Dynamic Formation of Business Networks

2013 ◽  
pp. 193-210
Author(s):  
Markus Eurich ◽  
Claudia Villalonga ◽  
Roman Boutellier
Keyword(s):  
Real World ◽  
Emerging Market ◽  
Business Networks ◽  
Business Network ◽  
Business Partners ◽  
Business Opportunities ◽  
New Business ◽  
Market Opportunities ◽  
Dynamic Formation

New business opportunities rarely conform to the way the industry traditionally approached the market, which is an opportunity for newcomers and flexible small and medium-sized enterprises to be the first in recognizing and taking advantage of emerging market opportunities. However, newcomers and small and medium-sized enterprises may be too young or too small to possess all the required competencies and resources. They need to organize themselves in business networks, in which business partners complement each other. This article suggests a sketch of the form and methods of a framework that allows the ‘Quality of Information’-based discovery of potential business partners who can offer resources like sensors, actuators, and processing services. In the Real World Internet, this would enable small and medium-sized enterprises to create an appropriate business network and to quickly react to emerging business opportunities.

Dynamic Formation of Business Networks

2011 ◽  
Vol 2 (4) ◽  
pp. 44-60
Author(s):  
Markus Eurich ◽  
Claudia Villalonga ◽  
Roman Boutellier
Keyword(s):  
Emerging Market ◽  
Business Networks ◽  
Business Network ◽  
Quality Of Information ◽  
Business Partners ◽  
Business Opportunities ◽  
New Business ◽  
Market Opportunities ◽  
Dynamic Formation

New business opportunities rarely conform to the way the industry traditionally approached the market, which is an opportunity for newcomers and flexible small and medium-sized enterprises to be the first in recognizing and taking advantage of emerging market opportunities. However, newcomers and small and medium-sized enterprises may be too young or too small to possess all the required competencies and resources. They need to organize themselves in business networks, in which business partners complement each other. This article suggests a sketch of the form and methods of a framework that allows the ‘Quality of Information’-based discovery of potential business partners who can offer resources like sensors, actuators, and processing services. In the Real World Internet, this would enable small and medium-sized enterprises to create an appropriate business network and to quickly react to emerging business opportunities.

scholarly journals The Innovation Process of Transforming Liquid Param Manna into Cream Param Manna

2020 ◽  
Vol 2 (1) ◽  
pp. 22
Author(s):  
Yenny Sarwokusumo
Keyword(s):  
Data Collection ◽  
Idea Generation ◽  
Innovation Process ◽  
Business Innovation ◽  
Generation Stage ◽  
Business Opportunities ◽  
Innovative Products ◽  
New Business ◽  
Market Opportunities ◽  
Data Collection Technique

The purpose of this study is to determine business innovation process transforming Param Kocok Manna into Param Cream Manna to open new business opportunities. The data collection technique in this research was questionnaire. This research concluded that since  the idea generation stage of the innovation process to open a new business was originally from its customers. The products of Param Cream Manna are the innovative products that are highly accepted by the market to create new market opportunities.

Succeeding at new businesses: a matrix to measure flexibility

2014 ◽  
Vol 35 (5) ◽  
pp. 23-30 ◽  
Author(s):  
David J. Burns
Keyword(s):  
Business Environment ◽  
Two Dimensions ◽  
Market Potential ◽  
Content Type ◽  
Strategic Issues ◽  
The Past ◽  
Business Opportunities ◽  
New Business ◽  
Market Opportunities ◽  
Assessment Matrix

Purpose – This purpose of this paper is to suggest and develop an alternative model, the Opportunity Assessment Matrix, to address some of the primary strategic issues in the business environment of today. Changes in the business environment are increasing the need for strategic planning, but it has also diminished the value of some of the classic tools used in strategy formation in the past, such as portfolio models. Design/methodology/approach – The shortcomings in applying portfolio models from the past to today’s business environment are discussed, providing a basis for the developing the Opportunity Assessment Matrix. Findings – The Opportunity Assessment Matrix is introduced as a means to evaluate the ability of an organization to successfully undertake and exploit new business opportunities. The proposed model is based on two dimensions – operational flexibility and market potential. Originality/value – The Opportunity Assessment Matrix facilitates an assessment of new business and product opportunities. With today’s ever-changing customer needs, the identification and exploitation of new product and business opportunities have become critical for the ongoing success of many firms. Most attempts by business firms to exploit new opportunities, however, are not successful, often due to a lack of an understanding of the market potential realization or an inadequate consideration of possible internal constraints. The Opportunity Assessment Matrix addresses both of these issues by examining the match between potential market opportunities and a firm’s ability to exploit them.

scholarly journals An Opinion Paper on Aerogels for Biomedical and Environmental Applications

