Business Model Innovation

High school
Dissertation
Business
Pages 48 (12048 words)
Download 0
In this research the next question is studied: To what extent is business model innovation relevant for achieving success in e-commerce from a micro-economic framework The literature review deals with this issue in direct and indirect ways by taking a look at some principles of consumer theory based mainly on evolutionary micro-economics instead of neoclassical micro-economics…

Introduction


AGLOCO (2007) stands for A GLOBAL COMMUNITY. It is a new online startup that it is promising to every member to "Own The Internet" as a slogan that hides within it the universal ideal of leveraging the power of Internet in our lives. It could be in a direct way, or in an indirect one. It is a hidden desire of all cybernauts to own the Internet. AGLOCO has captured it in a simple slogan: "Own the Internet". The driving force behind the Internet is to build a universal network where everybody can profit in one way or another. According to a neoclassical micro-economic perspective there should be a solution to this dilemma as the Adam Smith's invisible hand in the market would level things up. According to evolutionary micro-economics, the market agents are not so rational as we would to expect. Bounded rationality plays a strong influence in the interacting game of all of the market's agents1. The contributions of the Nobel Laureates in Economics such as Herbert A. ...
Download paper
Not exactly what you need?

Related papers

Relationship between Entrepreneurship, Innovation and Economic Development
Considering the fact that the need to meeting once basic needs for existence can be jeopardized in the absence of economic development, not much can be said on the need to promote economic development of all people at all levels of life. The understanding that economic development brings about better living and improved lifestyle does not however guarantee economic development. This is because the…
Business Model Paper
This new business model was developed through abductive thinking in which our group members first wondered how the challenges in the airline industries can be resolved and what is the future of the airline industry. The airline industry has been affected by emerging technologies as evidenced by the development of larger and more complex aircrafts and is market-driven due to the increasing demand…
Innovation, Entrepreneurship and Management Essay
Implication of Current Global Financial Crisis on Innovation of Firms Since innovation relies on resource allocation in terms of research and development, it is likely to be affected by current global financial crisis (Nakagawa,pg.258). A closer scrutiny of various European firms has revealed a significant change in innovation investment amidst the economic crisis. A survey conducted in 2009,…
Zara business model in comparison with others in apparel industry
A lot of companies in the industry face the challenge of being able to predict and even respond to the fast changing trends in a manner that is swift that will be able to meet the consumer demands. In this paper I will focus on Zara business model that continually changes with the changing customer demands. I will compare the model with other business models in the industry by using Gap.inc…
Frugal Innovation: Is the future of innovation in emerging markets?
Frugal solutions are highly likely to become necessary so as to stay relevant within stagnant markets of the West, as well as the growing middle class in emerging economies. The paper explores the place of fungal innovation in emerging markets. Background The bulk of the literature focuses on the dominant innovation models exhibited by multinational enterprises based in the developed world, and…
Organizational Change and Innovation
It is an undisputed fact that organizations must innovate in order to benefit from new technologies and resources to stay ahead of their competitors. Innovation, therefore, is viewed as both an ends and a means of securing competitive advantage. Organizational innovation has, therefore, been defined as the process whereby organizations engage in new product development or new uses of products and…
Business Model Innovation
AGLOCO (2007) stands for A GLOBAL COMMUNITY. It is a new online startup that it is promising to every member to "Own The Internet" as a slogan that hides within it the universal ideal of leveraging the power of Internet in our lives. It could be in a direct way, or in an indirect one. It is a hidden desire of all cybernauts to own the Internet. AGLOCO has captured it in a simple slogan: "Own the…