Laburnum Laburnum Laburnum, sometimes called golden chain or golden rain, is a genus of two species of small trees in the subfamily Faboideae of the pea family Fabaceae. The species are "Laburnum anagyroides"—common laburnum and "Laburnum alpinum"—alpine laburnum. They are native to the mountains of southern Europe from France to the Balkans. Some botanists include a third species, "Laburnum caramanicum", but this native of southeast Europe and Anatolia is usually treated in a distinct genus "Podocytisus", more closely allied to the "Genisteae" (brooms). The "Laburnum" trees are deciduous. The leaves are trifoliate, somewhat like a clover; the leaflets are typically long
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