Dynamic media management capabilities: A case study
Authors: Oliver, J.
Pages: 293-308
DOI: 10.1007/978-3-319-08515-9_17
Source: Scopus
Dynamic media management capabilities: a case study
Authors: Oliver, J.J.
Editors: Lowe, G.F.
Publisher: Springer International Publishing
Place of Publication: Switzerland
ISBN: 978-3-319-08515-9
DOI: 10.1007/978-3-319-08515-9
Abstract:In the past decade television broadcasters have transformed themselves into multi-sector media firms. Traditional media and telecommunications industries have converged, resulting in new media technologies and platforms keyed to digitalisation, correlated with fundamental changes in audience consumption habits, and encouraging exploration of new business models. This transformative and largely unpredictable media environment raises important questions about how media firms have adapted to a competitive media environment that is characterised by uncertainty. Dynamic Capability Theory provides us with an appropriate lens through which to examine how media firms adapt to rapidly changing environments. It argues that in dynamic markets, firms must adapt and refresh their resource base in order to develop new capabilities and competencies that will help them to adapt to market change and deliver sustainable competitive advantage over time.
This chapter examines the theory on ‘dynamic capabilities’ and applies it to a media company in the UK (BskyB) to illustrate its importance, by engaging a critical evaluation of the company’s ability to adapt and transform from a subscription based television company into a multi-product, multi-platform media firm. The chapter concludes by arguing that that Dynamic Capabilities Theory provides a valuable contribution to the debate on how media firms can maintain high levels of corporate performance in response to fast changing market conditions.
Source: Manual