Molecules ◽  
2019 ◽  
Vol 24 (9) ◽  
pp. 1815 ◽  
Author(s):  
Carlos A. García-González ◽  
Tatiana Budtova ◽  
Luisa Durães ◽  
Can Erkey ◽  
Pasquale Del Gaudio ◽  
...  
Keyword(s):  
Supply Chain ◽  
Emerging Market ◽  
Construction Materials ◽  
Full Potential ◽  
High Porosity ◽  
Process Technology ◽  
Material Supply ◽  
Market Opportunities ◽  
Very High

Aerogels are a special class of nanostructured materials with very high porosity and tunable physicochemical properties. Although a few types of aerogels have already reached the market in construction materials, textiles and aerospace engineering, the full potential of aerogels is still to be assessed for other technology sectors. Based on current efforts to address the material supply chain by a circular economy approach and longevity as well as quality of life with biotechnological methods, environmental and life science applications are two emerging market opportunities where the use of aerogels needs to be further explored and evaluated in a multidisciplinary approach. In this opinion paper, the relevance of the topic is put into context and the corresponding current research efforts on aerogel technology are outlined. Furthermore, key challenges to be solved in order to create materials by design, reproducible process technology and society-centered solutions specifically for the two abovementioned technology sectors are analyzed. Overall, advances in aerogel technology can yield innovative and integrated solutions for environmental and life sciences which in turn can help improve both the welfare of population and to move towards cleaner and smarter supply chain solutions.

The internationalisation of service-sector SMEs in an emerging market

2019 ◽  
Vol 29 (1) ◽  
pp. 44-60 ◽  
Author(s):  
Shir May Ooi ◽  
Christopher Richardson
Keyword(s):  
Quantitative Research ◽  
Service Sector ◽  
Emerging Market ◽  
Psychic Distance ◽  
Business Networks ◽  
Entry Modes ◽  
Business Network ◽  
Business Training ◽  
Content Type ◽  
The Future

PurposeThis paper aims to explore the internationalisation of service-sector small- and medium-sized enterprises (SMEs) from an emerging market, focussing on the entry modes, psychic distance, business network, internationalisation challenges and capabilities of business training and consultancy firms from Malaysia.Design/methodology/approachA multiple-case study approach is adopted, and 31 in-depth interviews were conducted with the top management and executives from eight business training and consultation (BT&C) firms in Malaysia. The Uppsala model is used for theoretical guidance to analyse the internationalisation of the firms.FindingsThe results suggest that psychic distance, business network and business capabilities influence the internationalisation of BT&C firms from Malaysia. However, the discussion of entry modes in the framework of service internationalisation does not accurately explain the internationalisation of the studied firms.Research limitations/implicationsThis study is a qualitative research based on the experiences of eight firms. The basis of this study is inadequate for scientific generalisation. Quantitative research should be conducted in the future to provide a statistical test and empirical results. This study is concerned with the emerging-market context. The study could be expanded to include more industries and other emerging markets in the future.Practical implicationsThis study explored the application of internationalisation theories to the BT&C industry in an emerging market, with particular emphasis on firms’ entry modes, psychic distance, business networks, international challenges and capabilities. This study also highlighted some of the key internationalisation challenges facing emerging market small- and medium-sized enterprises (EMSMEs), underlining the importance of business networks and capabilities.Social implicationsNevertheless, this study shares useful and practical discoveries concerning the internationalisation process of BT&C firms from the emerging market, focussing on entry modes, psychic distance, business network, the challenges faced and the required capabilities.Originality/valueThe study provides new insights into service internationalisation in SMEs from an emerging market. The application of internationalisation theories to the BT&C industry in an emerging market is analysed.

scholarly journals Os que ficam : comunidade portuguesa em Antuérpia, 1596 – 1606

2021 ◽  
pp. 241-262
Author(s):  
Maria Amélia Oliveira
Keyword(s):  
Financial Market ◽  
16Th Century ◽  
Economic Activities ◽  
Philip Ii ◽  
Family Ties ◽  
Business Partners ◽  
Business Opportunities ◽  
New Business ◽  
Economic Profile ◽  
The City

This paper examines the presence of the Portuguese community in Antwerp, after the conquest of the city by the troops of Philip II and the embargo imposed on trade with the United Provinces of the Netherlands. From 1585 onwards, there is an increase in the migration of merchants to neighbouring cities, such as Amsterdam. In general, Portuguese historiography has payed particular attention to the Portuguese who leave Antwerp for new mercantile centres, and to their contribution to business in these new places. However, Antwerp retained some weight as a financial market, and several Portuguese merchants remained in the city. The chronology under study comprises two time slots: 1596 and 1606. The results of the analysis reveal that in this period there is an adaptation of their commercial practices, with new business opportunities. In Antwerp, we see how the Portuguese and Castilian empires intersect, and the way Portuguese merchants benefit from it. Based on information from notarial acts such as powers of attorney, bills of exchange, settlement briefs and wills, this work identifies merchants, their business partners, transit and trading places, different kinds of economic activities they carry out, but also whom they marry, their heirs, how their family ties are woven. The result is a socio-economic profile of the Portuguese community in Antwerp around the turn of the 16th century.

