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.network glossary
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V
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value:

... that which its target user group should expect from the websites of The Network although provides free-access to resources. Also, value is the power of goods or services to command other goods in exchange on the basis of what is mutually accepted as fair. Information has such power based on its worth to business decision makers and others involved in the .network mission. Contact us should you have questions, comments, or concerns about the value of what The Network offers or what you find as a user.
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definition of value in terms of enterprise and economic development
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value added:

... the difference between the cost of what goes into an item and the net price for which it is sold; the output price less the input cost which includes everything that the processor is accountable for, such as wages, taxes, profit, and parts.
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definition of value added
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value-based management:

... a procedure for aligning units of an enterprise with its goals by focusing on measurable and responsive operating variables or activities which have an impact on specific things of worth (value drivers) when changed. The resulting strategic alignment is detailed as necessary for making plans, programs, and initiatives clear at each management level so that improvements can be made in areas such as operating cash flow, cost of goods sold, and sales. End results affect individual manager's behavior by driving decision criteria.
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definition of value-based management / what are value drivers for business managers
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value engineering:

... a process used to analyze and manage production costs for the purposes of quality improvement and increased profitability; value method, value analysis, value planning, value management, function analysis. No matter what it's called, VE stems from the mid-20th century when efficiency procedures and techniques were developed and applied for the purposes of maximizing the performance of employeesdashmore at http://www.value-engineering.com/vmtell.htm; also see the definition of excellence.
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definition of value engineering
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value proposition:

... an function strategy of an enterprise designed to help it become more competitive and to create added value for shareholders or ownersdashThe Strategic Alignment Handbook.
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definition of value proposition / where to find the strategic alignment handbook
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variable rate:

... the condition under which a lender alters the interest rate, usually in accordance with an agreed upon base index. A related term is flexible rate mortgage or loan.
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definition of variable rate / definition of flexible rate / definition of flexible rate loan
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variance:

... permission to use or do something in a way other than what an existing law, policy or guideline allows. For example, a location pursuing an economic development prospect might grant a zoning variance for a site. Such variances may require public approval.
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definition of variance / what is a zoning variance
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vendor ... a seller to the vendee who is the purchaser.
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definition of vendor / definition of vendee as one who purchases from a vendor
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define venture ... the entity of enterprise; a risky enterprise development effort
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definition of venture / definition of new venture startup
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venture capital:

...
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definition of venture capital
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venue:

... the scene or setting in which something takes place, usually, a sports event or other activity planned for in advance and prepared for people to gather; a place for an activity.
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definition of venue
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vested interest:

... to claim or have a right to protect or promote that which is to one's own personal advantage or gain; an interest which clouds objectivity and/or creates a bias for personal, perhaps hidden, gain; a special interest that moves to a right, title or claimdashmore from The Free Dictionary by Farlex which also provides the definition of vested interests.
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definition of vested interest / definition of vested interests group
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vested remainder:

... a grantor's future claim or right that stays with a conveyance of title or right; a present interest set aside until a time in the future when it returns to its grantor.
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definition of vested remainder / what is the future claim of a grantor called
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virtual:

... something so real in force or effect that it produces results that appear as an actual occurrence or situation. Scroll down for examples of terms the include the word virtual as parts of their definitions. The Enterprise and Economic Development Library is described as having a virtual existence in its Technology section. The description says its virtual but you can visit and use its resources the same as you would a public library in the real world.
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definition of virtual / definition of virtual existence by example / meaning of to virtually exist
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virtual networking::

... using information found online as a resource for creating an event as described below (virtual networking event); using a communication technology tool for authentically networking as an alternative to a face-to-face meetingdashsee the definition of virtual above.
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definition of virtual networking
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virtual networking event:

... the occurrence of networking activities as a result of someone using the Internet to obtain contact data, then taking action to get in touch for purposes of building or sustaining a relationship. Virtual networking is addressed within the context of real-world communications because so many of those engaged in enterprise and economic development take advantage of opportunities made possible through advancing technology, including the Internet. It has been said that the world is made smaller through communication technology advancements. Networking was at one time something that people did face-to-face. Using the expression virtual networking is less and less meaningful as advancements in technology bring the real-world and the virtual closer to being the same.
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definition of virtual networking event
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virtual site selection network:

... see the definition of site selection network and the definition of virtual networking. Together they indicate that a virtual site selection networks are formed as a result of site selectors searching online and finding resource and service providers with whom they build working relationships. Appendix B of this glossary defines various types of networks related to enterprise and economic development. In this day and age, all such networks are subject to virtual efficiencies. The mission of The Network is presented within the context of being online, searching for and finding contacts, then building real-world relationships.
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definition of virtual site selection network
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vocation:

... an occupation for which one is qualified or certified by training, education, and/or experience. Vocational training is typically provided at the secondary education level or by trade schools. In both cases programs are intended to prepare people to qualify for jobs.
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definition of vocation / definition of vocational training / definition of vocational education
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voice of the customer:

... customer speak; a motivational phrase used in conjunction with quality management or continuous improvement strategiesdashsee excellence. It indicates that buyers are the ultimate business decision makers in a free market economy. Jobs depend on customer satisfaction; therefore, what customers say by their actions and words is something that alert workers pay attention to along with enterprise owners and managers.
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definition of voice of the customer / definition of customer speak / definition of free market
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link: .network help / intro

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[V] page in the .network glossary / page in an alphabetical series

go back / dictionaries and glossaries (.network library) / page up

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virtual networking:

... an extension of networking activities of the real-world rather than a substitute for them. Virtual networking helps overcome the time constraint of real-world networking because contact data is available online at all times. Skillful business networkers who know how to use the Internet are guided by the same basic rules for success that have always applied

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