Business model of modern art organizations Cover Image

Бизнес модела на съвременните арторганизации
Business model of modern art organizations

Author(s): Emiliya Konstantinova
Subject(s): Economy, Fine Arts / Performing Arts, Music, Business Economy / Management, Sociology of Art
Published by: Академия за музикално, танцово и изобразително изкуство „Проф. Асен Диамандиев“ – Пловдив
Keywords: arts management; business model; organizations; art

Summary/Abstract: The researches at the close of the 20th century have given a definition of the concept “business model” even though the global changes from the recent years caused some transformations in its application. Several decades ago there was an essential difference between the management model of purely business entities and this of cultural and arts organizations. Nowadays more and more arts organizations are adopting the typical business management models while the business entities are open to assuming creative approaches from the arts to their management. One of the contemporary concepts in the successful management of arts organizations is the adoption of a business model. The paper provides some examples and brings out a general concept of a business model suitable for arts organizations which if properly applied is the best management tool of every arts manager.

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