Post by account_disabled on Dec 20, 2023 6:25:15 GMT
Should employees ask in stores? Is this the new face of retail? Opportunities and Good Questions Hidden in Paradoxes by Elizabeth Heichler The Korean drama My Love from the Star tells the story of a dashing 20-year-old alien who falls in love with a woman. The plot is not difficult to follow. It's essentially a boy-meets-girl story with an interstellar twist. Global demand for such Korean entertainment (movies, TV shows, and music videos) has exploded in recent years. For non-Korean-speaking viewers, the subtitle experience is crucial. Enter , a company that hosts streaming content and provides subtitles and subtitles. Not only do you eliminate language barriers, but you also validate content presentations to identify underserved audiences. Traditionally, subtitles were created by bilingual translators hired by producers or broadcasters.
But the process is expensive and slow to scale. To overcome these challenges, a business model was developed that leveraged a community of more than 100 volunteers. This model allows crowdsourcing subtitles for Asian content in multiple languages. Reward volunteers with gamified tasks, access to Job Function Email List videos not available in their region, early access to new shows, and an ad-free HD content experience. As it happens, the market for waiting services has matured. In fact, growing Internet video adoption and greater interest in content (both foreign in Asia and globally) has become a huge opportunity for the Tokyo-based company, which was acquired for a reported price of US$10 million per year.
Dual Business Model Waves From our perspective, as a consulting firm that analyzes business model innovation around the world, the story is emblematic of a larger trend happening in Asia. We will view Asia as a wave of emerging companies and leverage business model innovation to drive growth in the region. But to understand this type of business model innovation in its proper context, it’s important to understand the first movers. Our research on business model innovation in Asia uncovers two separate yet overlapping waves of innovation: one that is historically ongoing and one that is currently evolving. (Except about the research.) About the research To map the emerging wave of business model innovation in Asia, we used four First, we looked back.
But the process is expensive and slow to scale. To overcome these challenges, a business model was developed that leveraged a community of more than 100 volunteers. This model allows crowdsourcing subtitles for Asian content in multiple languages. Reward volunteers with gamified tasks, access to Job Function Email List videos not available in their region, early access to new shows, and an ad-free HD content experience. As it happens, the market for waiting services has matured. In fact, growing Internet video adoption and greater interest in content (both foreign in Asia and globally) has become a huge opportunity for the Tokyo-based company, which was acquired for a reported price of US$10 million per year.
Dual Business Model Waves From our perspective, as a consulting firm that analyzes business model innovation around the world, the story is emblematic of a larger trend happening in Asia. We will view Asia as a wave of emerging companies and leverage business model innovation to drive growth in the region. But to understand this type of business model innovation in its proper context, it’s important to understand the first movers. Our research on business model innovation in Asia uncovers two separate yet overlapping waves of innovation: one that is historically ongoing and one that is currently evolving. (Except about the research.) About the research To map the emerging wave of business model innovation in Asia, we used four First, we looked back.