Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

Strategic Development and Internationalization of Cultural Industry with Virtual Reality and Augmented Reality Technologies

Version 1 : Received: 25 April 2023 / Approved: 26 April 2023 / Online: 26 April 2023 (04:20:36 CEST)

A peer-reviewed article of this Preprint also exists.

Kargas, A.; Loumos, G. Cultural Industry’s Strategic Development: Reaching International Audience by Using Virtual Reality and Augmented Reality Technologies. Heritage 2023, 6, 4640-4652. Kargas, A.; Loumos, G. Cultural Industry’s Strategic Development: Reaching International Audience by Using Virtual Reality and Augmented Reality Technologies. Heritage 2023, 6, 4640-4652.

Abstract

Internationalization and alternative ways for strategic management have been an objective for stakeholders in cultural industry, especially after COVID-19 pandemic crisis. During the past years “internationalization” has been almost exclusively related with promoting creation or content to larger audiences. Such a strategy seemed sufficient, even if empirical data did not always support such a belief. Technological progress and costs reduction in developing Virtual Reality (VR) and Augmented Reality (AR) applications, provides to cultural industry the opportunity to reach global audiences and to enrich their experience. Current research provides evidence about developing VR and AR tools that can act as internationalization facilitators when it comes to cultural industry. Research conducted during “VARSOCUL” project funded by the European Regional Development Fund (ERDF) as part of the Greek National Scope Action entitled "RESEARCH-CREATE-INNOVATE". The project’s main result, alongside with VR and AR tools developed are presented.

Keywords

strategic development; Business Internationalization; Cultural Industry; Virtual Reality; Augmented Reality

Subject

Computer Science and Mathematics, Software

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