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Media Management and Social Media Business: New Forms of Value Creation in the Context of Increasingly Interconnected Media Applications

  • Reinhard KunzEmail author
  • Stefan Werning
Chapter
Part of the Media Business and Innovation book series (MEDIA)

Abstract

Media companies are facing the problem of modeling the increasingly volatile and complex forms of emergent media use and of channeling them through their services in order to create a sustainable business model. Anticipating these patterns and converting them into stable forms of use allows for companies to identify new ways of value creation.

The authors argue that concepts other than the value chain are necessary to model this type of value creation. Although it has seldom been used with regard to media as of yet, especially the value network is considered to be relevant in this context. In times of digitization and convergence, media companies become increasingly granular and depend on strategic co-operations within networks, e.g. regarding production and marketing. Moreover, the consumers become an active part in value creation as “prosumers”.

This chapter attempts to investigate the manifold points of contact between media use and corresponding concepts of value creation in networks of micro business models. For that purpose, the authors combine approaches from media management and media studies.

Keywords

Business Model Reputation System Server Capacity Creation Activity Digital Game 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Notes

Acknowledgements

We would like to thank Prof. Dr. Jürgen E. Müller (Media Studies, University of Bayreuth) for setting up the initiative “Networks in Media Culture and Media Economy” as a valuable and fruitful platform of trans-disciplinary research, which inspired us to write this paper.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  1. 1.University of BayreuthBayreuthGermany

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