The Role of Stakeholders in Cultural Entrepreneurship Management

The skills and knowledge of the owners and employees of cultural enterprises on economic use of financial resources do not guarantee valuable artistic results. Therefore, a substantiated question has arisen: how to evaluate management in enterprises with bad financial ratios and outstanding artistic...

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Main Author: Zemite Ieva
Format: Article
Language:English
Published: Sciendo 2016-06-01
Series:Economics and Culture
Subjects:
Online Access:https://doi.org/10.1515/jec-2016-0012
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spelling doaj-093967a5bb4540638df6e1dcaa4841682021-09-06T19:40:29ZengSciendoEconomics and Culture2256-01732016-06-011319710310.1515/jec-2016-0012jec-2016-0012The Role of Stakeholders in Cultural Entrepreneurship ManagementZemite Ieva0Latvian Academy of Culture, The University College of Economics and Culture, LatviaThe skills and knowledge of the owners and employees of cultural enterprises on economic use of financial resources do not guarantee valuable artistic results. Therefore, a substantiated question has arisen: how to evaluate management in enterprises with bad financial ratios and outstanding artistic indicators. The existing definitions of cultural management (Aageson, 2008; Hagoort, 2007; Klamer, 1999; Stam, 2006; Nordman, 2003) also do not provide precise suggestions for determining the most important indicators in the evaluation of cultural management. The question is how to evaluate management in cultural entrepreneurship by determining the most important indicators for a cultural enterprise’s performance improvement. In order to define the goal of the stakeholders’ (artists, clients, media, arts scholars, third parties providing funds, cooperation partners) engagement, it is necessary to analyse the area of an enterprise’s activities, and in what way and by what kind of activities it is possible to engage the stakeholders. During the course of empirical research, it is planned to disclose, analyse and interpret the subjective reasons of pursuit. Although a numerical evaluation of stakeholders was obtained during the research and data analysis performed by Spearman’s rho correlation calculations, the obtained results during the interpretation have not been generalised. The research results reveal the role of the cultural enterprise’s stakeholders’ engagement in the evaluation of management, point to the importance of the goals’ analysis as well as the analysis of each stakeholder’s engagement, and define the criteria for evaluating the activities in cultural entrepreneurship.https://doi.org/10.1515/jec-2016-0012stakeholder’s engagementcultural entrepreneurshipculture management
collection DOAJ
language English
format Article
sources DOAJ
author Zemite Ieva
spellingShingle Zemite Ieva
The Role of Stakeholders in Cultural Entrepreneurship Management
Economics and Culture
stakeholder’s engagement
cultural entrepreneurship
culture management
author_facet Zemite Ieva
author_sort Zemite Ieva
title The Role of Stakeholders in Cultural Entrepreneurship Management
title_short The Role of Stakeholders in Cultural Entrepreneurship Management
title_full The Role of Stakeholders in Cultural Entrepreneurship Management
title_fullStr The Role of Stakeholders in Cultural Entrepreneurship Management
title_full_unstemmed The Role of Stakeholders in Cultural Entrepreneurship Management
title_sort role of stakeholders in cultural entrepreneurship management
publisher Sciendo
series Economics and Culture
issn 2256-0173
publishDate 2016-06-01
description The skills and knowledge of the owners and employees of cultural enterprises on economic use of financial resources do not guarantee valuable artistic results. Therefore, a substantiated question has arisen: how to evaluate management in enterprises with bad financial ratios and outstanding artistic indicators. The existing definitions of cultural management (Aageson, 2008; Hagoort, 2007; Klamer, 1999; Stam, 2006; Nordman, 2003) also do not provide precise suggestions for determining the most important indicators in the evaluation of cultural management. The question is how to evaluate management in cultural entrepreneurship by determining the most important indicators for a cultural enterprise’s performance improvement. In order to define the goal of the stakeholders’ (artists, clients, media, arts scholars, third parties providing funds, cooperation partners) engagement, it is necessary to analyse the area of an enterprise’s activities, and in what way and by what kind of activities it is possible to engage the stakeholders. During the course of empirical research, it is planned to disclose, analyse and interpret the subjective reasons of pursuit. Although a numerical evaluation of stakeholders was obtained during the research and data analysis performed by Spearman’s rho correlation calculations, the obtained results during the interpretation have not been generalised. The research results reveal the role of the cultural enterprise’s stakeholders’ engagement in the evaluation of management, point to the importance of the goals’ analysis as well as the analysis of each stakeholder’s engagement, and define the criteria for evaluating the activities in cultural entrepreneurship.
topic stakeholder’s engagement
cultural entrepreneurship
culture management
url https://doi.org/10.1515/jec-2016-0012
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