Online social networks as an emerging opportunity for entrepreneurship : a study of the music industry
Kaya, Maria & Steffens, Paul R. (2010) Online social networks as an emerging opportunity for entrepreneurship : a study of the music industry. In Proceedings of 2010 Babson College Entrepreneurship Research Conference, Babson College, Ecole Polytechnique Fédérale de Lausanne, Lausanne.
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Abstract
The explosion in use of online social networks is an important phenomenon that provides a new set of entrepreneurial opportunities. Emerging musicians have been among the first to exploit this new market opportunity – and indeed, many have used it successfully. A recent study Carter (2009) reveals that artists who earned the most returns had an online presence on multiple social online sites and services such as MySpace and Facebook. These web pages are leveraged to build fan bases and develop different types of revenue streams. Yet, little is currently known about discovery or exploitation of such opportunities.
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| ID Code: | 40394 |
|---|---|
| Item Type: | Conference Paper |
| Keywords: | Online Social Networks, Entrepreneurship, Music Industry |
| Subjects: | Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Entrepreneurship (150304) |
| Divisions: | Current > Research Centres > Australian Centre for Entrepreneurship Current > QUT Faculties and Divisions > QUT Business School Current > Schools > School of Management |
| Copyright Owner: | Copyright 2010 [please consult the authors] |
| Deposited On: | 03 Mar 2011 09:18 |
| Last Modified: | 04 Mar 2011 16:23 |
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