golden Chain was created that the country was in the thrust of the Great Depression. There was a strong need to belong to a fraternal organization such as the Golden Chain with members dedicated to helping others less fortunate than themselves. During that period, hundreds of thousands of dollars were spent by Constituent Links, from supplying food, coal and medical supplies to endowing much needed equipment for
Value chain its own value chain. The industry wide synchronized interactions of those local value chains create an extended value chain, sometimes global in extent. Porter terms this larger interconnected system of value chains the "value system". A value system includes the value chains of a firm's supplier (and their suppliers all the way back), the firm itself, the firm distribution channels, and the firm's buyers (and presumably extended to the buyers of their products, and so on). Capturing the value generated along the chain is the new approach taken by many management strategists. For example, a manufacturer might require its parts