Monetization Solutions for Today’s Libraries: Singapore Management University (SMU) Library as an Example

DOI

10.2991/ssmi-18.2019.130How to use a DOI?

Keywords

Libraries; demands; monetization; business models.

Abstract

The library is a rich repository of information and knowledge and have access to many sources of information and knowledge. We believe that there is great potential for academic libraries to find ways to monetize their digital assets and services as a means of building new revenue and profit streams, both in B2B and B2C markets. Furthermore, we believe that a stronger financial position resulted from divergent revenue streams will bring more advanced technologies, resources and talents to the library, which therefore reinforce the competitive advantage to libraries. In this essay, we discussed the demand from the public for products and services offered by the library. By addressing the demand with proposed value-added products and services, we plot out the monetization implementation for the library, of which the business unit and business model operation are discussed in detail.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yi Zhou
AU  - Xiaozhu Ma
PY  - 2019/02
DA  - 2019/02
TI  - Monetization Solutions for Today’s Libraries: Singapore Management University (SMU) Library as an Example
BT  - Proceedings of the 2018 International Symposium on Social Science and Management Innovation (SSMI 2018)
PB  - Atlantis Press
SP  - 773
EP  - 780
SN  - 2352-5428
UR  - https://doi.org/10.2991/ssmi-18.2019.130
DO  - 10.2991/ssmi-18.2019.130
ID  - Zhou2019/02
ER  -