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Value
The concept of general economic or financial worth of a product or service. Also, a customer’s assessment of the ability of a product or service to meet their needs and desires. In neoclassical economics, value is simply the price an...[Read more about this term]
Value Chain
Described and popularized by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance, the value chain identifies the various value-adding activities of an organization or network. Often used as a tool for strategic planning because of...[Read more about this term]
Value Creation
The benefits, in customer terms, made available by an organization’s products and services. Value is most often measured financially but can be emotional and meaningful as well....[Read more about this term]
Value-added
The additional value, in customer terms, created at a particular stage of production....[Read more about this term]
Values
Human beliefs and ideals that affect someone’s perspective of themselves and others. Values are a socially-constructed phenomenon and relate both to identity and the establishment of behavior. They represent a level of significance between emotion and meaning....[Read more about this term]
Venture Capital
Financing of startup and early stage businesses through high-risk, high reward deals in return for large equity stakes in the organization. Venture capital firms look for new businesses with high potential that need capital to develop technology or markets. In...[Read more about this term]
Venture Philanthropy
Philanthropy that draws upon the traditional venture capital model to invest in nonprofits and socially entrepreneurial organizations to build their capacity, rather than to support discrete programs. Venture philanthropists typically assess progress and track the outcomes of their investments in...[Read more about this term]
Virtual Organization
A network of individuals and organizations that coordinates the development, manufacturing, sales, distribution, and servicing of products or services and operate as a single entity with a common goal. A corporation can operate virtually as can a network of companies...[Read more about this term]
Vision (Corporate)
The state or world in which an organization seeks to create or participate within. Whereas a mission defines an organization's direction and priorities, its vision is the description of the destination this direction is heading. A vision is often a...[Read more about this term]
