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The futures of magazine publishing

Servitization and co-creation of customer value

Bibliographic Data

ID9842932
AuthorsAnna Viljakainen (0009-0003-8213-3914, University of Cambridge, corresponding author), Marja Toivonen (VTT Technical Research Centre of Finland)
Year2014
Volume64
Pages19-28
Publication date2014-12-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueFutures (JOURNAL)
Journal identifiersISSN: 0016-3287 • E-ISSN: 1873-6378
PublisherElsevier BV (PUBLISHER)
DOI10.1016/j.futures.2014.10.004
OpenAlexW2024365651
LanguageEN
Citations received5
References cited47

This study incorporates the futures studies and foresight perspectives in analysing an industrial change towards service business, with the magazine markets as the case context. It illustrates how the industry is adopting a new competitive strategy via services that are added to the total offering, and how it is simultaneously developing a deeper understanding of the service relationship as value co-creation. The work identifies seven trends in this context and analyses their impacts and discontinuities. Three trends are linked primarily to the business environment: a dispersing customer base, changes in media use habits, and erosion of product business. Four trends describe the behaviour of companies: the shifts from products to value-adding brands, from R&D to innovation, from autonomy to partnering and sharing in an ecosystem, and the changing resource and capability needs. The contributions of this work are twofold. First, studying media as service has been rare in scholarly literature. Second, applying the service perspective to the trend analysis in the media sector is topical due to the increasing competition and unpredictability of the business environment

Business · Business ecosystem · Business model · Commodity · Competition (biology · Context (archaeology · Futures contract · Futures studies · Industrial organization · Knowledge management · Service (business · Use value · Value (mathematics · Digital Marketing and Social Media · Innovation and Knowledge Management · Marketing · Service and Product Innovation

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Unique citing works5
Citations per year0,56
Citation span2017 - 2025 (9)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 5

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