Founded
in 2008 with the vision to increase access to books in Africa, Paperight is now
the largest network with print-on-demand books to stores in the world with over
200 outlets (Paperight, 2013a). This innovation earned them first place at the
Frankfurt Book Fair Contec Startup Showcase in Germany in October 2013
(Mulgrew, 2013).
Publishers, authors, or right brokers register
on the website, www.paperight.com, to
sell print licences to businesses-copy shops, schools, among others. They
choose their rights fee per copy in dollars, usually between 5-15% of their
conventional publication’s RRP. Paperight keeps 20% of that amount with no
other fees charged. Customers pay a licence fee and the outlet’s printing
charge (Paperight,
2013b).
The four P’s of innovation
Product: changes in the products or services that an organisation offers.
The
innovation of Paperight offers products to two groups of consumers. It sells licences
to copy shops, schools etc. to print books on demand and it sells new markets
to publishers and authors.
Process:
changes in the way in which these products or services are created and
distributed.
It
is relatively cheaper to purchase a book printed from a Paperight outlet than
to purchase it from a bookshop. Titles printed from the internet are usually
more liable to copyright violation. In order to downgrade this, Paperight uses social DRM by way of
watermarking to personalize each book with the author(s) and end user’s name. This
enables Paperight conduct spot checks on its outlets to make sure the system is
used correctly (Anderson, 2013).
Delivery
is also relatively cheaper. There are no delivery charges with Paperight
products.
Position:
changes in the context or market in which the products or services are
introduced.
Titles published
which may have initially been restricted to certain markets due to limitations
in delivery now have a wider market through Paperight.
Paradigm:
changes in the fundamentals of the models which structure what the company does.
Publishers
and authors usually sell their books in bookshops, online stores etc. However, the
innovation of Paperight provides a radical alternative for the sales and
distribution of books.
The
Paperight innovation clearly demonstrates the utilization of knowledge and
technology to produce novelty products and services ( Tidd & Bressant, 2009).
According to research gathered, Paperight has no competitors in the same vein of
its production.
Hi Jemimah! I just wanted to say thank you for your interest in Paperight, and for taking the time to post this. It's a great summary of what we're doing. If you have further questions or want some feedback on the issues in your 'Limitations' slide, just let us know (team@paperight.com). —Arthur, Paperight founder/CEO.
ReplyDeleteThank you Arthur, I will get in touch with you for more information.
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