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Media Innovation and
Entrepreneurship:
Building an Environment for Change
CUNY Entrepreneurial Journalism
Summit
July 15, 2016
Dr. Michelle Ferrier, Associate Professor, E.W. Scripps School of Journalism, Ohio University
• Associate Professor ,
E.W. Scripps School of Journalism,
Ohio University, OH; ferrierm@ohio.edu;
Twitter: @mediaghosts
• President, Journalism That Matters
Founder, Create or Die Startup
Gatherings
• Founder, TrollBusters.com
• Chief Investigator:
The Media Deserts Project
• Mother of Google MapsEducator
Entrepreneur
Mentor
Scholar
New Media Innovator
Dr. Michelle Ferrier
Our Agenda
• Two Case Studies: Remote program video,
niche program (20 minutes)
• Media entrepreneurship: Why now? What
now? (20 minutes)
• Challenges to institutions/faculty (10
minutes)
• Brainstorm Stakeholders/Solutions (25
minutes)
Two Case Studies
Rich Gordon,
Medill School of Journalism,
Northwestern University
Dr. Carrier Brown,
CUNY Graduate School of
Journalism
This isn’t about startups.
(but a way of thinking…and startups too.)
“We need to use these
new leadership practices in
our core business, because
we face so much
uncertainty and need to
continue to reinvent
ourselves.”
-- Scott Cook, Co-founder,
Intuit.
Design Thinking @ Stanford
The Design Process
The Lean Startup by Eric Ries
Student Skills and Knowledge
1. Construct and deliver a pitch.
2. Conduct market research.
3. Conduct audience analysis.
4. Understand the entrepreneurial
landscape/startup culture.
5. Conduct a competitive analysis.
6. Create a minimum viable product.
7. Read, understand and create financial
statements.
Ferrier, Michelle Barrett. “Media Entrepreneurship: Curriculum Development and Faculty Perceptions of
What Students Should Know,” Journalism & Mass Communication Educator, Sept. 2013, Vol 68, Issue 3, p.
222.
Four strategic questions
that frame the new
challenges and
opportunities for media
organizations.
Source: The Big Thaw: Charting a Future for
Journalism, Deifell, 2009.
Four Strategic Questions
• New Competitive Landscape:
How is the landscape changing?
• New Sources of Value:
What needs can be met, problems solved or desires
fulfilled?
• New Distinctive Competencies:
What new capabilities are needed to succeed?
• New Business Models:
How are media organizations structured to capture value?
Digital Media Market Sectors
• Experiential & Immersive Entertainment
• Modeling & Simulation (virtual worlds,
augmented/mixed reality)
• Game Development & Publishing
• Motion Picture Creation (webisodes,
animation, visual effects, audio/sound design)
• Pre-Vis/Visualization (data, mapping,
architectural, bio-medical
Dr. Michelle Ferrier, Ohio University,
@mediaghosts
Digital Media Market Sectors
• Mobile Media
• eLearning
• Interactive Marketing & Advertising (social media,
online ads, in-game ad placement
• Content Aggregation & Distribution (niche
portals)
• Internet A/V Content Distribution (streaming
media)
• Web Content & Application Development
Dr. Michelle Ferrier, Ohio University,
@mediaghosts
Challenges for Higher Education
• Faculty champions: Care and support
• Credibility gap: Who is an entrepreneur?
• Making it real: Experiential learning;
consequences
• Professional culture: Editorial vs. financial
• Pace of media evolution: Crazy!
• Curriculum resources: Scarce
• Making it count: Tenure, making it visible
OHIO University: Blend of Experiential
and Academic Avenues
• Scripps International Innovators Cup: Global competition
for student teams on media entrepreneurship.
• Scripps Innovation Challenge: University-wide student
media entrepreneurship competition.
• Mobile Module: Two-week module taught by industry
experts and infused throughout curriculum.
• Game Research and Immersive Design Lab:
Pre-incubation space for game development teams.
• Digital Media Incubator: Early-stage investment in
student/graduate companies.
• Certificate in Entrepreneurship with Business
• Partnerships with Accelerators: Internship opportunities
for students with startup companies.
Ohio University | Team Ubuntu
2016 Inaugural Competition Winners
Team Ubuntu 2015
Next Steps: Brainstorming Solutions
• What do we need as faculty
members to be successful? How do
these needs change based on size of
institution, instructor experience and
relationships, school location and
other factors?
Brainstorm: Stakeholders/Solutions
• Topics for discussion: Any other burning
questions/challenges to address?
• Identify people for groups
• Identify stakeholders on stickie notes
• Convene in breakout rooms and pick top 6
stakeholders
• Create column for each stakeholder
• Ideate with one idea per stickie
• Reconvene here in large room with
stakeholder/solutions list
Stakeholder Mapping
Stakeholder Mapping
Importance/
Difficulty
Matrix
Building the Media Entrepreneurship
Ecosystem
• Awareness: Scripps International Innovators Cup for student-
led innovation global competition.
• Exchange: Facebook: Media Entrepreneurship
Wiki:http://media-entrepreneurship-course-
development.wikispaces.com
• Research: Two special issues on media entrepreneurship
(Newspaper Research Journal, Fall 2016; Journalism Practice,
Spring 2016).
• Education: Scripps Howard Journalism Entrepreneurship
Institute each January at Arizona State University
Contact Me
• @mediaghosts
• Facebook: DrMichelleFerrier
• LinkedIn: Michelle Ferrier
• ferrierm@ohio.edu

