IRMA-International.org: Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Strategic Business Models in Times of Transformational Change and Crisis: A New Typology for Sustainable Media

Strategic Business Models in Times of Transformational Change and Crisis: A New Typology for Sustainable Media
View Sample PDF
Author(s): Nikos Leandros (Panteion University of Social and Political Sciences, Athens, Greece)and Lambrini Papadopoulou (Panteion University of Social and Political Sciences, Athens, Greece)
Copyright: 2020
Volume: 2
Issue: 1
Pages: 14
Source title: Journal of Media Management and Entrepreneurship (JMME)
Editor(s)-in-Chief: Paul Clemens Murschetz (Paracelsus Medical University Salzburg, Austria)
DOI: 10.4018/JMME.2020010102

Purchase


Abstract

Media companies worldwide are trying to adapt to the new challenges brought about by the economic crisis and technological revolution. However, some of these efforts are doomed to fail because media tends to concentrate on adapting particular elements of their business models, instead of changing the entire business model logic. This work proposes an innovative business model typology and is based on the hypothesis that if a company could re-arrange its structural elements around this typology, it could have much better chances in its fight to overcome the challenges posed by the ever changing and competitive digital ecosystem. To test this typology the authors used case study methodology and drew from evidence collected from in-depth interviews with journalists from two Greek websites. Ultimately, the article provides the basis for generating new theories about business models and finds that even in times of crisis and transformational change, media companies can survive as long as they perceive crisis -and any other kind of challenge for that matter- as an opportunity for creative change.

Related Content

Ha Thi Thu Nguyen, Thao Phan Huong, Anh Le Thi Tram, Thao Viet Tran. © 2023. 17 pages.
Ratih Purbasari, Enjat Munajat, Farisadri Fauzan. © 2023. 21 pages.
Natasha Saqib, Gowsia Bashir Shah. © 2023. 20 pages.
John Wang, Steve Bin Zhou, Yang Li, Houda El Bouhissi. © 2023. 15 pages.
Ahmad Adeel, Sajid Mohy Ul din, Kaleem Ahmed, Shakeel Ahmad Khan, Hafiz Muhammad Hanif, Yahya Qasim Daghriri. © 2023. 20 pages.
Thobile Makhosazana Dlamini, Oyebanjo Oyebanjo Ogunlela, Chux Gervase Iwu, Neeta Baporikar. © 2022. 21 pages.
Muhammad Umar, Syed Ahmad Ali, Maqbool Hussain Sial. © 2022. 17 pages.
Body Bottom