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Understanding token-based ecosystems – a taxonomy of blockchain-based business models of start-ups
(2020)
Blockchain is seen as having high potential for the healthcare industry. In addition to the technological properties of the blockchain, crowd funding via Initial Coin Offerings (ICOs) has also become a significant way of financing for start-ups in the healthcare industry. These ICOs are significantly different from familiar funding channels and therefore require intensive consideration of the factors relevant to success. Numerous papers have explored the success factors, but without considering the specifics of the healthcare industry. We fill this research gap and, based on hypotheses and a quantitative analysis of freely available data, show the factors relevant to the healthcare industry for a successful ICO. As a result, we show clear differences to the previously known success factors for ICOs and thus prove that the success factors of ICOs require an industry-specific consideration. Start-ups receive valuable advice on how to design a successful ICO. For the scientific community, there are starting points for further research into the success of ICOs.
The psychology of money
(2018)
This working paper addresses the effectiveness of compliance management systems (CMS). The objective is to answer the question whether CMS are effective, and to consider the limits of compliance. For this purpose, the highly legalistic topic is considered in the context of business ethics and behavioural economic foundations. The review of effectiveness is based on the seven basic components set out in the Assurance Standard of the Institut der Wirtschaftsprüfer in Deutschland e. V. [Institute of Public Auditors in Germany, Incorporated Association] (IDW AssS 980).
To answer this question, reference is made to the three levels of business ethics and to selected behavioural economics concepts. For example, performance pressure, peer pressure and variable compensation schemes encourage opportunistic behaviour. It is argued that corporate compliance depends significantly on the behaviour of single individuals and their environment. Especially in the context of economic activity and competition, compliance cannot be equated to morality and ethics, or be expected as a matter of course. On the whole, the interdisciplinary consideration of corporate compliance demonstrates a natural limit whenever ethical and moral standards are contrary to economic interests.
Process Driven Value Assessment of ERP Solutions: An Overview on the Extended SAP Methodology
(2006)
Project management is a lot about structuring. Challenges in introducing new software especially in the field of digitalization are to address the needs of planning, budget and schedule adherence as well as involving the users in the development process. Classic project management is usually focused on following the plan and keeping the project in schedule and budget. Agile project management puts the user in the center and aims at fulfilling his needs. The University of Applied Sciences Münster has aligned its project management with the PRINCE2 standard. The introduction of an enterprise content management system started in 2017 as a new project. To fulfill the user’s needs and keep the project management standard it has been tailored to achieve the project goals by integrating agile stages. This adaptation is presented in this paper as an example of structured hybrid project management.