Creating Business Opportunities Based on Use of Electronic Knowledge Business Models

Abstract

The advent of the innovation economy has transformed knowledge into the most valuable corporate asset and a key driver of product and service innovation. Therefore, the determinants of enterprise success have shifted from external factors, such as market and competitive factors, to internal factors, such as dynamic innovation capability, based on enterprise core competences and knowledge. Knowledge-based enterprises can convert intellectual assets (IA) into currency via commercial methods such as sales, licensing, joint ventures, strategic alliances, mergers, new business entities and donations (Skyrme, 2001; Sullivan, 2000; Wang et al., 2009). Trading and sharing of knowledge with other enterprises can be more beneficial than using knowledge internally. Electronic commerce (e-commerce) supports on-line functions such as transmission, trading and making payments for products and services. Moreover, electronic commerce- based knowledge commerce (k-commerce) denotes real-time marketing and the delivery of existing organizational knowledge via the Internet to enable the legal and rapid transfer of knowledge from owners to consumers.