The World is Yours: Globalization Trends in Scholarly Publishing

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The World is Yours: Globalization Trends in Scholarly Publishing

Globalization is not, by any stretch of the imagination, a new trend. For decades, our world has steadily become more interconnected and, without doubt, this is a pattern that is set to continue long into the future. In scholarly publishing, this pattern is no different. But journal publishers are increasingly noting that globalization is progressively affecting every facet of the business—from editorial and production right through to financial and sales and marketing.

This is why at this year’s KGL PubFactory Virtual Series we dedicated a special session to the topic. Hosted by Kevin Lomangino, KGL’s Director of Consulting, platform customers were led through a fascinating presentation on how globalization is currently impacting scholarly publishing and how journal publishers can best position themselves to capitalize on this trend. The following highlights some of the most striking takeaways from the session.

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(Smoothly) Transitioning to New Publishing Business Models

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(Smoothly) Transitioning to New Publishing Business Models

With all the recent discussion around the US OSTP memo recommending free and immediate access to all federally funded research, we think it’s worthwhile to take a step back to assess the current state of subscription and Open Access business models and review how we got here, before considering how to best navigate this changing landscape. The following article details the history of business model innovation in scholarly journal publishing, from a Trends Talk by KGL Consulting.

For over a hundred years, the business of publishing academic journals has been sustained by the subscription model. It was always an impeccably simple premise: institutions paid, authors authored, publishers published, readers read, institutions renewed, and repeat. The 1970s marked something of a heyday for this model - an era that is often viewed by the industry as some kind of utopia—when the scholarly publishing ecosystem seemed to thrive, with an abundance of journals entering the market, bursting library shelves, institutional agreements aplenty and high renewal rates.

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Publishing Trends: OSTP and Public Access

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Publishing Trends: OSTP and Public Access

As part of the KGL PubFactory Virtual Series, on October 6 we hosted Industry Day, a half-day online seminar of insights, discussion, and practical takeaways for the scholarly publishing community. Headlining the event was an informative discussion with KGL’s Cara Rivera and Howard Ratner of CHORUS on the implications of the recent US OSTP memo recommending free and immediate access to all federally funded research.

Cara starts the session by reviewing what the memo says and doesn’t say, and presents excerpts from key industry stakeholders. Howard then masterfully explains potential impacts and important nuances. The recording of the 30-minute interview can be viewed here.

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Publishing Tips from KGL Consulting: Hiring an Editor-in-Chief Set to Succeed

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Publishing Tips from KGL Consulting: Hiring an Editor-in-Chief Set to Succeed

An Editor-in-Chief search is demanding, and recruiting the right candidate is vital to upholding a society’s reputation and increasing journal impact. KGL Consulting manages the recruitment process on behalf of many societies each year, helping to set journal programs on a path to even greater success. Here are a few crucial questions of an Editor-in-Chief search to consider.

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Publishing Tips from KGL Consulting: Keep Your Authors Happy

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Publishing Tips from KGL Consulting: Keep Your Authors Happy

Greater competition to attract high quality authors and new business models to increase published articles have led to a renewed focus on author satisfaction. What are journals doing to address this? KGL Consulting has identified dozens of ways to help organizations succeed. Here are a few simple ideas to get started.

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Knowledge Sharing: 5 Minutes with Cara Rivera, Co-founder of Kaufman Wills Fusting & Company

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Knowledge Sharing: 5 Minutes with Cara Rivera, Co-founder of Kaufman Wills Fusting & Company

Recently, KnowledgeWorks Global Ltd. (KGL) was very excited to announce the acquisition of Kaufman Wills Fusting & Company (KWF). The addition of sister companies, KWF Consulting and KWF Editorial adds new and expanded capabilities to the KGL portfolio and nearly 100 editorial and publishing business experts to our staff of industry professionals—not the least of whom, of course, is KWF co-founder, Cara (Kaufman) Rivera.

Assuming the new role of Vice President, Consulting and Analysis, Cara joined the KGL leadership team immediately following the November 2021 acquisition where she will continue to manage the business that is known for (among many other things), publishing the annual Journal Editorial Compensation Benchmark Study. With her decades of experience running KWF and working for commercial and society publishers, I wanted to learn more about what competencies she and her team bring to KGL, exactly how they serve journal publishers, and what she sees on the horizon for our industry.

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