Business Commons^™

Open Innovation And Strategy, Henry W. Chesbrough, Melissa M. Appleyard

Business Faculty Publications and Presentations

The article discusses a process of business innovation known as open innovation and its relation to traditional business strategy. The competitive strategy developed by Michael Porter emphasized rivalry, buyer power, and barriers to entry as forces that could enhance a producer's surplus. The authors discuss the impact of the Porterian value chain, the processes of production through to the consumer, on subsequent business practices. However, this theory does not account for external sources of value to a company, such as innovation communities, volunteer contributors and surrounding networks, including social networking web sites, open source software and the Wiki model of …

Using Reconstructability Analysis For Input Variable Reduction: A Business Example, Stephen Shervais, Martin Zwick

Systems Science Faculty Publications and Presentations

We demonstrate the use of reconstructability analysis (RA) on the UCI Australian Credit dataset to reduce the number of input variables for two different analysis tools. Using 14 variables, an artificial neural net (NN) is able to predict whether or not credit was granted, with a 79.1% success rate. RA preprocessing allows us to reduce the number of independent variables from 14 to two different sets of three, which have success rates of 77.2% and 76.9% respectively. The difference between these rates and that of the 14-variable NN is not statistically significant. The three-variable rulesets given by RA achieve success …

Global Sourcing And Logistics, Martin Christopher, Fu Jia, Omera Khan, Carlos Mena, Erik Sandberg

Business Faculty Publications and Presentations

The sourcing of products from across the global marketplace is an increasing trend associated with economic development. This trend is the result of many independent decisions taken by firms around the world looking for new sources of competitive advantage. However, these decisions can also have unintended consequences, exposing the firms to hidden costs and risks, creating congestion at different points in the global transport infrastructure and increasing emissions of pollutants and greenhouse gases.

This report presents the results of a project conducted in 2006-07, aimed at improving global sourcing practices, with a particular emphasis on the implications for the UK. …