Articulating Growth and Cultural Innovation in Art Museums: The Louvre's Business Model Revision
Emmanuel Coblence () and
Valérie Sabatier
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Emmanuel Coblence: ISG - Institut Supérieur de Gestion - Institut Supérieur de Gestion
Valérie Sabatier: MTS - Management Technologique et Strategique - EESC-GEM Grenoble Ecole de Management
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Abstract:
In this article we question how organizations in the creative industries deal with the tension between the requirements for growth and for cultural innovation by revising their business models. Using a longitudinal study of the Louvre museum, we show how the pursuit of cultural innovation drove its recent business model revision. In particular, we analyze its transformation from a growth-oriented business model to a global and innovative business model, highlighting the organization's efforts to create symbolic value from its unique art collections through innovative exhibitions and displays. We describe the different drivers behind the shifts in value propositions, in the organization and in its resources and competences, and discuss how cultural innovation can be a powerful driver for revising and fine-tuning creative industry business models.
Keywords: Business Model; creative industry; innovation (search for similar items in EconPapers)
Date: 2014
Note: View the original document on HAL open archive server: http://hal.grenoble-em.com/hal-01346974
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Published in International Studies of Management and Organization, 2014, 44 (4), pp.9-25. ⟨10.2753/imo0020-8825440401⟩
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01346974
DOI: 10.2753/imo0020-8825440401
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