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"Term Paper: Business Innovation - Music Industry"
Term Paper: Business Innovation - Music Industry
Author:
Raymon Androckitis
SYNOPSIS

This paper takes a look at innovation drawing from the worldwide music industry. The music industry is currently facing a slump in its sales and dropping revenues worldwide. This paper traces the effects of evolution of disruptive technological innovations like Napster and subsequent technologies. Napster as a community file sharing peer-to-peer application defied the traditional physical music distribution system. The paper attempts to throw light on the subsequent fallouts of the Napster effect, documenting the music industry's dilemma and exploring a possible distribution model for the future. Such a model would anticipate the future changes like a wireless age, accelerating technology and focus on a community-based model. Also an attempt has been made to look at technological innovations as apart from firm-driven innovations. These technological innovations are capable of changing the industry complexion and are essentially freelance in nature.


THE CHANGING TECHNOLOGY ENABLED WORLD…

The I-Pod, the mp3 technology, mobile music devices… Information, entertainment and communication anytime, anywhere, on the move…

Welcome to the wonders of the telecommunications era. The era of technological innovation that spurs business innovation. In the last decade technological advances have changed the way businesses function; the prime mover of the technology being the information technology and the proliferation of the Internet.

Consider another scenario. At 56kbps modem speeds all it takes to download the whole new Eminem single takes 20 minutes. And the vintage works and less seen or heard collections like those of John Lennon's Lost Weekend are up on E Bay for auction. Amazon.com has a catalogue of CDs to rival any music showroom and has a regular clientele as well. Fans swap music online and critique it online.

In a nutshell like any other industry the worldwide music distributing and publishing industry is in a state of flux. The community that buys this music is moving online....

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essay on Term Paper: Business Innovation - Music Industry
Pages:
18 (4706 words)
Comments:
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Added:
10/20/2011
Category:
Arts / Music
Plagiarism level of this essay is: 94%
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Gina
Hey. Can you write my paper on Term Paper: Business Innovation - Music Industry
12/22/2010
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