Kretschmer, M., Klimis, G.M. and Choi, C.J., 1999. Increasing returns and social contagion in cultural industries. British Journal of Management, 10 (s1), pp. 61-72.
Full text not available from this repository.
Official URL: http://www.blackwell-synergy.com/doi/pdf/10.1111/1...
A formal definition of cultural industries is developed following four distinct features of cultural goods: (a) oversupply, (b) quality uncertainty, (c) network effects and (d) demand reversal. Drawing on economic and socio-psychological notions of ‘network’, increasing returns and social contagion effects are distinguished. Increasing returns may govern the adoption of standards when choices are binary, social contagion explains the diffusion of cultural goods when choices are multiple. Together, the four structural features delineating cultural industries account for curious competitive dynamics prevalent in cultural markets, such as the notorious 10 : 90 proportionality (under which 10% of cultural goods account for 90% of the market), causal ambiguity about the reasons for success, and the formation of fashions. Six managerial recommendations are advanced, focusing on a criticial circulation point triggering self-sustaining diffusion patterns. Finally ‘project-based enterprises’ and ‘network forms of governance’ are identified as the organizational forms most suited to the dynamics of the cultural markets
|Additional Information:||Most innovative paper award British Academy of Management 1998|
|Uncontrolled Keywords:||cultural industries, social contagion|
|Subjects:||Social Sciences > Communication, Cultural and Media Studies|
Technology > Business, Management and Marketing
Social Sciences > Economics
Social Sciences > Commerce
|Group:||Business School > Department of Law|
|Deposited By:||INVALID USER|
|Deposited On:||11 Dec 2007|
|Last Modified:||07 Mar 2013 14:38|
|Repository Staff Only -|
|BU Staff Only -|
|Help Guide -||Editing Your Items in BURO|