1,782 research outputs found

    Business models for the Web: an analysis of top successful web sites

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    To investigate successful web business models, an original multidimensional framework is defined and applied to a large number of web sites. The frameworkñ€ơ named BM*Webñ€ơ combines issues already present in existing schema describing business models, with innovative aspects that have not previously been taken into account in those combinations or which are now viewed in a new light. Results of the application of BM*Web to the 500 top list of Alexa (at a speficic time) highlight an articulated picture where more than one success profile exists and not all of them include a web community, although a strong relationship exists between community and success under some conditions. The identification of features that characterize the most successful business models for the Web could be used to define guidelines for company management, once the appropriate profile for a company has been recognised.

    The economics and business models of prescription in the Internet

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    L'Ă©conomie de l'Internet a contribuĂ© Ă  une ouverture du jeu concurrentiel en dissociant les fonctions physique et informationnelle des activitĂ©s de distribution. Plus prĂ©cisĂ©ment, elle a ouvert la voie Ă  de nouvelles structures de marchĂ© en mettant en avant une fonction de prescription clairement distincte des fonctions d'offre d'une part, des fonctions logistiques et de mise Ă  disposition des biens d'autre part. Nous nous attachons ici Ă  montrer que l'analyse des fonctions et modalitĂ©s de prescription permet de mieux comprendre les modĂšles d'affaires et les structures concurrentielles Ă  l'Ɠuvre dans l'Ă©conomie de l'Internet organisĂ©es autour de l'articulationde trois marchĂ©s : biens primaires, rĂ©fĂ©rencement, prescription. Cette modĂ©lisation de marchĂ©s Ă  prescription contribue Ă  enrichir la comprĂ©hension des chaĂźnes de valeur et des relations d'affaires repĂ©rables dans l'Internet.prescription;internet

    TRENDS AND CHALLENGES OF ROMANIAN BROKERAGE INSURANCE MARKET

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    The distribution of insurance products represents a key aspect regarding theattainment of positive results by insurers. Insurance brokers represent one of the majordistribution channels in some national markets, including Romania. The present paper aimsat highlighting the importance of insurance brokerage on the Romanian market, analyzing theevolution of brokers in quantitative terms and also grasping the main characteristics of therecent evolution of this market. Based on the official statistics, the paper emphasizes the mainmanagerial aspects that have guided and will guide the Romanian brokerage market, as wellas the challenges brokers will have to solve in order to have a positive development.insurance, brokers, distribution channels

    Shopbots, Powershopping, Powersales: New Forms of Intermediation in E-Commerce - An Overview -

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    With the advent and proliferation of the Internet many aspects of business and market activities are changing. New forms of intermediation also called cybermediaries are becoming increasingly important as a coordinator of interaction between buyers and sellers in the electronic market environment. Especially the overwhelming abundance of information offered by the Internet promotes the development of new intermediarie like malls, shopbots, virtual resellers etc. This paper provides a detailed overview of different new forms of cybermediation and illustrates their influence on consumer choice, firm pricing and product differentiation strategies.comparison shopping, cybermediaries, e-commerce, shopbots

    Duopolistic Competition between Independent and Collaborative Business-to-Business Marketplaces

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    This paper studies imperfect price competition between two intermediaries in an electronic business-to-business matching market with indirect network externalities. The intermediaries differ with regard to their ownership structure: an independent third party incumbent marketplace competes with a challenging collaborative buy-side consortium marketplace in terms of attracting buying and selling firms. When firms can register exclusively with at most one intermediary, the incumbent is only able to deter entry if the number of firms taking ownership in the consortium is sufficiently small. Otherwise, the consortium can successfully enter and monopolize the market. When firms can multihome, i.e. they register simultaneously with both intermediaries, the consortium can always enter while both intermediaries stay in the market with positive profits. --B2B e-commerce,intermediation,network externalities,matching

    The securities custody industry

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    Custody is, in essence, a service consisting in holding (and normally administering) securities on behalf of third parties. In step with the growth of sophisticated financial markets, custody has evolved into a complex industry no longer characterised by physical safekeeping but by a range of information and banking services. Given the multi-tier structure of the industry, custody services are provided by a variety of intermediaries. This paper describes the development of the custody industry and the structure of the custody services market. It also discusses the risks involved in custody and the challenges the industry is facing, particularly in the European context. JEL Classification: G15, G21, L22.Custody industry, securities settlement, systemic risk, custodian banks, global custodians.

    The economics and business models of prescription in the Internet

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    Our premise is that the mechanisms at work in distribution and intermediation at stake in the business models existing on Internet should be assessed in terms of a prescription economy. By analyzing the markets in terms of prescription, i.e. the capacity of a firm to transform the potential request of a customer into a specific proposal of products, we can investigate the structure of a product or service supply, the decision-making process involved in purchasing, market configurations, and business strategies and models. Analyzing intermediation and information markets in terms of prescription means considering three-pronged markets where prescribers are not simple intermediaries but third parties : they act alongside producers and consumers – not between them – in order to structure the product or service supply or to assume responsibility for some aspect of the consumer decision. If we proceed on this assumption, we can identify the market strategies and structures that characterize a prescription economy.L'Ă©conomie de l'Internet a contribuĂ© Ă  une ouverture du jeu concurrentiel en dissociant les fonctions physique et informationnelle des activitĂ©s de distribution. Plus prĂ©cisĂ©ment, elle a ouvert la voie Ă  de nouvelles structures de marchĂ© en mettant en avant une fonction de prescription clairement distincte des fonctions d'offre d'une part, des fonctions logistiques et de mise Ă  disposition des biens d'autre part. Nous nous attachons ici Ă  montrer que l'analyse des fonctions et modalitĂ©s de prescription permet de mieux comprendre les modĂšles d'affaires et les structures concurrentielles Ă  l'Ɠuvre dans l'Ă©conomie de l'Internet organisĂ©es autour de l'articulationde trois marchĂ©s : biens primaires, rĂ©fĂ©rencement, prescription. Cette modĂ©lisation de marchĂ©s Ă  prescription contribue Ă  enrichir la comprĂ©hension des chaĂźnes de valeur et des relations d'affaires repĂ©rables dans l'Internet

    Chapter 10 Challenger bank as a new digital form of providing financial services to retail customers in the EU Internal Market

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    ‘Challenger banks’ are banks or non-banking start-ups, the operations of which are based on digital technologies and which challenge big, traditional banks. It is a new approach to provide financial services, where an agile organization and new technologies are the key success factors. The aim of the study is to explore the operations of challenger banks and their new digital approaches to provide banking and investment services to retail customers as an innovation in the financial market. The case of Revolut is used as a unit of analysis. The study makes an attempt to identify and explore: (i) What product innovations have been implemented by Revolut in regard to the customers’ access to financial markets? (ii) How does Revolut compete with other challenger banks and traditional financial institutions? (iii) What are socio-economic consequences of innovations introduced by challenger banks? (iv) What is the legal formula of Revolut's operations? From the perspective of management theory, the study identifies the mechanisms of developing and implementing innovations in the financial sector, in the context of digital transformation and the changes in legal regulations
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