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New business and economic models in the connected digital economy

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Ng, Irene C. L. (2013) New business and economic models in the connected digital economy. Working Paper. Coventry: Warwick Manufacturing Group. WMG Service Systems Research Group Working Paper Series (Number 03/13).

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Official URL: http://www2.warwick.ac.uk/fac/sci/wmg/research/bus...

Abstract

This paper discusses business models as a systemic phenomenon as opposed to traditional reductionistic approaches of business disciplines. It presents the ways connectivity change economic models due to the availability of consumption data as an economic resource, markets forming at consumption spaces, and how industries could disrupt one another when connected through consumption technologies. The paper further suggests that the challenges posed by connectivity results in the redrawing of traditional firm and market boundaries. It proposes for more research into modularity, transaction costs, the future role of the firm, and the necessary transformation of businesses to stay agile in a connected digital economy.

Item Type:

Working or Discussion Paper (Working Paper)

Subjects:

H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions

Divisions:

Faculty of Science > WMG (Formerly the Warwick Manufacturing Group)

Library of Congress Subject Headings (LCSH):

Business forecasting, Economic forecasting, Economic indicators, Electronic commerce , Internet marketing , Consumers -- Research, Electronic data interchange

Series Name:

WMG Service Systems Research Group Working Paper Series

Journal or Publication Title:

WMG Service Systems Research Group Working Paper Series

Publisher:

Warwick Manufacturing Group

Place of Publication:

Coventry

ISSN:

2049-4297

Official Date:

2013

Dates:

Date	Event
2013	Available

Number:

Number 03/13

Status:

Not Peer Reviewed

Access rights to Published version:

Open Access

Description:

Forthcoming in Journal of Revenue and Pricing Management

References:

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URI:

http://wrap.warwick.ac.uk/id/eprint/56215

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