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Building Media Innovation Environments

  • 1. Media Innovation and Entrepreneurship: Building an Environment for Change CUNY Entrepreneurial Journalism Summit July 15, 2016 Dr. Michelle Ferrier, Associate Professor, E.W. Scripps School of Journalism, Ohio University
  • 2. • Associate Professor , E.W. Scripps School of Journalism, Ohio University, OH; ferrierm@ohio.edu; Twitter: @mediaghosts • President, Journalism That Matters Founder, Create or Die Startup Gatherings • Founder, TrollBusters.com • Chief Investigator: The Media Deserts Project • Mother of Google MapsEducator Entrepreneur Mentor Scholar New Media Innovator Dr. Michelle Ferrier
  • 3.
  • 4. Our Agenda • Two Case Studies: Remote program video, niche program (20 minutes) • Media entrepreneurship: Why now? What now? (20 minutes) • Challenges to institutions/faculty (10 minutes) • Brainstorm Stakeholders/Solutions (25 minutes)
  • 5. Two Case Studies Rich Gordon, Medill School of Journalism, Northwestern University Dr. Carrier Brown, CUNY Graduate School of Journalism
  • 6. This isn’t about startups. (but a way of thinking…and startups too.) “We need to use these new leadership practices in our core business, because we face so much uncertainty and need to continue to reinvent ourselves.” -- Scott Cook, Co-founder, Intuit.
  • 7. Design Thinking @ Stanford
  • 9. The Lean Startup by Eric Ries
  • 10. Student Skills and Knowledge 1. Construct and deliver a pitch. 2. Conduct market research. 3. Conduct audience analysis. 4. Understand the entrepreneurial landscape/startup culture. 5. Conduct a competitive analysis. 6. Create a minimum viable product. 7. Read, understand and create financial statements. Ferrier, Michelle Barrett. “Media Entrepreneurship: Curriculum Development and Faculty Perceptions of What Students Should Know,” Journalism & Mass Communication Educator, Sept. 2013, Vol 68, Issue 3, p. 222.
  • 11. Four strategic questions that frame the new challenges and opportunities for media organizations. Source: The Big Thaw: Charting a Future for Journalism, Deifell, 2009.
  • 12. Four Strategic Questions • New Competitive Landscape: How is the landscape changing? • New Sources of Value: What needs can be met, problems solved or desires fulfilled? • New Distinctive Competencies: What new capabilities are needed to succeed? • New Business Models: How are media organizations structured to capture value?
  • 13. Digital Media Market Sectors • Experiential & Immersive Entertainment • Modeling & Simulation (virtual worlds, augmented/mixed reality) • Game Development & Publishing • Motion Picture Creation (webisodes, animation, visual effects, audio/sound design) • Pre-Vis/Visualization (data, mapping, architectural, bio-medical Dr. Michelle Ferrier, Ohio University, @mediaghosts
  • 14. Digital Media Market Sectors • Mobile Media • eLearning • Interactive Marketing & Advertising (social media, online ads, in-game ad placement • Content Aggregation & Distribution (niche portals) • Internet A/V Content Distribution (streaming media) • Web Content & Application Development Dr. Michelle Ferrier, Ohio University, @mediaghosts
  • 15. Challenges for Higher Education • Faculty champions: Care and support • Credibility gap: Who is an entrepreneur? • Making it real: Experiential learning; consequences • Professional culture: Editorial vs. financial • Pace of media evolution: Crazy! • Curriculum resources: Scarce • Making it count: Tenure, making it visible
  • 16. OHIO University: Blend of Experiential and Academic Avenues • Scripps International Innovators Cup: Global competition for student teams on media entrepreneurship. • Scripps Innovation Challenge: University-wide student media entrepreneurship competition. • Mobile Module: Two-week module taught by industry experts and infused throughout curriculum. • Game Research and Immersive Design Lab: Pre-incubation space for game development teams. • Digital Media Incubator: Early-stage investment in student/graduate companies. • Certificate in Entrepreneurship with Business • Partnerships with Accelerators: Internship opportunities for students with startup companies.
  • 17. Ohio University | Team Ubuntu 2016 Inaugural Competition Winners
  • 19. Next Steps: Brainstorming Solutions • What do we need as faculty members to be successful? How do these needs change based on size of institution, instructor experience and relationships, school location and other factors?
  • 20. Brainstorm: Stakeholders/Solutions • Topics for discussion: Any other burning questions/challenges to address? • Identify people for groups • Identify stakeholders on stickie notes • Convene in breakout rooms and pick top 6 stakeholders • Create column for each stakeholder • Ideate with one idea per stickie • Reconvene here in large room with stakeholder/solutions list
  • 23.
  • 25. Building the Media Entrepreneurship Ecosystem • Awareness: Scripps International Innovators Cup for student- led innovation global competition. • Exchange: Facebook: Media Entrepreneurship Wiki:http://media-entrepreneurship-course- development.wikispaces.com • Research: Two special issues on media entrepreneurship (Newspaper Research Journal, Fall 2016; Journalism Practice, Spring 2016). • Education: Scripps Howard Journalism Entrepreneurship Institute each January at Arizona State University
  • 26. Contact Me • @mediaghosts • Facebook: DrMichelleFerrier • LinkedIn: Michelle Ferrier • ferrierm@ohio.edu

Notas del editor

  1. VIDEO LINK: https://www.youtube.com/watch?v=D2lwPohVvSU