Marketplace and Quality Assurance Presentation - Vincent Chirchir
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Robert Picard - Challenges of Innovationand State Support for Media Transformation
1. Challenges of Innovation and State Support for Media Transformation Robert G. Picard Media Management and Transformation Centre Jönköping International Business School, Sweden Reuters Institute Department of Politics and International Relations University of Oxford
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8. Strategic Alternatives and Choices Facing Media Companies Today majority of media firms Declining Market Share Increasing Market Share High Market Growth Low or Negative Market Growth growth management service quality management innovation strategic planning diversification increased marketing product development innovation/new product development diversification planning for market exit or capital withdrawal some media firms
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12. These create tensions in efforts for organizational innovation and change Resistance to change Push for innovation and change
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16. Path Dependency in a Newspaper printing posters operating bookstores printing books printing magazines creating and printing a newspaper printing other papers Creating and printing a newspaper Creating and printing newspapers printing other papers printing ad sheets Radio Television Cable Internet Mobile
17. Persistencies and Path Dependencies Make it Difficult to See Opportunities Telegraph Long distance communication primarily for companies and governments Leading Company: Western Union Fixed Telephony Local communication primarily for individuals Mobile Telephony Communication for travelling employees Leading Company is Created: AT&T “ This devise is inherently of no value to us.” Western Union internal memo, 1876 Company rejected offer to buy Bell Telephone from Alexander Graham Bell for $100,000 Not seen as an opportunity for fixed telephone firms McKinsey Consulting advised AT&T not to enter the market in the 1980s; AT&T accepted the advice
Today competition is not institutionally and structurally defined but is being defined by consumers: the time and money they spend Competitive focus is on the attention economy and the experience economy
Trends are creating great cost pressures on media companies --more staff are working for more than one media outlet of their companies and many work cross-media --staff reductions --high outsourcing of many functions --much content is now outsourced --increasing use of freelancers
Trends are creating great cost pressures on media companies --more staff are working for more than one media outlet of their companies and many work cross-media --staff reductions --high outsourcing of many functions --much content is now outsourced --increasing use of freelancers
Each can change over tie the rapidity of movement toward innovation produces resistance as a counterforce