IDEAS home Printed from https://ideas.repec.org/a/rom/econmn/v17y2014i2p248-264.html
   My bibliography  Save this article

Increasing the Sustainability of Museums through International Strategy

Author

Listed:
  • Izabela Luiza POP

    (Babes-Bolyai University, Romania)

  • Anca BORZA

    (Babes-Bolyai University, Romania)

Abstract

Museums use resources in order to provide public goods and services. The most important sources of income for many museums are budgetary subsidies. Unfortunately, these grants are limited and shrinking. In this context, during the last years the need for sustainable development of museums was stressed. In order to continue to operate, museums were forced to find ways of increasing their own income and keeping their costs under control. Thus museums have begun to use management and marketing strategies similar to those used by private companies. This paper examines the positive effects of international strategy implementation on museums’ sustainability. The first part of the paper explains why it is necessary to reform the traditional management of museums, which its main development directions are, what the sustainable development of museums is and why they should become sustainable. In the second part our research conducted on three museums (Guggenheim, Louvre, Hermitage) shows that international expansion helps museums to increase their sustainability. The international strategy enables museums to increase their revenue, through licensing agreements, reduce their storage costs, highlight their heritage, improve their market image and be closer to consumers. Thus, through a strategy applied until recently only in the private sector, museums can improve their sustainability, but also better fulfill their purpose of serving the society.

Suggested Citation

  • Izabela Luiza POP & Anca BORZA, 2014. "Increasing the Sustainability of Museums through International Strategy," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(2), pages 248-264, December.
  • Handle: RePEc:rom:econmn:v:17:y:2014:i:2:p:248-264
    as

