The Effect of Media Convergence on Exploitation of Entrepreneurial Opportunities

Authors

DOI:

https://doi.org/10.17230/Ad-minister.34.3

Keywords:

Media Entrepreneurship, Media Convergence, Opportunity Recognition, Media Markets, Web 3.0

Abstract

This paper sheds light on specific aspect of Media Convergence which is not only about convergence and similarity, but about divergence in different aspects and opportunities which bring up for entrepreneurial activities. Problem area of this study is to understand how media convergence provides new business opportunities in media markets and how media entrepreneurs can exploit those opportunities for proposing value to target customers. This paper follows a quantitative research design. Therefore, 119 cofounders of small and medium media firms answered an online questionnaire, and the data was analyzed by SPSS. Regression analysis was used to analyze the data. The findings reveal that four types of divergence, including media distribution channels, media content producers, audiences, and advertisers, affect exploitation of entrepreneurial opportunities in small and medium sized media firms.

Downloads

Download data is not yet available.

Author Biographies

  • Aidin Salamzadeh, Ondokuz Mayis University

    Research fellow in Ondokuz Mayis University (Turkey). He has several publications in international journals and participated in several conferences in some countries. His main areas of interest are: start-ups, media entrepreneurship, social entrepreneurship, entrepreneurial universities, and entrepreneurship policy making. He serves as the Editor-in-Chief of the Journal of Entrepreneurship, Business and Economics (Canada), and as a member of the editorial board in several international journals. He is also a member of the European SPES Forum, and the Asian Academy of Management.

  • Mirjana Radovic Markovic, South Ural State University

    Full professor of Entrepreneurship. She holds B.Sc, M. Sc. and PhD Degrees in Economics, as well as Post Doctoral Studies in Multidisciplinary Studies in Lomonosow (Russia). She has served as a professor at a number of international universities, foundations and institutes. In addition, she is a Member of Scientific Council, National Ministry of Science, Serbia (2016), head of the Scientific Centre for Economic Researches, Institute of Economic Sciences, Belgrade, Serbia (2008), Member of Management Board of Institute of Institute of Economic Sciences (2008) executive of Research Centre of Faculty of Business Economics and Entrepreneurship, Belgrade, Serbia (2017) and so forth. Professor is a founder and editor in chief of three Peer Journals as follow: The Journal of Women’s Entrepreneurship and Education (JWE), International Review (IR) and Journal of Entrepreneurship and Business Resilience (JEBR).  She has written more than thirty books and more than hundred peers’ journal articles. Her publications are published by top world publishing companies as Rutledge, Francis Taylor, Springer, Palgrave McMillan, Emerald, Sage and IAP Publisher, IGI Global.

  • Samaneh Memar Masjed, South Ural State University

    M.A from Ferdowsi University of Mashhad. She works as a risk assessor at the National Iranian Oil Company. At the time of writing of this article, she prepares for entering to PhD in Media Management.

References

Comtesse, X. & Huang, J. (2008). Value Chain 2.0, ThinkStudio, Genève:Lausanne.

Deuze, M. (2016). Living in Media and the Future of Advertising. Journal of Advertising, 45(3), 326-333.

Ebrahimi Nejad, M. & Sharifi, M. (2016). Analyzing the Effect of Persuasion Component on the Audience. Journal of Politics & Law, 9(10), 138.

Eliasson, G., & Eliasson, Å. (2005). The theory of the firm and the markets for strategic acquisitions. In U. Cantner, E. Dinopoulos, & R. F. Lanzillotti, Entrepreneurships, the New Economy and Public Policy (pp. 91-115). Berlin: Springer.

Flinn, A. (2010). Independent Community Archives and Community-Generated Content : Writing, Saving and Sharing our Histories, Convergence, 16(39), 1-17.

Fuchs, C. (2017), Social Media: A critical Introduction, Sage, 2nd Edition.

Fuduric, N. (2008). The Sources of Entrepreneurial Opportunities: Perspectives on Individuals and Institutions, Department of Development and Planning, Aalborg University Press.

Goodarzi, S. M., Salamzadeh, Y., & Salamzadeh, A. (2018). The Impact of Business Ethics on Entrepreneurial Attitude of Manager. In Competitiveness in Emerging Markets (pp. 503-539). Springer, Cham.

Greenberg, S. (2010). When the Editor Disappears, Does Editing Disappear?, Convergence: The International Journal of Research into New Media Technologies, 16(7), 723-742.

Hagedoorn, J. (1996). Innovation and entrepreneurship: Schumpeter revisited. Industrial and Corporate Change, 5(3), 883-896.

Iversen, J., Jørgensen, R., & Malchow-Møller, N. (2007). Defining and measuring entrepreneurship. Foundations and Trends® in Entrepreneurship, 4(1), 1-63.

Jenkins, H. (2008), Convergence Culture. Where Old and New Media Collide. New York: New York University Press.

Jin, D. Y. (2015). De-convergence of global media industries. Routledge.

Khajeheian, D. (2013). New Venture Creation in Social Media Platform: Towards a Framework for Media Entrepreneurship, In: Friedrichsen, Mike, Mühl-Benninghaus, Wolfgang, (Eds).

Handbook of Social Media Management; Value Chain and Business Models in Changing Media Market, Springer.

Khajeheian, D. (2016). Telecommunication Policy: Communication Act Update. Global Media Journal-Canadian Edition, 9(1), 135-141.

Khajeheian, D. (2017). Media entrepreneurship: A consensual definition. AD-minister, 30, 91-113.

Khajeheian, D. (2018a). Market Analysis, Opportunity Recognition and Strategy Diagnosis in Toy Industry. International Journal of Entrepreneurship and Small Business,33(2), 220-240.

