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.
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.
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.
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 employees more
at http://www.value-engineering.com/vmtell.htm;
also see the definition of excellence.
value proposition:
... an function
strategy of an enterprise designed
to help it become more competitive and to create added
value for shareholders or ownersThe
Strategic Alignment Handbook.
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.
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.
vendor ... a seller to the
vendee who is the purchaser.
venture:
... the entity of enterprise,
for example, a business
venture; an entrepreneurial effort,
as in a new venture startup.
The expression, new venture startup, indicates
that a business
decision maker maker has not only proceeded to
do something in spite of the risk involved, but has arrived
at a point
of no return; i.e., if the venture
is a new enterprise that has started up, it exists. In
the enterprise
development context venture is
generally not used in conjunction with expansions. It
can
be said, however, that
an
expanding enterprise ventures into a new market or, in
the case of site
selection, to a new location
venture capital:
... financing-at-risk directed towards
an investment. Venture
capitalists are investors
who takes calculated financial risks on startup enterprises,
generally expecting
an ROI commensurate
with the size of the risk. They also seek control in the event
an investment
is in jeopardysee business
venture. See the link
to a glossary of venture capital terms under a discussion of the entrepreneurial
spirit in the .network library for
more information.
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.
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 claimmore from The Free Dictionary by Farlex which also provides
the definition of vested
interests.
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.
virtual:
... something so real in force or effect
that it produces results that appear as an actual occurrence
or situation; that which is seemingly real. See computer
simulation. A virtual world indicates the real
world. See the following expression that begin
with virtual.
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 meetingsee
the definition of virtual above.
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.
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.
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.
voice of the customer:
... a motivational
phrase used in conjunction with quality management or continuous
improvement strategiessee excellence.
The expression indicates that buyers are the ultimate business
decision makers in a free
market economy. Sustainability of even
the best run enterprises depend ultimately
on satisfied customers in a true free
market economy. Also, jobs depend on customer
satisfaction; therefore, what customers say by their their
actions and words is something that workers in a free
enterprise system had better pay attention to
and understand. Voice is also called customer
speak.
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