scholarly journals Merger as a growth strategy of business networks: a case study of a drugstore network

2016 ◽  
Vol 15 (1) ◽  
pp. 83-96
Author(s):  
Wesley Braga Soares ◽  
Douglas Wegner ◽  
Pietro Cunha Dolci
Keyword(s):  
Economies Of Scale ◽  
Single Case ◽  
Point Of View ◽  
Growth Strategy ◽  
Theoretical Point ◽  
Business Networks ◽  
Business Network ◽  
Merger Process ◽  
New Business

This article aims to analyze the motivations, the process and the results of a merger strategy established by three business networks. The research consisted in an exploratory single case study. It was analyzed a business network composed by drugstores, formed from the merger of three business networks in the state of Rio Grande do Sul. Data collection occurred through six in-depth interviews conducted with actors directly involved. The main motivation for the adoption of this strategy was the increased competition in the sector and the need to expand economies of scale in negotiating with suppliers. The results also reveal that the networks involved did not have the exact notion of the benefits that could be achieved, which are higher than the initial motivation to get increased market power. It was also found that there was no defined strategy for the formation of the new business network. The merger was consolidated by actions of approach among the networks. The research contributes to the understanding of mergers among networks. From a theoretical point of view, the study describes the merger process; the managerial contribution consists in the presentation of steps for the implementation of new mergers.

scholarly journals Factors of economic space and business network in improving the economic security of business

2021 ◽  
Vol 82 (2) ◽  
pp. 56-62
Author(s):  
S. Simonov ◽  
◽  
A. Akhrorova ◽  
Z. Smagulova ◽  
S. Zhanuzakova ◽  
...  
Keyword(s):  
Graphical Method ◽  
Research Area ◽  
Economic Security ◽  
Government Support ◽  
Business Networks ◽  
Business Network ◽  
Economic Space ◽  
External Resources ◽  
Business Security

In the conditions of modern economy, factors that affect the security of the business, but relate to external resources in relation to the company or opportunities, become significant. These resources and opportunities in economics have traditionally been identified with macro-economic (economic growth, inflation, exchange rates, government support) and institutional parameters (regulatory framework, transaction costs). The influence of the quality of economic space on economic security of business through the evaluation of opportunities that are tied to the specifics of the economic space is the least researched, including in our country. In this case, according to the latest research in the field of economic geography, economic space acts as a structure-forming platform that can form local markets, with intensive interaction of business agents. The purpose of this study is ensuring of economic security by building business networks in a single economic space. The research area focuses on indicators that characterize economic space, which are successfully used in international practice to determine the quality of economic space. The realization of this approach requires the use of traditional methods of scientific research, such as analysis, comparison, graphical method for visualizing obtained results, which allows determining the agglomeration zone and the space of business networks in it. When considering economic space in relation to building a business network in improving business security, main focus is on the quality of economic space that the region has. The proposed methods of evaluating the quality of economic space are actively used to determine the possibility of building business networks in this space. The authors conclude that business networks play a crucial role in improving the economic security of business in a particular economic space. The set of proposed measures provides additional opportunities and increases the influence of economic space on business security and creates the zone of maximum external security.

Opportunity-based growth management: enabling a company-wide effort to proactively take advantage of new business prospects

2019 ◽  
Vol 47 (3) ◽  
pp. 11-18 ◽  
Author(s):  
Vladyslav Biloshapka ◽  
Oleksiy Osiyevskyy
Keyword(s):  
Design Methodology ◽  
Emerging Market ◽  
Growth Management ◽  
Front Line ◽  
Content Type ◽  
New Business ◽  
Market Opportunities ◽  
A Company ◽  
Practical Implications

Purpose The growth imperative dominating in today’s market economy implies that shareholder value creation can happen only through constant, profitable growth of the business. The article offers a process for increasing the effectiveness of a firm’s strategy by improving the quality and number of growth opportunities it enables managers to take advantage of. Design/methodology/approach To address the problem of bridging the strategizing process with emerging opportunity landscapes, the current paper offers a practical approach for establishing opportunity-based growth management (OGM) system, comprising six basic components: Understanding, Scanning, Articulating, Testing, Choosing, and Organizing. Findings The presented approach allows the management to notice and exploit the emerging market opportunities before competitors, to leverage the full information available within the company (particularly among front-line employees), and to assess the current company’s business model and make the necessary adjustments. Practical implications A case study of the process in action is presented. Originality/value The proposed OGM framework enables higher-level linking of the “strategy-as-learning” with “strategy-as-planning” paradigms.

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