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Introduction to Cultural Entrepreneurship: Cultural Entrepreneurship in Developing Countries

Author

Listed:
  • Mohamad Taghi Toghraee

    (Faculty of Research Excellence in Art and Entrepreneurship, Art University of Isfahan, Isfahan, Iran)

  • Mahsa Monjezi

    (Department of Management, Abadan Branch, Islamic Azad University, Abadan, Iran)

Abstract
Up to now, no evaluation has been made about crucially main impacts of entrepreneurship and entrepreneurial approaches to the support of creative and cultural economy in developing countries. Great potentials of cultural industries are not still utilized, and no attention is made to them regarding economic profitability. The most crucial determinants of inappropriately competitive conditions concerning innovation in developing countries, which require global help, are education issues, poverty, and lack of related institutions. Moreover, a continuum of cultural productions is delicate. There are weak steps and stages for promotion, branding, distribution, and ownership support of cultural productions due to not only lack of integration but also a lack of artists' knowledge about these processes. This study examines the role of cultural entrepreneurship in the sustainability of artists and creative organizations. The following questions are addressed accordingly: To what extent can cultural entrepreneurship capacities act as a determinant for the development of artists and artistic areas of activities; Is this phenomenon definable and learnable; How can cultural and artistic values be understood by entrepreneurial capacities in a cultural context. Entrepreneurship of cultural and creative industries combines two independent trends: Art as a content-based and immaterial value and entrepreneurship as a supporter of immaterial values. By this basis in mind and the social responsibility of entrepreneurs, cultural entrepreneurship can run a cultural and creative organization, carry out a strategically cultural mission, face risks to the creation of balance between managerial values and innovation and make a contribution to critical infrastructure.

Suggested Citation

  • Mohamad Taghi Toghraee & Mahsa Monjezi, 2017. "Introduction to Cultural Entrepreneurship: Cultural Entrepreneurship in Developing Countries," International Review of Management and Marketing, Econjournals, vol. 7(4), pages 67-73.
    • Handle: RePEc:eco:journ3:2017-04-10
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Zbuchea Alexandra, 2020. "The value of knowledge management in cultural entrepreneurship," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 14(1), pages 636-645, July.

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    More about this item

    Keywords

    Creative economy; cultural values; creative industries; cultural industries; cultural entrepreneurship.;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

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