This book presents a rich compilation of real-world cases on digitalization, the goal being to share first-hand insights from respected organizations and to make digitalization more tangible. As virtually every economic and societal sector is now being challenged by emerging technologies, the...

Business process management (BPM) is an acknowledged source of corporate performance. A well-established element of the BPM toolbox by which organizations intend to tune the performance of their processes is business process standardization (BPS). So far, research on BPS has predominantly taken...

Business process management (BPM) is an important area of organizational design and an acknowledged source of corporate performance. Over the last decades, many approaches, methods, and tools have been proposed to discover, design, analyze, enact, and improve individual processes. At the same...

Private Finanzplanung berücksichtigt die besonderen Eigenschaften illiquider Anlagen nur unzureichend. Der vorliegende Beitrag stellt zunächst ein wissenschaftliches Modell zu deren Berücksichtigung bei der Portfoliooptimierung vor. Er zeigt, dass Illiquidität starke Auswirkungen haben kann...

Striving for efficient asset allocation investors usually have limited risk bearingability. This results in an upper limit for their portfolio volatility that must not be exceeded.Ensuring compliance with this risk limit at any point in time is essentially complicated bytwo factors: First,...

Auf Kundenindividualität ausgerichtete Geschäftsmodelle sind insbesondere für Unternehmenin wettbewerbsintensiven Märkten erfolgskritisch. Unternehmen, welche gekoppelteAbsatz- und Finanzierungsgeschäfte anbieten, sind dabei sowohl dem Absatzrisikoihrer Produkte als auch dem Risiko hoher...

IT fashions are IT innovations within a hyped phase. They are on the rise and claimed to be “the next big thing”. Investing in IT fashions bears potential for high returns in case the technology becomes institutionalized and first mover advantages can be realized. Contrary, it bears the risk...

Many Online Social Networks do not generate sustainable revenues through advertising, even though active usage hasreached enormous scales. To enable more effective advertising strategies in Online Social Networks, it is essential to identifyusers who can affect a large number of friends,...

As poor data quality usually leads to high costs, managing data quality is essential for organizations. Thereby, comparing thecurrent with the required data quality level is necessary for an effective and economics-driven data quality management.Otherwise decision makers might decide in favor of...