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business innovation - music industry

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 TECHNOL...

Posted by: Raymon Androckitis

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