The Journey of Business Model Innovation in Media Agencies: Towards a Three Stage Process Model

Publikation: KonferencebidragPaperForskningpeer review

Resumé

New digital entrants in the media industry have changed the competitive landscape for advertisers and media alike. In particular, over the past decade media agencies have grown more rapidly than the media market as a whole, securing a larger share of the value generated in the advertising value chain. Based on secondary data and in-depth interviews with 11 Danish media agency CEOs, and using the nine building blocks suggested in the business model canvas framework of Osterwalder and Pigneur (2010), we develop a grounded process model describing how these agencies have altered their business models. We find evidence for the existence of three separate stages in this innovation process, which we call business model innovation awareness, business model exploration, and business model exploitation. We furthermore find and document how different building blocks act, and interact as enablers or facilitators of innovation in each stage of the business model innovation process.
New digital entrants in the media industry have changed the competitive landscape for advertisers and media alike. In particular, over the past decade media agencies have grown more rapidly than the media market as a whole, securing a larger share of the value generated in the advertising value chain. Based on secondary data and in-depth interviews with 11 Danish media agency CEOs, and using the nine building blocks suggested in the business model canvas framework of Osterwalder and Pigneur (2010), we develop a grounded process model describing how these agencies have altered their business models. We find evidence for the existence of three separate stages in this innovation process, which we call business model innovation awareness, business model exploration, and business model exploitation. We furthermore find and document how different building blocks act, and interact as enablers or facilitators of innovation in each stage of the business model innovation process.

Konference

KonferenceEuropean Media Management Association Conference (emma conference 2016)
LokationUniversity of Porto
LandPortugal
ByPorto
Periode02/06/201605/06/2016
Internetadresse

Citer dette

Jensen, H., & Sund, K. J. (2016). The Journey of Business Model Innovation in Media Agencies: Towards a Three Stage Process Model. Afhandling præsenteret på European Media Management Association Conference (emma conference 2016), Porto, Portugal.
Jensen, Henrik ; Sund, Kristian J./ The Journey of Business Model Innovation in Media Agencies : Towards a Three Stage Process Model. Afhandling præsenteret på European Media Management Association Conference (emma conference 2016), Porto, Portugal.31 s.
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abstract = "New digital entrants in the media industry have changed the competitive landscape for advertisers and media alike. In particular, over the past decade media agencies have grown more rapidly than the media market as a whole, securing a larger share of the value generated in the advertising value chain. Based on secondary data and in-depth interviews with 11 Danish media agency CEOs, and using the nine building blocks suggested in the business model canvas framework of Osterwalder and Pigneur (2010), we develop a grounded process model describing how these agencies have altered their business models. We find evidence for the existence of three separate stages in this innovation process, which we call business model innovation awareness, business model exploration, and business model exploitation. We furthermore find and document how different building blocks act, and interact as enablers or facilitators of innovation in each stage of the business model innovation process.",
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year = "2016",
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note = "European Media Management Association Conference, EMMA ; Conference date: 02-06-2016 Through 05-06-2016",
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Jensen, H & Sund, KJ 2016, 'The Journey of Business Model Innovation in Media Agencies: Towards a Three Stage Process Model' Paper fremlagt ved European Media Management Association Conference (emma conference 2016), Porto, Portugal, 02/06/2016 - 05/06/2016, .

The Journey of Business Model Innovation in Media Agencies : Towards a Three Stage Process Model. / Jensen, Henrik; Sund, Kristian J.

2016. Afhandling præsenteret på European Media Management Association Conference (emma conference 2016), Porto, Portugal.

Publikation: KonferencebidragPaperForskningpeer review

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AB - New digital entrants in the media industry have changed the competitive landscape for advertisers and media alike. In particular, over the past decade media agencies have grown more rapidly than the media market as a whole, securing a larger share of the value generated in the advertising value chain. Based on secondary data and in-depth interviews with 11 Danish media agency CEOs, and using the nine building blocks suggested in the business model canvas framework of Osterwalder and Pigneur (2010), we develop a grounded process model describing how these agencies have altered their business models. We find evidence for the existence of three separate stages in this innovation process, which we call business model innovation awareness, business model exploration, and business model exploitation. We furthermore find and document how different building blocks act, and interact as enablers or facilitators of innovation in each stage of the business model innovation process.

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Jensen H, Sund KJ. The Journey of Business Model Innovation in Media Agencies: Towards a Three Stage Process Model. 2016. Afhandling præsenteret på European Media Management Association Conference (emma conference 2016), Porto, Portugal.