Note on the Venture Value Chain: A Conceptual Framework for Building Successful New Businesses

by: James D. Price

Publication Date: February 1, 2009
Length: 16 pages
Product ID#: 1-428-793

Core Disciplines: Entrepreneurship & Innovation, Strategy & Management

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Teaching Note

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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.

Teaching Objectives

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.