Market (Market-Based) Approach - Definition
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Academic Research Market (Market-Based) Approach Business models for people, planet (& profits): exploring the phenomena of social business, amarket-based approachto social value creation, Wilson, F., & Post, J. E. (2013). Small Business Economics,40(3), 715-737. This article explores the hybrid phenomenon of social business, that is, both a form of organization and a practice that deliberately harnesses market dynamics to address deeply rooted social issues through the design and implementation of a core product or service. This exploratory research inductively explores the process by which social businesses are designed. Delineating the Domain of Development Entrepreneurship: AMarketBased Approachto Facilitating Inclusive Economic Growth, McMullen, J. S. (2011). Entrepreneurship Theory and Practice,35(1), 185-215. This paper explores the recent calls by development economists for the enactment of a more market-based approach to combat poverty in least developed countries. This article proposes a theory of development entrepreneurship that blends business entrepreneurship, social entrepreneurship, and institutional entrepreneurship to accelerate the institutional change necessary to make economic growth more inclusive. In this paper, the author explains the reasons for the enactment of entrepreneurial transformations. The best business schools: Amarket based approach, Tracy, J., & Waldfogel, J. (1994). (No. w4609). National Bureau of Economic Research. This paper presents a new methodology for ranking business schools. Data derived from labor markets for new MBAs is used, as opposed to the traditional use of subjective survey responses. In this paper, the authors adjust programs' salaries for the quality of entering students in an attempt to distinguish value added from the quality of incoming students, and these programs are then ranked according to value added. Results show that tuitions are better charged on value added, rather than raw salaries. Amarket-based approachto allocating QoS for multimedia applications, Yamaki, H., Wellman, M. P., & Ishida, T. (1996, December). InProceedings of the Second International Conference on Multi-Agent Systems, ICMAS(Vol. 96, pp. 385-392). This paper focuses on the quality of service (QoS) allocation in a distributed environment. This paper provides a decentralized approach to allocate QoS through a market. The authors describe a market model for allocating bandwidth in an actual networked meeting environment called FreeWalk, and present the effectiveness of the market-based approach to allocating QoS for multimedia network applications, using experiments. AMarket-Based Approachto Coupon Settlements in Antitrust and Consumer Class Action Litigation, Leslie, C. R. (2001). UCLA L. Rev.,49, 991. In this paper, the author focuses on the settlement of litigation and class action cases with the use of coupon-based settlements, where a defendant eliminates its legal liability by paying the class members in coupons. The author analyses how defendants structure these coupons as promotional coupons, thus making it worthless for most class members. The author concludes that requiring a common currency in payments to class and counsel is the most efficient way to protect class members from collusive settlements Amarket-based approachto recommender systems, Wei, Y. Z., Moreau, L., & Jennings, N. R. (2005). ACM Transactions on Information Systems (TOIS),23(3), 227-266. This paper examines the possible positive impacts of recommender system when used in a marketplace. The article presents a principled design of such marketplace and evaluates the market's capability to effectively coordinate multiple methods. Through analysis and simulation, the authors show that their market is capable of shortlisting recommendations in decreasing order of user perceived quality and of correlating the individual agent's internal quality rating to the user's perceived quality. An equilibratorymarket-based approachfor distributed resource allocation and its applications to communication network control, Kuwabara, K., Ishida, T., Nishibe, Y., & Suda, T. (1996). InMarket-based control: A paradigm for distributed resource allocation(pp. 53-73). Amarket-based approachto optimal resource allocation in integrated-services connection-oriented networks, Thomas, P., Teneketzis, D., & Mackie-Mason, J. K. (2002). Operations Research,50(4), 603-616. In this paper, the authors present an approach to the admission control and resource allocation problem in connection-oriented networks that offer multiple services to users. Users' preferences are summarized by means of their utility functions, and each user is allowed to request more than one type of service. A static optimization problem is generated from the relationship between Quality of Service QoS and resource allocation. The objective of the optimization problem is to determine the amount of and required resources for each type of service to maximize the sum of the users' utilities. Amarket-based approachfor partner selection in marketing alliances, Dev, C. S., Klein, S., & Fisher, R. A. (1996). Journal of Travel Research,35(1), 11-17. The travel and tourism industry has witnessed the formation of a number of marketing alliances in the recent past and these are expected to continue. A critical concern is how should one select a marketing partner. This article provides a starting point for answering this question with a market-driven approach based on customer usage complementarity. Amarket-based approachto workflow automation, Harker, P. T., & Ungar, L. H. (1996, May). InNSF Workshop on Workflow and Process Automation in Information Systems (Athens, GA, May 8-10). Available at http://www. cis. upenn. edu/ungar/NSF. html. In this study, the authors propose a market-based approach to workflow problems in which human and computer agents bid for tasks and resources in an open market or auction, and demonstrate its applicability to a small business loan application process. Resource allocation in decentralised computational systems: an evolutionarymarket-based approach, Lewis, P. R., Marrow, P., & Yao, X. (2010). Autonomous Agents and Multi-Agent Systems,21(2), 143-171. In this study, the authors present a novel market-based method, inspired by retail markets, for resource allocation in fully decentralised systems where agents are self-interested. In order to capture the interaction between self-interested agents, the authors propose the use of competitive coevolution.This study demonstrates the behaviour of an approach in simulation, whereevolutionary market agentsact on behalf of service providing nodes to adaptively price their resources over time, in response to market conditions. Amarket-based approachto understanding communication and teamworking: a multi-disciplinary literature review, Peters, L. D., & Fletcher, K. P. (2004).Academy of Marketing Science Review,2004(2), 1-37. In this paper, the authors take an interdisciplinary approach to examining communication and team working. This is done by comparing three discipline-based approaches to understanding the effectiveness of organisational groups, and then show how their interrelationship may provide a single approach to understanding communication and team-working in organisational groups.