Free Software is the term coined by Richard Stallman in 1983 to denote programs whose sources are available to whoever receives a copy of the software and come with the freedom to run, copy, distribute, study, change and improve the software.As Richard Stallman’s concept grew in popularity, and with the subsequent advent of GNU/Linux, Free Software...
Like most financial institutions, Chase Global Markets (now part of J.P. Morgan Chase) found that e-business opportunities challenged its core business model. The Global Markets business serves large institutional investors (as opposed to individual investors) and thus handles very large transactions. The nature of the business creates unique chall...
Recent studies show that firms in the knowledge economy develop new services as well as new products, thus providing solutions, experiences and creating value with, as well as for, their customers (Prahalad & Ramaswarmy, 2004). The paper briefly reviews literatures on multiple forms of innovation, including innovation in services. Characteristics o...
The power of business models lies in their ability to visualize and clarify how firms' may configure their value creation processes. Among the key aspects of business model thinking are a focus on what the customer values, how this value is best delivered to the customer and how strategic partners are leveraged in this value creation, delivery and ...
In the context of international business, it is generally agreed that innovation in services contributes to the sustainable competitive advantage of service firms, and in part, such innovations may lead to new business models or solutions. Firms in the knowledge economy develop new services as well as new products, providing solutions (Howells, 200...
