Trust and Social Commerce

Internet commerce has transformed the marketing of goods and services. The separation between point of sale and seller, and the presence of geographically dispersed sellers who do not engage in repeated transactions with the same customers challenge traditional mechanisms for building the trust required for commercial exchanges. In this changing environment, legal rules and institutions play a diminished role in building trust. Instead, new systems and methods are emerging to foster trust in one-shot commercial transactions in cyberspace. The Article focuses on the rise of “social commerce,” a socio-economic phenomenon centered on the use of social media and other modes of social connection in electronic commerce. It identifies three mechanisms that are central to the development of trust in social commerce: communication and voluntary disclosure; barriers to entry; and community policing. These mechanisms simulate the characteristics of closely-knit environments, creating conditions conducive to trust. The Article describes these mechanisms in four new commercial settings: the sharing economy; next generation electronic commerce; online escort services; and online black markets in credit cards and controlled substances

Trust and Social Commerce

Internet commerce has transformed the marketing of goods and services. The separation between point of sale and seller, and the presence of geographically dispersed sellers who do not engage in repeated transactions with the same customers challenge traditional mechanisms for building the trust required for commercial exchanges. In this changing environment, legal rules and institutions play a diminished role in building trust. Instead, new systems and methods are emerging to foster trust in one-shot commercial transactions in cyberspace. The Article focuses on the rise of “social commerce,” a socio-economic phenomenon centered on the use of social media and other modes of social connection in electronic commerce. It identifies three mechanisms that are central to the development of trust in social commerce: communication and voluntary disclosure; barriers to entry; and community policing. These mechanisms simulate the characteristics of closely-knit environments, creating conditions conducive to trust. The Article describes these mechanisms in four new commercial settings: the sharing economy; next generation electronic commerce; online escort services; and online black markets in credit cards and controlled substances

Social commerce Open Innovation in healthcare management: an exploration from a novel technology transfer approach

This paper presents an Open Innovation approach, AgorIP, for commercialisation of opportunities within Health & Social Care and Life Sciences, piloted in south-west Wales. This approach, supported by Welsh Government, NHS Wales, universities and private sector aims to develop new markets and innovations, where all opportunities are rigorously assessed for existing and/or new market potential. In parallel, the empowerment of citizens to manage their personal and collective health, and to access information and services has become an important driver, becoming a disruptive development within the state-centric integrated health economy. This paper examines the relevant policy context and emerging portfolio of innovations within AgorIP to explore emergence of social commerce innovation in Health care management. Findings reflect the above dynamics and constraints, with innovations showing segmentation across geographic, demographic and disease-sufferer groups. The authors therefore offer the AgorIP initiative as an interesting space to observe the potential for Open Innovation of social commerce within the health sector

IS/IT in developing and emerging economies

Copyright @ AMCIS 2007In spite of the rapid growth many developing and emerging economies are experiencing, with much of this growth supported by information technology (IT), published research dealing with IT in developing economies is still very limited. The objective of this paper is to direct attention to this apparent gap and provide an overview of the issues related to information systems (IS) and IT specifically in developing and emerging economies. Business and social conditions specific to developing and emerging economies and their potential effects on IS/IT implementations are discussed. After a brief review of papers presented at previous AMCIS conferences, some research areas that seem particularly in need of more attention are identified

Internationalization strategies of frontier Lusophone-African multinational enterprises: comparative case studies of Angola and Mozambique

Internationalization theories suggest that enterprises from emerging and frontier markets will adopt different entry modes than those in advanced economies. There are very few studies to date, however, examining the process of how multi-national enterprises (MNEs) from frontier markets internationalize or evaluating which factors influence their mode of entry into global markets. This research investigates the internationalization strategies of Lusophone Africa MNEs from Angola and Mozambique, more specifically their entry mode, to expand the framework for entry mode strategies to include the motivations and issues of MNEs from emerging and frontier economies. Surveys, as well as in-depth, in-country, qualitative interviews reveal that these frontier and emerging market MNEs opted for equity-based investment strategies as their preferred mode of entry. A significant group second group opted for e-commerce/e-business strategies, and direct and indirect exports. Finally, a smaller portion of the interviewees chose Greenfield investment as a mode of entry. Many of these MNEs could be classified as born global/INV.https://doi.org/10.1080/15475778.2017.1335127Accepted manuscriptPublished versio

Lusophone-African SME internationalization: a case for born global and international joint ventures

This study investigates the internationalization strategies of Lusophone Africa multinational enterprises (MNEs) from Angola and Mozambique, more specifically their entry mode. Information was gathered through a survey of 29 MNEs upper management respondents and subsequent face-to-face semi-structured interviews with 24 of them in their countries. The results suggest that most MNEs opted for equity-based investment strategies, mainly joint venture and mergers and acquisitions (M&A) as their preferred mode of entry when internationalizing. A significant group of them opted for e-commerce/e-business strategies and direct and indirect exports. A smaller portion of the interviewees chose Greenfield investment as a mode of entry. Many of these MNEs could be classified as born global/international new venture (INV). Finally, this study presents a conceptual framework for use in studying the entry mode choice of enterprises from Lusophone Africa frontier markets and presents research propositions for better understanding the determinants of entry mode strategies of enterprise from Angola and Mozambique.https://doi.org/10.1080/15475778.2019.1634406Accepted manuscriptPublished versio

The globalization of Chinese energy companies

This repository item contains a report from the Boston University Global Economic Governance Initiative. The Global Economic Governance Initiative (GEGI) is a research program of the Center for Finance, Law & Policy, the Frederick S. Pardee Center for the Study of the Longer-Range Future, and the Frederick S. Pardee School of Global Studies. It was founded in 2008 to advance policy-relevant knowledge about governance for financial stability, human development, and the environment

Proceedings of the Conference on Emerging Economic Issues in a Globalizing World

Performance is a state of competitivity that ensures the maintenance and the development on the market, where everybody attempts to reach the first place. Each enterprise will take advantage from the business environment, and in order to get one step ahead the others it will „invent” new methods of winning the competition, since nowadays performance has got larger valencies (global performance or lasting development). This paper tries to assess the Romanian business environment on sectors of activity, especially in the year 2007, when Romania has become a member of the European Union and to make comparisons between the Romanian business environment and that of other countries. We believe that a valid analysis of the business environment is very important as it helps the enterprises to be aware of the direction they are heading and contributes to pointing out the favourable factors it should develop, the ones that give them a competitional advantage, but also the factors that have a bad influence. Moreover, we try to present the strengths and the weaknesses, the opportunities and the drawbacks of the Romanian business environment.Romanian business

Russia: Prospects for Economic Renewal: A U.S.-Russian Business Dialogue on New Forms of Economic Partnership

This paper compiles highlights from remarks by participants at the U.S.-Russian Business Dialogue on May 17, 2000. Participants include: Charles Kolb, President, CED; Robert Legvold, Professor of Political Science, Columbia University; George Russell, Jr., Chairman, Frank Russell Company; Peter Charow, Executive Vice President, EastWest Institute and former Vice President for commercial development and Chief Representative, BPA Exploration for BP Amoco in Moscow; Scott Blacklin, President, American Chamber of Commerce; Bernard Sucher, Troika Dialog; Aleksandr Surikov, Economic Senior Counselor, Embassy of the Russian Federation; John Price, Managing Director, Chase Manhattan Corporation; Eugene Lawson, President, U.S.-Russia Business Council; Doug Gardner, Partner, Arthur Anderson, Moscow; Jack Brougher, Director, Russia and Independent States, U.S. Department of Commerce; and John H. Schmidt, Director, Russian Cooperation Program, Boeing