This article presents the open-market paradigm in the context of digital convergence and proposes strategic directions for open-market participants. Although not a new phenomenon, open market has become the most popular e-business model, linking millions of buyer and seller individuals (Customer to Customer: C2C). This article examines the drivers of digital convergence that enable the open-market paradigm and conducts industry and Blue Ocean analyses for open-market business. Finally, a real-world application – the Cyworld market of Korea – is presented as an illustrative example.
Jeon, Sunran; Park, So Ra; and Digman, L. A., "Strategic Implications of the Open-Market Paradigm Under Digital Convergence: The Case of Small Business C2C" (2008). Scholarship and Professional Work - Business. Paper 62.