Perspectives

Historical analysis of bibliometric trends shows scholarly publishing market consolidation over the years. These changes are linked to the emergence of The Big Deal subscription model and Open Access initiatives that have forced publishers into a rapid shift towards new business models focused on volume and scalability.

The last few years have been a period of rapid market consolidation in scholarly publishing. In addition to publishers acquiring smaller publishers, we are seeing an ongoing decline in the number of the independent society publishers as more and more continue to sign on with larger publishing partners.

The recent announcement that Penguin Random House is pursuing an acquisition of Simon & Schuster points to an emerging paradigm, the publishing company that serves as a nexus for much of an industry’s activity. There are lessons here for STM publishing, too, as one can imagine Elsevier (or even ResearchGate) moving in this direction. A 360° competitor not only looks to its legacy customer base but also develops a strategy that radiates in all directions, becoming the partner of friends and rivals alike. Scale and imagination are prerequisites for this strategy, but the strategy also demands a willingness to unbundle the primary publishing platform and make it available to all comers.

This post was co-authored by Joe Esposito and Roger Schonfeld of Ithaka S+R.

Every day, choices are made, and positions advocated, about the best organizational forms for providing the various services needed for the academic enterprise. This is an important, and underexamined, issue for academia. As well-resourced as some universities are, they are not infinite in size, and, as a result, they have to prioritize their investments. When purchasing or developing scholarly communications services, library systems, and research workflow tools, individual universities seek cross-institutional scale, which can be achieved in a variety of ways, including open source software, institutional partnerships, consortia, and outsourcing to third-party organizations, both not-for-profit (NFP) and commercial in structure.

Marketing, at the best of times is hard, and in a time of crises, it can feel near impossible. But market we must. Colleagues depend on marketing to develop programs to bring in revenue, which keeps people employed and enables the mission of scholarly and professional publishing to move forward. Customers depend on marketing to stay informed. A handful of simple but powerful strategies can make the difference between striking the right note and a #marketingfail.

Conferences are so deeply embedded in the culture and cadence of science and academia that it is hard to imagine what professional life would look like without them. Many organizations are looking to replace conferences with virtual events, but simply streaming the same sessions on the same schedule may prove insufficient. Shifting meetings to virtual formats requires reconceptualizing meetings for the needs of attendees working from home — and rethinking business models, technologies, and processes as well. Societies and associations with annual meetings will need to think the implications for member engagement and member renewals, manuscript recruitment, education, and other ripple effects.

Heads of organizations--CEOs and Executive Directors--need to have a small group of trusted advisors to help in formulating strategy, especially when, for whatever reason, the questions at issue cannot easily be shared with the rest of the management and may initially be beyond the Board’s expertise. Building a brain trust must be done carefully; it must be viewed as a supplement to the management and Board and not a replacement.

Academics are often treated contemptuously by their peers for attempting to write for a popular audience, but the case for popularization is strong, as it both educates the public and helps to gain support for the academic enterprise. Economist Alan Krueger’s Rockonomics is an exceptionally interesting take on the “winner-takes-all” nature of some industries, including music.

The launch of a new journal called “University Journals” by a European consortium was the occasion for a piece on what it takes for a new service to become successful. The challenges are great, as even well-resourced start-ups, with prestigious backers (as is the case for “University Journals”), have to operate in an environment with a great deal of competition. This post lays out what has to be done to be successful.

When Stanford University proposed cutting the subsidiary it provides for its university press, a furor erupted, in part because Stanford is an exceptionally well-endowed institution and the subsidy required seemed a pittance. But in the context of overall university finances and priorities, rarely are presses moved to the top of the pile. For a press to be successful, it has to develop a strategy, including a financial strategy, that does not require it to take money from the university’s operating fund.