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How Should National Museums Create Competitive Advantage Following Changes in the Global Economic Environment?

Author

Listed:
  • Pei-Hsuan Tsai

    () (Department of Marketing and Logistics Management, National Penghu University of Science and Technology, No. 300, Liuhe Rd., Magong City, Penghu County 88046, Taiwan)

  • Chin-Tsai Lin

    () (Department of Business Administration, Ming Chuan University, 5F, No. 130, Jihe Rd., Taipei 11162, Taiwan)

Abstract

Management strategies play an important role in enhancing the competitive advantage and sustainable development of national museums. The purpose of this study is to focus on evaluating the management strategies of national museums to reduce the gaps in visitor satisfaction that are caused by the interdependence and feedback problems of the so-called BOCR dimensions (namely, benefits, opportunity, costs, and risks) and 24 criteria. This study creates a hybrid competitive advantage multiple-criteria decision-making model for national museums by integrating the decision-making trial and evaluation laboratory-based analytic network process and modified VIKOR (VlšeKriterijumska Optimizacija I Kompromisno Resenje) techniques to solve the problems. We consider five different types of national museums to illustrate how the proposed new evaluation model enhances the competitive advantage of national museums. Our results provide national museum curators with the knowledge and understanding to create promotional and marketing strategies that reduce the gaps in dimensions and criteria to satisfy visitors’ needs and to enhance their competitive advantage.

Suggested Citation

  • Pei-Hsuan Tsai & Chin-Tsai Lin, 2018. "How Should National Museums Create Competitive Advantage Following Changes in the Global Economic Environment?," Sustainability, MDPI, Open Access Journal, vol. 10(10), pages 1-20, October.
  • Handle: RePEc:gam:jsusta:v:10:y:2018:i:10:p:3749-:d:176417
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Qun Zhao & Pei-Hsuan Tsai & Jin-Long Wang, 2019. "Improving Financial Service Innovation Strategies for Enhancing China’s Banking Industry Competitive Advantage during the Fintech Revolution: A Hybrid MCDM Model," Sustainability, MDPI, Open Access Journal, vol. 11(5), pages 1-29, March.
    2. Dalia Streimikiene & Asta Mikalauskiene & Ilona Kiausiene, 2019. "The Impact of Value Created by Culture on Approaching the Sustainable Development Goals: Case of the Baltic States," Sustainability, MDPI, Open Access Journal, vol. 11(22), pages 1-25, November.
    3. Izabela Luiza Pop & Anca Borza & Anuța Buiga & Diana Ighian & Rita Toader, 2019. "Achieving Cultural Sustainability in Museums: A Step Toward Sustainable Development," Sustainability, MDPI, Open Access Journal, vol. 11(4), pages 1-22, February.

    More about this item

    Keywords

    national museum; management and marketing strategy; competitive advantage; hybrid MCDM model; BOCR;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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