IRMA-International.org: Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Virtual Stock Markets as a Research Tool in Marketing and Management

Virtual Stock Markets as a Research Tool in Marketing and Management
View Sample PDF
Author(s): Lorenz Zimmermann (Ludwig-Maximilians-University Munich, Germany)
Copyright: 2010
Pages: 7
Source title: Encyclopedia of E-Business Development and Management in the Global Economy
Source Author(s)/Editor(s): In Lee (Western Illinois University, USA)
DOI: 10.4018/978-1-61520-611-7.ch046

Purchase

View Virtual Stock Markets as a Research Tool in Marketing and Management on the publisher's website for pricing and purchasing information.

Abstract

Virtual Stock Markets (VSM) are a young, powerful and still evolving research tool. VSM were developed around 20 years ago as forecasting instrument of election outcomes, having delivered very precise results ever since. In recent years, various business applications of the given concept have been presented, namely forecast generation, decision support, product concept evaluation and the identification of lead users. This article explains the basic concept of VSM, describes the potential areas of application and shows examples of successful implementations in business practice. Directions for further research are identified.

Related Content

Emrah Arğın. © 2022. 16 pages.
Ebru Gülbuğ Erol, Mustafa Gülsün. © 2022. 17 pages.
Yeşim Şener. © 2022. 18 pages.
Salim Kurnaz, Deimantė Žilinskienė. © 2022. 20 pages.
Dorothea Maria Bowyer, Walid El Hamad, Ciorstan Smark, Greg Evan Jones, Claire Beattie, Ying Deng. © 2022. 29 pages.
Savas S. Ates, Vildan Durmaz. © 2022. 24 pages.
Nusret Erceylan, Gaye Atilla. © 2022. 20 pages.
Body Bottom