Bibliographic Details
| Title: |
The Metaverse Flywheel: Creating Value across Physical and Virtual Worlds. |
| Authors: |
Ritala, Paavo, Ruokonen, Mika, Kostis, Angelos |
| Source: |
California Management Review; Aug2024, Vol. 66 Issue 4, p80-101, 22p |
| Subject Terms: |
SHARED virtual environments, VALUE creation, VIRTUAL reality, AUGMENTED reality, INNOVATION adoption |
| Abstract: |
This study presents a metaverse flywheel model providing insights into how the emerging layered modular architecture of the metaverse can enable new types of value-creation opportunities for organizations. Based on interviews with early metaverse adopters and innovators, this article identifies three key metaverse affordances: prospection of future conditions, persistence of editable and evolving virtual spaces, and integration between virtual and physical worlds. The findings enhance the nascent metaverse literature by highlighting that new organizing logics are required for metaverse-specific value creation, which goes beyond the previous generation's isolated 3D models and other interfaces. [ABSTRACT FROM AUTHOR] |
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| Database: |
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