Economic and Financial Viability Plan for the Enterpreneurship of a Lyric Theatre Low-Cost Company: The Case of Zarzuela in Spain

Manuel de Sancha Navarro Jesús (), Palma Martos Luis () and Oliver-Alfonso María Dolores ()
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Manuel de Sancha Navarro Jesús: Faculty of Economics and Business Science, University of Seville, Spain
Palma Martos Luis: Faculty of Economics and Business Science, University of Seville, Spain
Oliver-Alfonso María Dolores: Faculty of Economics and Business Science, University of Seville, Spain

Scientific Annals of Economics and Business, 2016, vol. 63, issue 3, 363-379

Abstract: Taking into account that one of the major handicaps when undertaken in the cultural sector is the problem of cost and demand volatility, this paper aims to implement a viability plan for the entrepreneurship of a lyric theatre low-cost company, dedicated to Zarzuela performance, a type of Spanish music like Opera. Firstly, the cultural sector data are analysed in terms of supply and demand and secondly a viability plan is carried out for three years. According to the results it is concluded that this type of venture is very risky if you do not have grant or other financial resources, due to the variability of demand and the increase in unit costs as the artistic performance has a fixed production technology that cannot absorb the technical progress of the rest of the economy.

Keywords: entrepreneurship; viability plan; cultural economy; low-cost; music (search for similar items in EconPapers)
JEL-codes: G30 M13 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:aicuec:v:63:y:2016:i:3:p:363-379:n:6

DOI: 10.1515/saeb-2016-0128

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