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Discovering the Dynamics of Smart Business Networks

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  • Pau, L-F.

Abstract

In an earlier paper ,was discussed the necessary evolution from smart business networks, as based on process need satisfaction and governance, into business genetics [1] based on strategic bonds or decay and opportunistic complementarities. This paper will describe an approach and diffusion algorithms whereby to discover the dynamics of emergent smart business network structures and their performance in view of collaboration patterns over time. Some real life early analyses of dynamics are discussed based on cases and date from the high tech sector. Lessons learnt from such cases are also given on overall smart network dynamics with respect to local interaction strategies, as modelled like in business genetics by individual partner profiles, goals and constraints. It shows the weakness of static "business operating systems", as well as the possibly destabilizing clustering effects amongst nodes linked to filtering, evaluation and own preferences.

Suggested Citation

  • Pau, L-F., 2007. "Discovering the Dynamics of Smart Business Networks," ERIM Report Series Research in Management ERS-2007-081-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    • Handle: RePEc:ems:eureri:10732
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    References listed on IDEAS

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    1. Dan Braha & Yaneer Bar-Yam, 2005. "Information Flow Structure in Large-Scale Product Development Organizational Networks," Springer Books, in: Peter Vervest & Eric Heck & Louis-François Pau & Kenneth Preiss (ed.), Smart Business Networks, chapter 8, pages 105-125, Springer.
    2. Peter Vervest & Eric Heck & Louis-François Pau & Kenneth Preiss (ed.), 2005. "Smart Business Networks," Springer Books, Springer, number 978-3-540-26694-5, September.
    3. Dietmar Maringer & Tikesh Ramtohul, 2012. "Regime-switching recurrent reinforcement learning for investment decision making," Computational Management Science, Springer, vol. 9(1), pages 89-107, February.
    4. Nier, Erlend & Yang, Jing & Yorulmazer, Tanju & Alentorn, Amadeo, 2007. "Network models and financial stability," Journal of Economic Dynamics and Control, Elsevier, vol. 31(6), pages 2033-2060, June.
    5. Giorgio Gnecco & Marcello Sanguineti, 2009. "The weight-decay technique in learning from data: an optimization point of view," Computational Management Science, Springer, vol. 6(1), pages 53-79, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    SBN; business genetics; dynamics; network performance; smart business networks;
    All these keywords.

    JEL classification:

    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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