Openness in innovation and business models: lessons from the newspaper industry

Untangling the Ambidexterity Dilemma through Big Data Analytics

“…A third stream of research on firm performance in the newspaper industry concerns business model innovation (Bakker, 2002;Carter, 2009;Eppler & Hoffmann, 2012;Holm, Günzel, & Ulhøi, 2013;Lewis, 2004;Sullivan, 2006;Tang et al, 2011). Disruptive technologies, such as the Internet, have triggered changes in the prevailing business models of newspaper firms.…”

“…Disruptive technologies, such as the Internet, have triggered changes in the prevailing business models of newspaper firms. The case studies of two Danish newspaper firms showed these incumbents "opening" their business models to ideas from outside the company or even the industry (Holm et al, 2013). The flipside of openness is increased complexity and involves a number of trade-offs, as more openness can help drive innovation and diversify revenue streams, but it also makes a firm more dependent on third parties.…”

“…Although this study is well done, it does not address a key issue for legacy newspaper firms -namely that of managing two or more possibly conflicting business models simultaneously (Markides, 2013), and how this balancing act affects total firm performance. Difficulties in operationalizing the business model concept have led to its being used inconsistently, even as it has been applied to a wide range of situations (Harren, 2012;Holm et al, 2013). One notable exception is Tang et al (2011) who examined how investment in "bricks" (i.e., the newsroom staff and resources that produce news content) helps build "clicks" (i.e., more online visitors and, subsequently, online advertising revenue).…”

Organizational Choices and Venturing Modes: An Analysis of Corporate Venture Capital Activities in Legacy Media

“…Thus, engaging within new networks may prove particularly helpful for companies to both reduce uncertainty and accelerate advantages for research and development (Lee, 2007). All this is especially beneficial for media companies that in many cases have to cope with specific internal tensions (Achtenhagen & Raviola, 2009), need more openness in their often closed innovation processes (Holm, Günzel, & Ulhøi, 2013), and have traditionally been vulnerable to disruptive innovation from outsiders (Storsul & Krumsvik, 2013).…”

A Long-term View on the Business Model of Newspaper Publishing: International Comparison and Quantitative Modelling for Germany as Case in point

“…McChesney and Nichols 2010, Siles and Boczkowski 2012, Brüggemann et al 2015, Schlesinger and Doyle 2015, research and empirical data respectively in several countries (Kuhn 2011, McChesney and Nichols 2011, Lehtisaari et al 2012, Kolo and Weichert 2014, as well as on a general or international level (cf. Siles and Boczkowski 2012, Murschetz 2014, WAN-IFRA 2015, indicate that at least the traditional business model is not sustainable in the long term (see also Picard 2008, Kaye and Quinn 2010, McChesney and Pickard 2011, Picard 2011, Holm and Günzel and Ulhøi 2013.…”