    Download full text from publisher

    File URL: https://www.management.ase.ro/reveconomia/2014-2/5.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Rãƒzvan-Andrei Corbo⪠& Ruxandra-Irina Popescu, 2012. "Orsay Museum - Successful Model For Raising Competitiveness In The Romanian Cultural Organizations," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 6(1), pages 474-482, November.
    2. Beatriz Plaza, 2006. "The Return on Investment of the Guggenheim Museum Bilbao," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 30(2), pages 452-467, June.
    3. Rãzvan-Andrei CORBOª & Ruxandra-Irina POPESCU, 2012. "Study regarding the National Museum of Art of Romania Visitors` Perception on Improving Its Competitiveness," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2012(19), pages 62-84, December.
    4. Martin Feldstein, 1991. "The Economics of Art Museums," NBER Books, National Bureau of Economic Research, Inc, number feld91-1, July.
    5. AfDB AfDB, . "AfDB Group Annual Report 2005," Annual Report, African Development Bank, number 61 edited by Koua Louis Kouakou.
    6. Martin Feldstein, 1991. "Introduction to "The Economics of Art Museums"," NBER Chapters, in: The Economics of Art Museums, pages 1-12, National Bureau of Economic Research, Inc.
    7. Beatriz Plaza & Silke N. Haarich, 2015. "The Guggenheim Museum Bilbao: Between Regional Embeddedness and Global Networking," European Planning Studies, Taylor & Francis Journals, vol. 23(8), pages 1456-1475, August.
    8. Isabelle Huault & V. Perret & S. Charreire-Petit, 2007. "Management," Post-Print halshs-00337676, HAL.
    9. Alcaraz, Celeste & Hume, Margee & Mort, Gillian Sullivan, 2009. "Creating sustainable practice in a museum context: Adopting service-centricity in non-profit museums," Australasian marketing journal, Elsevier, vol. 17(4), pages 219-225.
    10. Arjo Klamer, 2011. "Cultural entrepreneurship," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 24(2), pages 141-156, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pop, Izabela Luiza & Borza, Anca, 2015. "Sustainable Museums for Sustainable Development," MPRA Paper 68360, University Library of Munich, Germany.
    2. Pop, Izabela Luiza & Borza, Anca, 2016. "Technological innovations in museums as a source of competitive advantage," MPRA Paper 76811, University Library of Munich, Germany.
    3. Che-Chuan Hsu & Rua-Huan Tsaih & David C. Yen, 2018. "The Evolving Role of IT Departments in Digital Transformation," Sustainability, MDPI, vol. 10(10), pages 1-18, October.
    4. Izabela Luiza Pop & Anca Borza, 2016. "Factors Influencing Museum Sustainability and Indicators for Museum Sustainability Measurement," Sustainability, MDPI, vol. 8(1), pages 1-22, January.
    5. Romanelli Mauro, 2021. "Becoming Social Museums by Being Virtual-Oriented and Technology-Driven Organisations," Culture. Society. Economy. Politics, Sciendo, vol. 1(1), pages 79-92, June.
    6. Pop, Izabela Luiza & Florina Hahn, Rada & Michaela Radulescu, Corina, 2018. "Sustainable Development As A Source Of Competitive Advantage:An Empirical Research Study In Museums," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 9(1), pages 73-83.
    7. Izabela Luiza Pop & Anca Borza & Anuța Buiga & Diana Ighian & Rita Toader, 2019. "Achieving Cultural Sustainability in Museums: A Step Toward Sustainable Development," Sustainability, MDPI, vol. 11(4), pages 1-22, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pop, Izabela Luiza & Borza, Anca, 2015. "Sustainable Museums for Sustainable Development," MPRA Paper 68360, University Library of Munich, Germany.
    2. Coman, Adela & Pop, Izabela, 2012. "Entrepreneurship - the key for a successful museum," MPRA Paper 67430, University Library of Munich, Germany.
    3. Beatriz Plaza & Pilar Gonzalez-Casimiro & Paz Moral-Zuazo & Courtney Waldron, 2013. "Culture-led City Brands as Economic Engines: Theory and Empirics," ACEI Working Paper Series AWP-05-2013, Association for Cultural Economics International, revised Oct 2013.
    4. Izabela Luiza Pop & Anca Borza, 2016. "Factors Influencing Museum Sustainability and Indicators for Museum Sustainability Measurement," Sustainability, MDPI, vol. 8(1), pages 1-22, January.
    5. Asuaga, Carolina, 2006. "Los museos. Desde la economía a la Teoría General del Costo [The museums. From economics to the General Cost Theory]," MPRA Paper 105379, University Library of Munich, Germany, revised 2006.
    6. Vincent G. Munley, 2018. "A Contingent Valuation Analysis of the Galway City Museum: Welfare Estimates for Attendance in the Absence of an Admission Fee," The Economic and Social Review, Economic and Social Studies, vol. 49(4), pages 489-514.
    7. Elena GORI & Silvia FISSI, 2013. "From Cash to Accrual Accounting: A Model to Evaluate the Performance of Public Museums," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(4), pages 519-541, October.
    8. Dominic Rohner & Anna Winestein & Bruno S. Frey, 2006. "Ich bin auch ein Lemming: Herding and Consumption Capital in Arts and Culture," CREMA Working Paper Series 2006-05, Center for Research in Economics, Management and the Arts (CREMA).
    9. Juan José Price & Arne Henningsen, "undated". "A Ray-Based Input Distance Function to Model Zero-Valued Output Quantities: Derivation and an Empirical Application," Working Papers 5, International Society for Efficiency and Productivity Analysis.
    10. Ibon Aranburu & Beatriz Plaza & Marisol Esteban, 2016. "Sustainable Cultural Tourism in Urban Destinations: Does Space Matter?," Sustainability, MDPI, vol. 8(8), pages 1-14, July.
    11. Federica Antonaglia & Thierry Verstraete & Gerard Neraudau, 2019. "The conciliation of the scientific, cultural and economic missions of a cultural company through the entrepreneurial orientation of its business model. The case of Semitour," Post-Print hal-03420358, HAL.
    12. Rigoberto Ariel Yépez-Garcia & Julie Dana, 2012. "Mitigating Vulnerability to High and Volatile Oil Prices : Power Sector Experience in Latin America and the Caribbean," World Bank Publications - Books, The World Bank Group, number 9341, December.
    13. Muzychuk, V. & Khaunina, E., 2015. "Support Mechanisms for Museums in the Economic Crisis (the Example of Major Museums of Europe and Russia)," Journal of the New Economic Association, New Economic Association, vol. 25(1), pages 132-161.
    14. Asuaga, Carolina & Peombo, Carina, 2010. "Los Museos y el Cuadro de Mando Integral: Una adaptación de la perspectiva del cliente [Museums and Balanced Scorecard: An customer perspective adaptation]," MPRA Paper 105689, University Library of Munich, Germany.
    15. Juan José Price & Arne Henningsen, 2023. "A ray-based input distance function to model zero-valued output quantities: Derivation and an empirical application," Journal of Productivity Analysis, Springer, vol. 60(2), pages 179-188, October.
    16. Coman, Adela & Pop, Izabela, 2012. "Why Do Museums Matter? A Case Study on the Maramures County Museums," MPRA Paper 67311, University Library of Munich, Germany.
    17. Federico Revelli, 2013. "Tax incentives for cultural heritage conservation," Chapters, in: Ilde Rizzo & Anna Mignosa (ed.), Handbook on the Economics of Cultural Heritage, chapter 6, pages i-i, Edward Elgar Publishing.
    18. Asuaga, Carolina & Rausell, Pau, 2006. "Un Análisis de la gestión de instituciones culturales: el caso específico de los Museos [Management in cultural organizations: the case of museums]," MPRA Paper 13756, University Library of Munich, Germany.
    19. Hanna Nyborg Storm, 2022. "From Bilbao to Bodø: how cultural flagships are transforming local cultural life," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 46(4), pages 723-746, December.
    20. James Breen & Darragh Clancy & Mary Ryan & M. Wallace, 2010. "Can’t See the Wood for the Trees: The Returns to Farm Forestry in Ireland," Working Papers 1003, Rural Economy and Development Programme,Teagasc.

    More about this item

    Keywords

    sustainable development; expansion; museums; licensing; international strategy.;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Z1 - Other Special Topics - - Cultural Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rom:econmn:v:17:y:2014:i:2:p:248-264. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ciocoiu Nadia Carmen (email available below). General contact details of provider: https://edirc.repec.org/data/mnasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.