From value chains to technological platforms: The effects of crowdfunding in the digital game industry

Nucciarelli, Alberto; Feng, Li; Fernandes, Kiran; Γουμάγιας, Νικόλαος; Cabras, Ignazio; Devlin, Sam; Kudenko, Daniel; Cowling, Peter I.

doi:10.1016/j.jbusres.2016.12.030

Cited by 92 publications

(51 citation statements)

References 74 publications

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“…It is common to Rovio and King that creating an autonomous platform was necessary for them to engage in co-creation processes through open innovation platforms (Calia, Guerrini, & Moura, 2007;Chesbrough, 2007;Füller, Hutter, & Faullant, 2011). Using the BMI theory lenses, the observed need for product extensions entails a change in the governance element, because it hints at a new way to conceive the relationships between the focal firm and the network of stakeholders, where the community and platform-based network governance prevails over the arm's length market system of transactions (Nucciarelli et al, 2017). By doing so, Rovio and King manage to balance business-related goals with the creativity imperatives of the game developers, as well as extending the product life-cycle, so that they could become "enough big not to fail", thus sustaining a virtuous cycle of activities configuration (Casadesus-Masanell & Ricart, 2010).…”

Section: Discussionmentioning

confidence: 99%

Business model innovation in cultural and creative industries: Insights from three leading mobile gaming firms

et al. 2020

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This paper contains an exploratory analysis of the business model innovations (BMIs) that firms in cultural and creative industries (CCIs) undertake along their life-cycle. Despite the role that creative and cultural and creative firms (CCFs) have in the economic development of industrialised countries, they tend to remain small and often fail due to industry-specific constraints and tensions, such as the lack of managerial capabilities and complexity in nurturing value chain relationships. However, there has been relatively limited scholarly interest into the specific conditions and processes that enabled CCFs to overcome these liabilities, and in particular into the identification of the business models they have adopted along their life-cycle. In this paper, this issue is analysed by using the concept of BMI, which sheds light on how the reconfiguration of the activity system through which a CCF creates, delivers and captures value enables the exploitation of entrepreneurial opportunities over time. This paper builds on an in-depth historical study of three leading firms operating in the mobile gaming industry, namely Rovio, Zynga and King Digital Entertainment. Three main results emerge from this study. First, in the ramp-up phase of their life-cycle, CCFs organize their resource architecture to build a strong and recognized reputation. Second, in the development phase, BMI is used to leverage new distribution paradigms. Finally, in the maturity phase, firms dedicate resources to innovate their product portfolios by providing platforms that support the development and testing of new creative ideas and solutions. Findings and implications are then discussed.

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Section: Discussionmentioning

confidence: 99%

Business model innovation in cultural and creative industries: Insights from three leading mobile gaming firms

et al. 2020

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“…In addition to these two terms, aspects related to T-models can be found in the sharing economy (Breidbach and Brodie, 2017;Hamari et al, 2016;Roh, 2016). Other research has focused on context-specific platforms, such as platforms for crowdsourcing (e.g., Kohler, 2015;Nucciarelli et al, 2017;Tung and Jordann, 2017), education (Anderson and Van Wijk, 2010) and health care (Solaimani et al, 2015).…”

Section: New Types Of Business Modelsmentioning

confidence: 99%

Business model innovation and value-creation: the triadic way

Andreassen

Lervik-Olsen

Snyder

et al. 2018

JOSM

137

125

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As soon as we've published an article, the version of the article that has been accepted for publication, the Author Accepted Manuscript (AAM) can be used for a variety of noncommercial scholarly purposes, subject to full attribution. An author may deposit and use their AAM (aka post-print) http://www.emeraldgrouppublishing.com/openaccess/oa_policies.htm Business Model Innovation and Value-creation: The Triadic Way Acknowledgments We thank the editor of Journal of Service Management and Prof Janet McColl-Kennedy for taking the initiative and hosting the Brisbane Thought leader conference that gave birth to this research. We also want to thank two anonymous reviewers for their valuable comments.

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“…Thus, it can help entrepreneurs test their ideas with the support of the public, with whom they get into a direct relationship (Hossain & Oparaocha, 2017). In addition, the crowdfunding campaign can be an opportunity to test the idea or project before its launch, such feedback often leading to the improvement of the final product; the resulting network can also contribute with capital, technology, market knowledge and useful interaction (Nucciarelli et al, 2017). Crowdfunding implies a double switching behaviour: first, entrepreneurs move from traditional banking financing towards crowdfunding for reasons like speed, flexibility, simplicity, process transparency; second, the community diversifies investment options being motivated by a reward or the expected gains (Maier, 2016).…”

Section: Literature Reviewmentioning

confidence: 99%

A Comparative Analysis of Crowdfunding in Poland and Romania

Fanea-Ivanovici

Siemionek-Ruskań

2019

Proceedings of the International Conference on Business Excellence

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Given the difficulty to access traditional bank funding by creative businesses and start-ups, crowdfunding as an alternative way to finance innovative and creative projects has been adopted, enacted and successfully used by several Western countries, which can serve as best practice examples. However, in many countries crowdfunding is still an emerging phenomenon due to its novelty and variety, the general awareness regarding this alternative funding method being relatively low. The aim of this paper is to investigate the extent to which Poland and Romania, the two largest Central and Eastern European member states, have adopted and used crowdfunding to support innovative and creative projects and to assess the sustainability of such a novel funding method in the respective countries. The objective of the comparative analysis is to determine how the existing legal framework supports the implementation of crowdfunding activities and what crowdfunding types are being used in each country based on the existing local crowdfunding platforms, to identify and explain the main strengths and weaknesses of each of the two markets, as well as to provide a set of measures and proposals that can be adopted by the two countries in order to promote and enhance the crowdfunding phenomenon, which we argue is a factor that ensures business sustainability in creative and innovative activities carried out especially by start-up companies. Apart from the empirical analysis of legislation and platforms, the research methodology includes a survey among business students and fresh graduates of business schools, the purpose of which being to assess the level of awareness of young entrepreneurs-to-be regarding this funding method.

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From value chains to technological platforms: The effects of crowdfunding in the digital game industry

Cited by 92 publications

References 74 publications

Business model innovation in cultural and creative industries: Insights from three leading mobile gaming firms

Business model innovation in cultural and creative industries: Insights from three leading mobile gaming firms

Business model innovation and value-creation: the triadic way

A Comparative Analysis of Crowdfunding in Poland and Romania

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