Producer push to consumer pull: Who curates new media content? Developing strategies for new media environments
2016 (English)In: Journal of Product & Brand Management, ISSN 1061-0421, Vol. 25, no 4, 373-386 p.Article in journal (Refereed) Published
Purpose - This study aims to explore if, with increasing consumer empowerment, consumers are actively pulling content through a multitude of platforms rather than relying on media owners to dictate their product choices. How do media owners and content producers move toward a more reciprocal and interactive business strategy to deal with the change? Design/methodology/approach - The study was qualitative and exploratory in nature and utilized in-depth and semi-structured interviews of media consumers and experts. Findings - Consumer behavior has changed due to increased product control, in terms of type and occasion, across all income levels. The value of curatorship has increased and social media has fundamentally changed consumption patterns. Using the Berthon et al. model of response functions, we found that, content producers often suffer from inertia and operate with an Isolate strategy. The second most common approach is that of Follow or customer orientation. There is limited engagement with the innovation orientations of Shape and Interact. It is best for the industry to move toward an Interact model, accepting that consumers sometimes wish to create and at other times wish content to be effortlessly provided to them. Research limitations/implications - This study adopted a qualitative approach of industry experts and consumers within a single context. The further implications would be to develop the Interact strategy in more detail, especially toward the end of how to get media providers to change their current orientations. Practical implications - Business models of product producers in the new business environment seek to be more consumer-centric. This must not be done at the expense of an innovation orientation. Originality/value - There has been a lot of discussion on the need to change business models in the wake of changed consumer behavior. The current paper provides guidance on how to respond to the new media world.
Place, publisher, year, edition, pages
2016. Vol. 25, no 4, 373-386 p.
Innovation, Market orientation, Computer-mediated communication, Customer-orientation, Consumer empowerment, Innovation management, Integrated marketing communications, Media business models, New media, New product management
Economics and Business
IdentifiersURN: urn:nbn:se:kth:diva-193497DOI: 10.1108/JPBM-06-2015-0918ISI: 000382559600007ScopusID: 2-s2.0-84979715882OAI: oai:DiVA.org:kth-193497DiVA: diva2:1034258
QC 201610112016-10-112016-10-032016-10-11Bibliographically approved