In the new millennium, competence of many organizations will depend on innovative deployment of new technologies for effectively managing knowledge networks for organizational performance. Some virtual organizations based on information and knowledge as their fundamental bases are redefining the reality of the traditional brick-and-mortar economy. In the process, they are posing challenges and opportunities by redefining traditional thinking about industries, organizations, competition, products, services, technologies, people and economy.

We are living in interesting times characterized by increasing digitalization of business enterprises in a global interconnected knowledge economy. With waning euphoria about the first wave of digital e-business enterprises and a sobering dot-com stock market, business model innovation is being recognized as the key enabler that can unleash value creation for new digital enterprises. Knowledge Management for Business Model Innovation is anticipated to be the mantra for survival, competence and success of pure play Net enterprises, as well as relatively traditional brick-and-mortar enterprises...