Curiouser and Curiouser: Novelty-centred Business Models and Value Creation in Established Publishing Firms.

The global publishing industry is in a period of turmoil. Established firms are accused of sticking to broken--and doomed--business models, while start-ups and new entrants are seen as the prime beneficiaries of the rapid pace of technological change. To survive, existing book publishers must find n...

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Publicado en:International Journal of the Book Vol. 11; no. 1; pp. 39 - 58
Autor principal: Faherty, Anna
Formato: Artículo
Publicado: Common Ground Research Networks 2013
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Curiouser and Curiouser: Novelty-centred Business Models and Value Creation in Established Publishing Firms.
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        au: Faherty, Anna
        affil: Kingston University, UK
      su:
        Toy & movable books
        Business models
        Value creation
        Electronic publishing
        Performance evaluation
        Technological innovations
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        subj:
          Toy & movable books
          Business models
          Value creation
          Electronic publishing
          Performance evaluation
          Technological innovations
      keyword:
        Business Models
        Future Directions
        Innovation
        Publishing
        Technological Change
        Value Creation
      ab: The global publishing industry is in a period of turmoil. Established firms are accused of sticking to broken--and doomed--business models, while start-ups and new entrants are seen as the prime beneficiaries of the rapid pace of technological change. To survive, existing book publishers must find new sources of value creation, devoting resources to the development of new business models as much as the content and product innovations currently gaining attention. This study synthesizes research across the publishing and management fields, presenting a generic business model for the traditional book publishing industry, which is then used to identify and categorize nine novelty-centred business model innovations within established book publishing firms. An analysis of the methods used to create value--for publishers, content creators, and consumers--derives four distinct categories of novel business model innovation: developing new distribution mechanisms and sales transactions, breaking down barriers between publishers and consumers, capturing new revenue streams, and transforming into a service business. It is demonstrated that the innovative business models of established firms are in line with those that have been seen to deliver increased performance for start-up businesses. However, the impact on performance for these more long-running book publishers is, as yet, uncertain.
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    language: English
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