I came across Aditya Mukherjee’s new book entitled Boomtown and as Murali D explains in the interview with the author, this is “…a story of food, friendship, romance, and the adventure of entrepreneurship, with four friends coming together for starting a restaurant chain”.
The interesting part about this interview is when the journalist ask the author “what is cultural entrepreneurship?”. I quote this answer from the article below:
[…] “The term cultural entrepreneurship applies to the creation of any product or service that primarily targets our tastes, and that is an expression of our tastes, whether it’s our taste in fashion, movies, music, stories, games, cuisine, or opinions. A newspaper is part of media; but I’d say a magazine like People or Vanity Fair would be part of the cultural industry.
What we have to understand is that culture, more than almost any other industry, is almost always in the private domain; only in very unfortunate countries is culture significantly done by the public sector. So, culture is produced by private individuals who spend effort creating it, marketing it, and try to make a living by selling it. These industries are well set, though most run on low margins and the companies involved are primarily small, and universally cash-strapped. So, culture is a hotbed of entrepreneurship.” […]
Read the full article here to see how the author explains how is Cultural Entrepreneurship spreading in India.
A presentation by Alice Loy, PhD, Co-founder and Director of Programs at the Global Center for Cultural Entrepreneurship.
<div style=”margin-bottom:5px”> <strong> <a href=”https://www.slideshare.net/aliceloy/why-we-invest-in-cultural-entrepreneurs” title=”Why we invest in cultural entrepreneurs” target=”_blank”>Why we invest in cultural entrepreneurs</a> </strong> from <strong><a href=”http://www.slideshare.net/aliceloy” target=”_blank”>Global Center for Cultural Entrepreneurship</a></strong> </div>
In the Journal of Cultural Economics (1996, Volume 20, Issue 4, pp 321-339), there is an interesting paper by Keith Acheson, Christopher J. Maule and Elizabet Filleul entitled “Cultural entrepreneurship and the Banff Television Festival”.
“Cultural entrepreneurship involves a conception, an initial launch, and a transition to an established event. Each stage generates “wicked” coordination and financial challenges. We explore this important process by examining the history of the Banff Television Festival, an annual event featuring a competition, workshops, and providing a forum for developing projects. The documentation indicates that the anticipated problems of nonprofit activities — inefficient administration, crude management systems, slow adaptation and little innovation — were not characteristic of the Banff experience. Well informed industry “customers” and patrons have established an environment which generally encouraged managerial competence and creativity. This benign result may not generalize to other cultural initiatives, in particular to those that serve the public directly and draw patronage from diverse sources.”
The paper was presented at the 9th international conference of the Association for Cultural Economics, held in Boston, May 8–11, 1996.
To get a copy, click here.