Comments on: The Music Industry (part II) – two of the new models http://www.businessmodelalchemist.com/2010/01/the-music-industry-part-ii-%e2%80%93-two-of-the-new-models.html Just another WordPress weblog Sat, 11 Feb 2012 23:42:23 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Le Business Model de Spotify « Blog Party http://www.businessmodelalchemist.com/2010/01/the-music-industry-part-ii-%e2%80%93-two-of-the-new-models.html/comment-page-1#comment-3098 Le Business Model de Spotify « Blog Party Wed, 10 Feb 2010 13:55:04 +0000 http://www.businessmodelalchemist.com/?p=354#comment-3098 [...] La représentation du business model de Spotify tiré des deux excellentes présentations d’Alexander Osterwalder sur l’industrie musicale visibles sur son site ici et ici. [...] [...] La représentation du business model de Spotify tiré des deux excellentes présentations d’Alexander Osterwalder sur l’industrie musicale visibles sur son site ici et ici. [...]

]]> By: Jurrie Hobers http://www.businessmodelalchemist.com/2010/01/the-music-industry-part-ii-%e2%80%93-two-of-the-new-models.html/comment-page-1#comment-2357 Jurrie Hobers Tue, 19 Jan 2010 09:30:30 +0000 http://www.businessmodelalchemist.com/?p=354#comment-2357 I think that one of the biggest hold backs of the current transition is that the companies see 100€ of revenue go, are searching for something new that can replace that 100€. Instead the reality seems to be that for every 100€ you need to replace that with 1x30€ 3x10€ and 5x5€ (which indeed never comes back to a 100!), which will affect the workload, margins and general thinking of business dramatically. Business events/launches are turning into services/processes which will change business forever going forward. I think that one of the biggest hold backs of the current transition is that the companies see 100€ of revenue go, are searching for something new that can replace that 100€.

Instead the reality seems to be that for every 100€ you need to replace that with 1×30€ 3×10€ and 5×5€ (which indeed never comes back to a 100!), which will affect the workload, margins and general thinking of business dramatically. Business events/launches are turning into services/processes which will change business forever going forward.

]]> By: Alexander Osterwalder http://www.businessmodelalchemist.com/2010/01/the-music-industry-part-ii-%e2%80%93-two-of-the-new-models.html/comment-page-1#comment-2326 Alexander Osterwalder Mon, 18 Jan 2010 14:14:28 +0000 http://www.businessmodelalchemist.com/?p=354#comment-2326 Patrick, I absolutely agree with your comment. It is unlikely that there will be a NEXT NEW dominant business model design in this and many other transforming industries. We will increasingly see multiple competing business models. I also very much like your assessment of the limitations of market research. It won't tell you how to succeed. The only way that incumbents, but also start-ups can win is by experimentation. Patrick, I absolutely agree with your comment. It is unlikely that there will be a NEXT NEW dominant business model design in this and many other transforming industries. We will increasingly see multiple competing business models.

I also very much like your assessment of the limitations of market research. It won’t tell you how to succeed. The only way that incumbents, but also start-ups can win is by experimentation.

]]> By: Patrick Stähler http://www.businessmodelalchemist.com/2010/01/the-music-industry-part-ii-%e2%80%93-two-of-the-new-models.html/comment-page-1#comment-2325 Patrick Stähler Mon, 18 Jan 2010 14:03:02 +0000 http://www.businessmodelalchemist.com/?p=354#comment-2325 What we see in the music industry is typical for any industry that has to reinvent itself. The incumbents always want to know the NEXT NEW business model that will dominate the industry. But there is no such thing as the NEXT BIG business model. There are several possible business models that compete for dominance. And Market research will not tell you which business model will be the dominate design in the future. Today, everybody is love with Spotify. Yesterday, it was last.fm and tomorrow? But this uncertainty is normal in any emergent industry. Utterback describes in its seminal book on The Dynamics of Innovation very well how dominant designs occure: http://bit.ly/71GhKk And often only with hindsight we can explain why one business model became dominant while the others faltered. Let's see who will survive. What we see in the music industry is typical for any industry that has to reinvent itself. The incumbents always want to know the NEXT NEW business model that will dominate the industry. But there is no such thing as the NEXT BIG business model. There are several possible business models that compete for dominance.

And Market research will not tell you which business model will be the dominate design in the future. Today, everybody is love with Spotify. Yesterday, it was last.fm and tomorrow?

But this uncertainty is normal in any emergent industry. Utterback describes in its seminal book on The Dynamics of Innovation very well how dominant designs occure: http://bit.ly/71GhKk

And often only with hindsight we can explain why one business model became dominant while the others faltered.

Let’s see who will survive.

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