Proceedings ArticleDOI
Innovative perspectives: value creation and electronic procurement
John Douglas Thomson
- pp 417-422
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TLDR
This research addresses the very important question of the impact of web-based electronic procurement systems on corporate governance, as related to organizational purchasing and value creation, with a value creation mechanism in the form of an electronic procurement data base model.Abstract:
This research addresses the very important question of the impact of web-based electronic procurement systems on corporate governance, as related to organizational purchasing and value creation. Unlike traditional marketplaces where the sale and purchase of products takes place at specific locations, the electronic marketplace is mainly designed to use the Internet infrastructure to exchange information and create virtual communities in space (Hagel and Armstrong 1997), where transactions between buyer and seller take place.But a lack of theoretical investigation and empirical evidence suggests uncertainty as to whether the Internet and electronic technology based transactions represents a 'new economy' unbounded by traditional economic principles (Arthur 1994; Porter 2001). For reasons of competitive advantage and intellectual property ownership, there remains a 'paucity of studies' investigating value creation mechanisms in the electronic commerce sector (Park, Mezias and Song 2004 p8). This paper suggests a value creation mechanism in the form of an electronic procurement data base model. This generic model was developed for a multinational organization and successfully tested with two other multinational organizations. The capturing of this ephemeral data and creating value from it is the focus of this paper.read more
Citations
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E-Procurement: How Does it Enhance Strategic Performance
TL;DR: In this article, the authors highlight the strategic choices, various profiles and salient factors of electronic procurement (eprocurement) and identify some factors which are important when adopting a strategic, rather than a tactical e-procurement perspective.
References
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Journal Article
Strategy and the Internet.
TL;DR: Porter as discussed by the authors argues that the Internet is not disruptive to most existing industries and established companies and, contrary to recent thought, the Internet itself will be neutralized as a source of advantage.
Book
The theory of the leisure class; an economic study of institutions
TL;DR: Aims to challenge some of man's cherished standards of behavior, with devastating wit and satire.
Book
Net Gain: Expanding Markets through Virtual Communities
John Hagel,Arthur Armstrong +1 more
TL;DR: Hagel as mentioned in this paper discussed the effects of virtual communities on business models and marketing strategies. But he did not discuss the impact of virtual community on marketing strategies and did not address how virtual communities can help expand markets, increase visibility, and improve profitability.
Organisational culture and leadership
TL;DR: A review of the book "Organizational Culture and Leadership" by Edgar H. Schein is given in this paper, where the authors present a review of their approach to organizational culture and leadership.
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