Lecture 1 - Introduction to Smart Business Networks Flashcards
How can Business Networking be seen in the new economy? (Österle et al, 2001)
The coordination of processes within an across companies. More precisely, as the management of IT-enabled relationsihps between internal and external business partners
What is Smart Business Networking? (van Heck & Vervest, 2007)
Firms in a Business Network using ICT to outperform/be smarter than other firms and networks
What is Internet of Things (IoT)?
A system of interrelated computing devices, mechanical and digital machines provided with unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction
What are Simulation techniques?
To provide insight (scenario-analyses) in the effects of policy choices
What is Group decision and negotiation?
Using simulation techniques, data visualization, gaming and gamification to support decisions and policy making
What is the Digital Mesh?
An evolving mesh of smart machines, connecting to billions of things, to devices (smartphones, wearables, laptops, voice activated personall assistants), people, sensors, autonomous agents, information and services
What is SMACIT?
Social Media, Advanced analytics, Cloud technology, Internet of things, mobile Technology. They feed each other data and enable each other to work. Also referred to as the Digital Ecosystem: IT has developed into a worldwide mesh of resources, providing ever changing opportunities for innovations, smart business services & smart business networking
Describe the history of the course
- NEFETI research 1998-2002
o Networked Enterprises of the Future Enabled by Telematics Infrastructure - TICS 2002-2004
o Telematics Innovation and Control in Supply chains - Networkability of Business Networks 2005-2009 (Alt et al)
o See: Int J of Electronic Markets - Smart Business Networking 2009-.. (Van Heck et al)
o Also known as “eBusiness”
o “IT for high performance business networking” - Since 2014: focus on business model innovation & promising startups in recent years (instead of –again- focus on Amazon, Bol.com, Microsoft, etc)
What are the 6 pillars of the NEFETI framework? (Smits, 2002)
- Strategic drivers for networking (why become part of a certain network?)
- Enabling conditions for networking
- Structure of the network (number of firms, relationships)
- IT in the network (e.g. IoT or Blockchain)
- Functioning of the network
- Performance of the network
What is the goal of the Enterprise service bus/Business bus? (Österle et al, 2000)
To enable redesign of customer services, provided by a business network where organizations together deliver to a client
What is Digital Transformation? (Wessel et al, 2021)
Digital Transformation activities leverage digital technology in (re)defining an organization’s value proposition. It involves a new organizational identity. SBN is related to this
What is IT-enabled Organizational Transformation? (Wessel et al, 2021)
IT-enabled organizational transformation activities leverage digital technology in supporting the value proposition. It enhance the existing organizational identity. SBN is not related to this
What are the 3 impacts of IT on marketing
- Reach of marketing communications broadened
- Richness of marketing communications broadened
- Information intensity of marketplace expanded
What is a business network?
A set of firms (> 2) that provides services to customers, uses services from suppliers and operates as ‘one firm’, owned by different owners, controlled by different ‘operators’/management teams
What are the 3 types of business networks? (Miles & Snow. 1992)
Stable network
- a long-term stable relationship between suppliers, producers, and distributors.
- designed to serve a mostly predictable market by linking together independently owned specialized assets along a given product or service value chain.
Internal network
- to create a market inside a company.
- Organizational units buy and sell goods and services among themselves at prices established in the open market.
Dynamic network
- components along the value chain coupled contractually for perhaps a single project or product and then decoupled to be part of a new value chain for the next business venture.
