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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
1.If you were a small chemical company, what concerns would you have about joining Elemica?
1.Elemica provides a community for participants where 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?
1.1.Review the concept of a private industrial network and describe how Elemica illustrates many of the features of such a network.