1.Determination of the research question is the first and the foremost demand of any research endeavor. In this step, the researcher can focus on the complexity of the subject within consideration and tries to seek answers to a few questions starting with ‘how’ and ‘why’. 2.The second step is to determine the type of case study. Whether it be intrinsic due to researcher’s personal interest, or instrumental for more than mere surface knowledge about the issue, or collective because of the consideration of a group of similar cases, or exploratory, or explanatory, or descriptive. 3.After the determination of the type of research type, the next is to select the data collection tools which are to ensure validity and reliability of the data. Cross-examination and within-examination are important tools in this regard. 4.To organize the huge amount of data to be gathered via different sources, the researcher needs to plan “databases to assist with categorizing, sorting, storing, and retrieving data for analysis”. 5.Field study and notes are the most important in this regard as they and to the exemplariness of the issue. 6.Next step would be to draw valid, accurate and precise results of the data collected. The most important feature is to remain unbiased so that to create new insights into the problem under consideration. As far as the application of a case-study method is concerned, there are four major ones (Yin, 1994):1.“To explain complex causal links in real-life interventions…To explore those situations in which the intervention being evaluated has no clear set of outcomes.” question 02 1. According to Applegate et al, what are the characteristics of the network economy? i. It is a source of opportunity for innovations and creations ii. It is the strategic part of most businesses iii. Has redefined the markets and industries iv. Has created a healthy competition among organizations v. Has connected everyone to make the world a global village in the truest sense of the words 2. Applegate et al have defined 9 themes in the networked economy. Identify and briefly explain each of the 9 themes. The 9 themes discussed are as follows: i. The confrontation with emerging technology has provided network planners with an opportunity to bring innovation in the design and building of newer markets and industries. ii. The power and differentiation of IT are attracting the long-established business models of industries to evolution. iii. The approach towards the development, operation, and management of IT is modified by the opportunities offered by the technology. iv. The change to the strategic and asset-based approach in investment and decision-taking in IT is due to the development in the standard and modulation of IT. v. The practical speed of change is limited by the ever increasing and changing knowledge and assimilation regarding technologies vi. The preference for the purchase, rather than innovation of newer technology is due to certain pressures on organizations.