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Dynamic Formation of Business Networks: A Framework for ‘Quality of Information’-Based Discovery of Resources

Dynamic Formation of Business Networks: A Framework for ‘Quality of Information’-Based Discovery of Resources
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Author(s): Markus Eurich (ETH Zürich, Switzerland), Claudia Villalonga (ETH Zürich, Switzerland) and Roman Boutellier (ETH Zürich, Switzerland)
Copyright: 2013
Pages: 18
Source title: Technological Solutions for Modern Logistics and Supply Chain Management
Source Author(s)/Editor(s): ZongWei Luo (The University of Hong Kong, China)
DOI: 10.4018/978-1-4666-2773-4.ch013

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Abstract

New business opportunities rarely conform to the way the industry traditionally approached the market, which is an opportunity for newcomers and flexible small and medium-sized enterprises to be the first in recognizing and taking advantage of emerging market opportunities. However, newcomers and small and medium-sized enterprises may be too young or too small to possess all the required competencies and resources. They need to organize themselves in business networks, in which business partners complement each other. This article suggests a sketch of the form and methods of a framework that allows the ‘Quality of Information’-based discovery of potential business partners who can offer resources like sensors, actuators, and processing services. In the Real World Internet, this would enable small and medium-sized enterprises to create an appropriate business network and to quickly react to emerging business opportunities.

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