[Every value activity] employs purchased inputs, human resources (Labour and management), and some form of technology to perform its function.

都需要投入成本，人力资源(劳动和管理)，以及为使经营正常运转所需的技术资源。

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In modern sports industry, professional league is a kind of industrial organization form, which has the highest competitive level, the most advanced management level, and the largest integrated value.

职业体育联赛则是现代体育产业中竞技水平最高、管理水平最先进、综合价值最大的产业组织形式。

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Then, the author states some core about the form of virtual value chain, optimization of value chain management.

进而阐述了虚拟价值链的形成，价值链管理优化等核心问题。

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They give up monetary management, and have some form of value peg.

FORBES: 40 Years Of Floating Money, 40 Years Of The Average Worker Getting Poorer

It was during those hard times that Harvard combined cautious asset management with a strategy of adding genuine value in the form of improved academic quality.

FORBES: How Harvard Should Handle Its Endowment