CARIBBEAN MUSIC IN A GLOBAL MARKET

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Information about CARIBBEAN MUSIC IN A GLOBAL MARKET
Business-Finance

Published on January 13, 2009

Author: aSGuest10337

Source: authorstream.com

STRATEGIES FOR A SUCCESSFUL CARIBBEAN MUSIC INDUSTRY IN THE GLOBAL MARKETBRANDINGINTELLECTUAL PROPERTY:THE CASE OF JAMAICAN MUSIC : STRATEGIES FOR A SUCCESSFUL CARIBBEAN MUSIC INDUSTRY IN THE GLOBAL MARKETBRANDINGINTELLECTUAL PROPERTY:THE CASE OF JAMAICAN MUSIC Slide 2: FINANCING - ACCESS TO CAPITAL INFORMATION & COMMUNICATION INFRASTRUCTURE & INSTITUTIONAL STRENGTHENING EDUCATION & TRAINING LEGISLATION COPYRIGHT-ANTI PIRACY INDUSTRY INCENTIVES TRADEMARKS & PATENTS MARKET ACCESS TRAVEL RESTRICTIONS SHIPPING COSTS INCONSISTENT GOVERNMENT RECOGNITION OF VALUE ADDED FROM CREATIVE & MEDIA INDUSTRIES INFORMAL CREATIVE & MEDIA INDUSTRY LOBBY FRAGMENTED GOVERNMENT POLICY/INITIATIVES COMMON ISSUES STRENGTHS : STRENGTHS ORGANIC GLOBAL BRAND APPEAL DIVERSE PRODUCT LINE EXTENSIVE CATALOGUE EXTENSIVE TALENT BASE MARKET HISTORY ESTABLISHED LIVE TOUR CIRCUIT SWOT ANALYSIS STRENGTHS : STRENGTHS JAMAICAN SOUND RECOGNIZED GENRE STATE OF THE ART RECORDING STUDIOS EXPERIENCED PRODUCTION SKILLS BASE INTERNATIONALLY EXPERIENCED DOMESTIC FILM INDUSTRY WEAKNESSES : WEAKNESSES FRAGMENTED INDUSTRY LACK OF RECOGNIZED INDUSTRY LOBBY/THINK TANK/TASK FORCE FRAGMENTED AGENDA ABSENCE OF INTERNATIONAL LABELS LACK OF STRONG GLOBAL LABEL/DISTRIBUTION-MARKETING LACK OF BRAND MANAGEMENT IE ISLAND FRAGMENTED MARKETING INADEQUATE NUMBER OF QUALITY MUSIC VIDEOS SPORADIC INDIVIDUAL CAMPAIGNS SHORT TERM PLANNING INADEQUATE DISTRIBUTION LIMITED MARKET PENETRATION Slide 6: EMBRYONIC TO WEAK INFRASTRUCTURE INDUSTRY & PUBLIC SECTOR LIMITED MANAGEMENT SKILLS BUSINESS DEVELOPMENT TALENT MANAGEMENT EVENTS BRANDS INADEQUATE EDUCATION & TRAINING OPPORTUNITIES PERFORMANCE PRODUCTION MANAGEMENT MARKETING MEDIA WEAKNESSES OPPORTUNITIES : OPPORTUNITIES INDEPENDENT DISTRIBUTION TO EMERGING MARKETS DIGITAL DISTRIBUTION - IPOD $ - ONLINE DOWNLOADS - CABLE/WIRELESS BRANDED INTERNET MARKETSPACE E-COMMERCE BRANDED GLOBAL TOURS THEMED COLLABORATIONS MERCHANDISING FASHION DVDS GAMES OPPORTUNITIES : EMERGING MARKETS PUBLISHING JOINT VENTURE LABEL DEALS ADVERTISING-ENDORSEMENTS FILMS ANIMATION CHILDREN’S MARKET POSITION AS ENTERTAINMENT MECCA THEMED ATTRACTIONS THEMED RESORTS-VACATION PACKAGES OPPORTUNITIES Slide 9: TRANSFER OF TECHNOLOGY UNCOMPETITIVE ACCESS ie BROADBAND COSTS VIDEO QUALITY IMPORT COSTS INADEQUATE ACCESS TO CAPITAL RESOURCES VENTURE CAPITAL GRANTS PIRACY CONSUMER PREFERENCE FOR FREE MUSIC LACK OF STRATEGIC MEDIA PLATFORM RESTRICTED AIRPLAY MARKET PENETRATION THREATS Slide 10: INSUFFICIENT POLITICAL WILL LACK OF COHESIVE INTEGRATED GOVERNMENT PLAN/POLICY FOR CREATIVE & MEDIA INDUSTRIES ECONOMIES OF SCALE HANDICAPPED TRADE POSITIONS