This note introduces the Value Venture Chain (VVC) model, which applies the paradigm of the value chain, well-accepted in other industries, to the process of conceptualizing, funding and building new businesses. The VVC provides startup executives, corporate new-business-development professionals, service providers, venture investors and aspiring entrepreneurs with a conceptual framework and a shared language of commonly-understood terminology.
Note on the Venture Value Chain: A Conceptual Framework for Building Successful New Businesses
by: James D. Price
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After reading and discussing the material, students should:
- Describe each stage of the Venture Value Chain, including activities typically implemented at each stage.
- Delineate how entrepreneurs differ from corporate managers.