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Value Chain
A company's value chain identifies the principal activities that create value for customers and all related support activities.

Vertical Integration
The ability within an enterprise to incorporate all aspects of management, production, sales, and distribution into their business operations.

Vision
A written philosophy that focuses on tomorrow and presents a picture of an organization’s desired future. An ambitious and compelling business statement that energizes and provides the emotional and intellectual energy for the journey to the company’s successful future.