Van Heck & Vervest (2007) - Smart Business Networks: how the network wins

Question 1

Network horizon

Answer 1

the number of nodes that an actor can “see” from a specific position in the network.

Question 2

Smart Network

Answer 2

The ability to rapidly pick, plug and play.

Question 3

Capabilities of a smart business network

Answer 3

• operates value chain activities simultaneously
• organizes data flows
• has higher network horizon
• can quickly connect and disconnect
• the selection and execution of business processes across the network
• uses embedded business logic

Question 4

What is smart business networking

Answer 4

a set of inter-organizational relationships between a focal actor and independent external actors who are closely linked and are working together to create value fo the customer

Question 5

What is a smart network

Answer 5

a network that outperforms, where the network provides complex services and is demand driven

Question 6

how can firms achieve a higher network horzion

Answer 6

1. Start thinking about network strategy

2. Identify which network is relevant for their business