GLOBALIZATION = WTO/GATT/TRIPS/WIPO MARKET ACCESS TECHNOLOGY FUNDING INADEQUATE COPYRIGHT PROTECTION/ENFORCEMENT EXCESSIVE BUREAUCRACY EXCESSIVE TAXATION ABSENCE OF INDUSTRY INCENTIVES THREATS RECOMMENDED STRATEGIES : RECOMMENDED STRATEGIES INDUSTRY FORMALIZE INDUSTRY LOBBY SECURE RESOURCES AND TECHNICAL ASSISTANCE FOR INSTITUTIONAL STRENTHENING FINETUNE COMMUNICATION PROCESS BUILD BUSINESS CAPACITY TECHNICAL ASSISTANCE MARKET RESEARCH TRAINING ENABLE PROCESS TO INFORM RECOMMENDATIONS CONSULTATIONS MARKET RESEARCH WORKING FRAMEWORK RECOMMENDED STRATEGIES : RECOMMENDED STRATEGIES LEGISLATION-INSTITUTIONAL STRENGTHENING AMEND & ENFORCE COPYRIGHT ACT ADOPT INTERNET TREATIES COPYRIGHT REGISTRATION EXTEND PROTECTION TO 100 YEARS ENACT LEGISLATION re E-COMMERCE AMEND MPIE ACT TO INCLUDE INCENTIVES FOR MUSIC AND MODERN FILM-MAKING INSTITUTIONAL STRENGTHENING (INDUSTRY LOBBY/JACAP/RIAJAM/JFM/JIPO etc.) TRADEMARK NATIONAL BRANDS RECOMMENDED STRATEGIES : RECOMMENDED STRATEGIES EDUCATION & TRAINING EXPAND AND STRENGTHEN TRAINING OPTIONS Performance-Management-Production-Support Services Edna Manley College/ExEd/Alpha/HEART-VTDI/CPTC/Carimac EXTEND INTERNATIONAL LINKAGES Associations/Institutions/Expertise WTO/WIPO/UNESCO etc APPRENTICESHIP PROGRAMMES SCHOLARSHIPS/GRANTS PUBLIC SECTOR TRAINING MINISTRIES/AGENCIES– TRADE-CULTURE-ENTERTAINMENT-IT-APPAREL CUSTOMS – LINE OFFICERS-MANAGEMENT JUDICIARY – COURT OFFICERS POLICE RECOMMENDED STRATEGIES : RECOMMENDED STRATEGIES MARKETING POSITION NATIONAL BRANDS SOUNDS OF JAMAICA INTERNATIONAL REGGAE DAY BRAND MANAGEMENT E-COMMERCE WEBSITE/PORTAL PUBLIC EDUCATION CAMPAIGN INTEGRATE MARKETING CAMPAIGNS INDUSTRY TRADE SHOWS INTRA CARIBBEAN MARKET DEVELOPMENT IMPROVED MUSIC VIDEOS DEVELOP INTERNATIONAL CARIBBEAN MEDIA PLATFORMS RECOMMENDED STRATEGIES : RECOMMENDED STRATEGIES TRADE RECOGNITION OF CREATIVE INDUSTRIES LOBBY/ASSOCIATION NATIONAL CHAPTERS REGIONAL HEAD AGENDA RECEIVED FROM STAKEHOLDERS FACILITATE DEVELOPMENT AND ADOPTION OF POLICIES AND APPROPRIATE MEASURES TO EMPOWER THE INDUSTRY AND FOR PROTECTION AND PROMOTION OF CREATIVE & MEDIA INDUSTRIES PROVIDE FRAMEWORK WITHIN WHICH CREATORS MAY FREELY EVOLVE AND INTERACT ENCOURAGE DIALOGUE & FACILITATE COMMUNICATION STRENGTHEN INTERNATIONAL COOPERATION & SOLIDARITY FACILITATE INDEPENDENT DISTRIBUTION CONCLUSIONS : CONCLUSIONS INTELLECTUAL PROPERTY AKA CONTENT IS FUNDAMENTAL TO THE INFORMATION SOCIETY AND KNOWLEDGE ECONOMY JAMAICAN/CARIBBEAN MUSIC IS A GLOBALLY RECOGNIZED EXPORT PRODUCT CREATIVE INDUSTRIES SHOULD GUIDE ASPECTS OF GOVERNMENT ACTIVITY FROM TRADE TO CULTURAL POLICY NEW TECHOLOGIES AND MEDIA PRESENT UNPRECEDENTED OPPORTUNITIES FOR JAMAICA/CARIBBEAN TO COMPETE EFFECTIVELY IN THE GLOBAL MARKETSPACE JAMAICA/CARIBBEAN IS A GIANT IN GLOBAL CULTURE TECHNOLOGY CAN BE BOUGHT…CULTURE MUST BE CREATED

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