Are you Linked?

One of the newer social media sites is LinkedIn.  This is business professional site which allows the user to "link" with other professionals or businesses that they have interest or connection with.  It is a form of social media that allows the user to connect with friends and family, find ideas and experts on certain topics, and explore career opportunities.

Here is a site that gives an overview of Linked in and the basic's of the site: http://learn.linkedin.com/profiles/overview/ 

A few of the basic elements of a LinkedIn profile:

1. Upload a photo
2. Headline- according to LinkedIn it is “Your headline gives you a way to sum up your professional ‘identity’ in a short phrase.”
3. Job  History
4. Education
5. Websites
6. Public Web Address- which under the Edit Profile option you can change the address to something shorter that you can stick on a business card or in your signature on an email.
7. Summary- LinkedIn states "“give a brief description of what you have done, what you are doing and the kinds of things in which you are interested.”

LinkedIn is a great resource to use for networking!  I recently created a LinkedIn account and am excited to starting "linking" to professionals! 

Thank you to the below resources:
http://learn.linkedin.com/what-is-linkedin/
http://learn.linkedin.com/what-is-linkedin/

Industry Consortium vs. Private Company Marketplace?

Have you ever wondered the difference between Private Company Marketplaces and Industry Consortia-sponsored Marketplaces?  I will explain the differences and similarities of both.

Private Company Marketplace

Electronic Commerce states " private company marketplace is a marketplace that provides auction, request for quote postings, and other features (many of which are similar to those of e-procurement software) to companies that want to operate their own marketplaces."  United Technologies was one of the first companies to start a private company marketplace in 1996. 

• One buyer, many sellers
• Harley Davidson, supply net
• Sellers bid on major buyer's business

 

Industry Consortia-Sponsored Marketplaces

Electronic Commerce states "is a marketplace formed by several large buyers in a particular industry".   One was the first created was in 2000 by Covisint.  Included was DaimlerChrysler, Ford, and General Motors.   Another example was the hotel industry including Marriott, Hyatt, and three other major hotel chains created the Avendra marketplace.

•  Few buyers, many sellers
• Covisint, Exostar
• Buyer control
• Fixed pricing

Thank you to the below resource:
Schneider, Gary. Electronic Commerce.