Economics 2150A/B Study Guide - Quiz Guide: Network Economy, E-Procurement, E-Commerce

• School: Western University
• Department: Economics
• Course: Economics 2150A/B
• Professor: Colin Denniston

Document Summary

Emerging economic order within the information society i key attribute: products and services are created and value is added through social networks operating on large or global scales. Business models for capturing ownership rights for value embedded in products and services created by social networks are being explored. All social relations made from a person, a company or a contact to another + members are economical independent, but non-competitive. Strategic network value creation, intermediate organisation form, risk diversion, combination & scale effects etc. Evolution of developed countries from an industrial/manufacturing-based wealth. E-commerce producing economy into a service sector for-profit economy. E-commerce mostly seen as a subset of e-business (buy-side & sell-side) E-procurement goods and/or services at the best possible total cost of ownership, in the right quality and quantity, at the right time, in the right place and from the right source for the direct benefit. Business models (4 layers of companies: technical, 2.