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The Digital Economy: It’s Not the Technology, It’s the Business Model, Stupid!

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Managing Media Businesses

Abstract

That technology is reshaping the media and entertainment landscape goes without saying. Digital devices are dramatically changing everything we do and every way we work today. Media and entertainment executives will be familiar with most of them. The focus of this chapter is on understanding the underlying business models and ecosystems on which today’s digital revolution is being built. It discusses some of the key trends in online business and tries to project their future implications. Most important is the need to adopt a digital mindset—because no matter what new tech innovation comes next, you, as a manager, need to have the capabilities and competencies to be ready for anything.

This chapter also contains some material from E. Káganer, J. Zamora and S. Sieber (2013), “5 Skills Every Leader Needs to Succeed in the Digital World,” IESE Insight magazine, Third Quarter, Issue 18, and the video “The Digital Mindset” from the IESE Insight Business Knowledge Portal, http://www.ieseinsight.com/fichaMaterial.aspx?pk=119449&idi=2&origen=1&ar=5&

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Correspondence to Sandra Sieber .

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Sieber, S., Seager, P.H. (2017). The Digital Economy: It’s Not the Technology, It’s the Business Model, Stupid!. In: Rosenberg, M., Seager, P. (eds) Managing Media Businesses. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-52021-6_8

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