Khajeheian, D. (2018b). Enterprise Social Media: Ethnographic Research on Communication in Entrepreneurial Teams. International Journal of E-Services and Mobile Applications, 10(1), 34-46.

Khajeheian, D., & Friedrichsen, M. (2017). Innovation inventory as a source of creativity for interactive television. In Digital transformation in journalism and news media (pp. 341-349). Springer, Cham.

Khajeheian, D., & Tadayoni, R. (2016). User innovation in public service broadcasts: creating public value by media entrepreneurship. International Journal of Technology Transfer and Commercialisation, 14(2), 117-131.

Khajeheian, D., Friedrichsen, M., & Mödinger, W. (2018). An Introduction to Competitiveness in Fast Changing Business Environment. In Competitiveness in Emerging Markets (pp. 3-11). Springer, Cham.

Kirzner, I. M. (2009). The alert and creative entrepreneur: a clarification. Small Business Economics, 32(2), 145-152.

Labafi, S., Khajeheian, D., & Williams, I. (2018). Impact of Media Richness on Reduction of Knowledge-Hiding Behavior in Enterprises. In Evaluating Media Richness in Organizational Learning (pp. 135-148). IGI global.

Lawson-Borders, G. (2008). Media Organizations and Convergence: Case Studies of Media Convergence Pioneers, Lawrence Erlbaum Associates Publishers.

Malerba, F., & McKelvey, M. (2019). Knowledge intensive innovative entrepreneurship. Foundations and Trends® in Entrepreneurship, 14(6), 555-681.

Malmelin, N., & Villi, M. (2017). Media work in change: Understanding the role of media professionals in times of digital transformation and convergence. Sociology Compass,11(7), e12494.

Mirzadeh, M. S., Salamzadeh, Y., & Salamzadeh, A. (2017). Identification of factors affecting individual industries, Economía y Sociedad, 22(52), 1-20.

Odibat, Z. M., Kumar, S., Shawagfeh, N., Alsaedi, A., & Hayat, T. (2017). A study on the convergence conditions of generalized differential transform method. Mathematical Methods in the Applied Sciences, 40(1), 40-48.

Patrizio, B. (2012). The opportunity of media convergence: new business models, new channels’, Guardian, Monday 5 March 2012: http://www.guardian.co.uk/media-network/2012/mar/05/opportunity-media-convergence-new-business-models-channels

Picard, R. G. (2010). Value creation and the future of news organizations: Why and how journalism must change to remain relevant in the twenty-first century. Media XXI.

Radovic Markovic, M., & Salamzadeh, A. (2012). The Nature of Entrepreneurship: Entrepreneurs and Entrepreneurial Activities. LAMBERT Academic Publishing: Germany. ISBN: 978-3-659-14311-3

Radovic Markovic, M., & Salamzadeh, A. (2018). The Importance of Communication in Business Management, in Proceedings of the 7th International Scientific Conference on Employment, Education and Entrepreneurship, Belgrade, Serbia.

Ringlstetter, M, & Vizjak, A. (2003). The only way for the media industry to grow and profit is with content, In: Vizjak, Andrej and Ringlstetter, Max (Eds), Media Management; Leveraging Content for Profitable Growth, Springer.

Salamzadeh, A. (2015). New venture creation: Controversial perspectives and theories. Economic Analysis, 48(3-4), 101-109.

Salamzadeh, A., & Kirby, D. A. (2017). New venture creation: How start-ups grow?. AD-minister, (30), 9-29.

Salamzadeh, A., & Markovic, M. R. (2018). Shortening the learning curve of media start-ups in accelerators: Case of a developing country. In Evaluating media richness in organizational learning (pp. 36-48). IGI Global.

Salamzadeh, A., Azimi, M. A., & Kirby, D. A. (2013). Social entrepreneurship education in higher education: insights from a developing country. International Journal of Entrepreneurship and Small Business, 20(1), 17-34.

Sarasvathy, S. D., Dew, N., Velamuri, S. R., & Venkataraman, S. (2010). Three views of entrepreneurial opportunity. InHandbook of entrepreneurship research (pp. 77-96). Springer, New York, NY.

Shane, S. & Venkataraman, S. (2000). The Promise of Entrepreneurship as a Field of Research, Academy of Management Review, 25(1), 217-226.

Shane, S. (2003). A General Theory of Entrepreneurship, Cheltenham: Edward Elgar.

Sharifi, M., Ansari, N., & Asadollahzadeh, M. (2017). A critical discourse analytic approach to discursive construction of Islam in Western talk shows: The case of CNN talk shows.International Communication Gazette, 79(1), 45-63.

Stipp, H. (1999). Convergence Now?, The International Journal on Media Management, 1(1), 17-31.

Stöber, R. (2004). What Media Evolution Is, European Journal of Communication, 19(4), 483-505.

Turow, J. (2009). Media Today; an introducstion to mass communication, Third edition, Routledge.

von Rimscha, M. B., Verhoeven, M., Krebs, I., Sommer, C., & Siegert, G. (2018). Patterns of successful media production.Convergence, 24(3), 251-268.

Vukanovic, Z. (2018). The Influence of Digital Convergence/Divergence on Digital Media Business Models. InInternational Conference on Entertainment Computing (pp. 152-163). Springer, Cham.

Downloads

Published

2019-06-20

Issue

Section

Research Articles

How to Cite

Salamzadeh, A., Radovic Markovic, M., & Memar Masjed, S. (2019). The Effect of Media Convergence on Exploitation of Entrepreneurial Opportunities. AD-Minister, 34, 51-68. https://doi.org/10.17230/Ad-minister.34.3