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Navigating Innovation: An Enhanced Business Value Calculator and Its Impact on Library Service Innovations for Entrepreneurs and Businesses.

Authors :
Gupta, Varun
Source :
Internet Reference Services Quarterly. Jan-Mar2024, Vol. 28 Issue 1, p27-37. 11p.
Publication Year :
2024

Abstract

The article offers a thorough analysis of the Enhanced Business Value Calculator and how it could revolutionize library services designed for patrons, especially entrepreneurs. By letting them choose which services they have used and how often, the calculator calculates the economic value of services. This facilitates the observation of consumer usage trends by libraries, enabling them to make strategic decisions regarding service advancements. It gives libraries the capacity to close talent shortages, improve services, strategically adopt new technologies, spot opportunities for open innovation partnerships, encourage patron co-creation, and gain a better awareness of user demands, which allows them to better tailor their offerings. These breakthroughs subsequently become business prospects. The calculator serves as a driving force behind ongoing advancements in services. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
10875301
Volume :
28
Issue :
1
Database :
Academic Search Index
Journal :
Internet Reference Services Quarterly
Publication Type :
Academic Journal
Accession number :
175638514
Full Text :
https://doi.org/10.1080/10875301.2023.2289418