First you will have to say what kind of vector space \vec{v} is in and what kind of function of v you are talking about. If f: Rn to Rm, that is if the variable, \vec{v} is an n dimensional vector variable and f maps it to an m dimensional vector, the d\vec{f}/d\vec{v}, at \vec{v}_0 is "the linear transformation from Rn to Rm that best approximates \vec{f} in some region around \vec{v}_0".
More precisely, a function,\vec{f}, from Rn to Rm, is said to be differentiable at \vec{v}_0 if and only if there exist a linear transformation, L, from Rn to Rm, and a function \epsilon(\vec{v}), from Rn to Rm, such that
1) f(\vec{v})= f(\vec{v}_0)+ L(\vec{v}- \vec{v_0})+ \epsilon(\vec{v})
2) \lim_{\vec{v}\rightarrow \vec{0}}\epsilon(\vec{v})/||\vec{v}-\vec{v}_0||= 0
It can be shown that the linear transformation, L, in (1), is unique and we say that L is the derivative of f at \vec{v}_0.
Notice that, if we reduce this to R1 to R1, we are saying that the derivative is NOT the slope of the tangent line y= mx+ b but, rather, the linear function y= mx.
If f is from R1 to R3, a "vector valued function of a single real variable", then the L above is linear transformation from R1 to R3 given by
Lt= \left<\frac{df_x}{dt},\frac{df_y}{dt},\frac{df_z}{dt}\right>t
which we can think of as being "represented" by the usual derivative vector,
\left<\frac{df_x}{dt},\frac{df_y}{dt}, \frac{df_z}{dt}\right>
If f is from R3 to R, a "real valued function of 3 real variables, x, y, z", then the derivative, in the sense above, is the linear transformation from R3 to R given by the dot product
\left<\frac{\partial f}{\partial x},\frac{\partial f}{\partial y}, \frac{\partial f}{\partial z}\left>\cdot \vec{v}[/itex]<br />
which we can think of as represented by the gradient vector,<br />
\left&lt;\frac{\partial f}{\partial x},\frac{\partial f}{\partial y}, \frac{\partial f}{\partial z}\left&gt;[/itex]<br />
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More generally, if f is from R<sup>n</sup> to R<sup>m</sup>, it derivative, at any &quot;point&quot;, is the linear transformation which can be represented, in some basis, as the m by n matrix having the partial derivatives of the components of f as elements.<br />
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In any case, of course, \frac{d\vec{v}}{d\vec{v}}, where \vec{v} is a vector function from R<sup>n</sup> to itself (NOT just a single vector- derivatives are only defined for functions) is the identity transformation on R<sup>n</sup> which can be reprsented by the n by n identity matrix.