The design of business models is of decisive importance and as such it has been a major research theme in service and particularly electronic markets. Today, different definitions of the term and ideas of core constructs of business models exist. In this paper we present a unified vocabulary for business models that builds upon the elementary perception of three existing, yet very dissimilar on...

Business strategies are vital for an organisation in the dynamic business environment today. However, most organisations are still facing issues in effectively executing the business strategies. The misalignment of operational factors such people, business operations, and IT systems, is one major problem that hinders the best performance of an organisation and degrades the value of business str...

Most organizations today operate in a highly complex and competitive business environment and need to be able to react to rapidly changing market conditions. IT management frameworks are widely used to provide effective support for business objectives through aligning IT with business and optimizing the use of IT resources. In this paper we analyze three IT management frameworks (ITIL, COBIT an...

Six Sigma is a very hot topic in the business world today. Originally developed by Motorola as a metric and methodology for reducing manufacturing defects, Six Sigma is now used to describe a broader array of process improvement methodologies. The focus of Six Sigma is to eliminate waste, redundancy, and error that result from unnecessarily complex or ill defined business processes. Over the pa...

Today, there is more interest than ever about “e.” The Internet, ecommerce and e-business undoubtedly hold an important key to every organisation’s future. The paper aims to introduce a web data mining solution to e-businesses to discover hidden patterns and business strategies from their customer and web data. A three-layer virtual e-business framework is proposed in the paper, as well as the ...

During business meetings, blind persons are not able to see the meaningful movements, and facial gestures of the participants. The formal meeting minutes and / or participants’ conversation during the meeting normally lack this important feedback in order to determine who is in favor and who is against their proposed suggestions. This is crucial in business negotiations, where one has to convin...

Competitiveness of an organization in the marketplace depends to a large extend on the adeptness of the business process in efficiently managing the workflow of an entity. Challenges that face business processes today is the inability reconfigure themselves based on knowledge from the workflow. The paper presents a framework that will allow information from the workflow to be stored as ontology...

It is today widely accepted that “Business Rules Independence” is required for information systems to better and more rapidly adjust to changes in the business environment, This paper’ attempts to articulate how logic based database systems provide adequate technology for better “Business Rules Independence”. These systems do so by going beyond “Data Independence” and by providing “Knowledge In...

o‰»41⁄4f1⁄2^3⁄4^¿3ÀMÁg1⁄4l»4ÂMÃnÄkÀMÃ&1⁄2 business, where talented merchants could tell by the look and feel of an item whether or not it was a winner. In order to be successful, retailing today can no longer be just a product-oriented business. According to Blischok, it must be a Å3Æ Ç4ÈMÉlÊ1ËCÌ'ÍgÉlÌ4ÎMËCÏUÈMË&Ð business and superior customer service comes from superior knowledge of the custo...

Today e-business requires an intensive knowledge exchange between participants of the global business information environment (e-business environment). Along with a large number of distributed knowledge sources representing knowledge in various formats this leads to appearance of a new direction in knowledge management called knowledge logistics (KL). The paper describes Knowledge Source Networ...