Read the Case Study at the end of Chapter 12, Elemica: Cooperation, Collaboration, and Community, and answer the following questions in detail (the paper should be no less than one page):
Case Study Questions
Why is Elemica described as an example of an industry consortia net marketplace? How does it differ from other types of net marketplaces like ChemConnect?
If you were the owner of a small chemical company, what concerns would you have about joining Elemica?
Elemica claims to provide a community for participants in which they can transact, coordinate, and cooperate to produce products for less. Yet these firms also compete with one another when they sell chemicals to end-user firms in the automobile, airline, and manufacturing industries. How is this possible?
Review the concept of an industry-wide private industrial network and describe how Elemica illustrates many of the features of such a network.
(please provide good quality and original response. Thank you!)