Business Commons^™

Value Creation In A Virtual World, Kieth R. Hales

Kieth Hales

During the past two decades, increasingly powerful and capable information technologies have made information more accessible and valuable so that it has become the prime resource for business; ahead of the traditional resources of land, labour and capital. Improved information acquisition, usage and distribution has also driven and enabled globalisation. The emergence of the virtual enterprise (VE) is one consequence of changed market conditions and advanced information communications technology (ICT). VE s are characterised by various configurations of networks of collaborating partnerships and intensive ICT linkages. As ICT has become more pervasive, businesses have become increasingly reliant on it for …