Influence of Innovation in Arts on Value Creation in Cultural Organizations

Cultural Organizations and Museums tend to operate with a non-profit approach when delivering artistic value to the public. Although profit maximization is not the aim, it is critical to have funding and enough capital to keep operations steady and ongoing. As an important aspect of today’s economic environment across different sectors, innovation has a strong impact also on arts and culture sectors. Not limited to organizational innovations only, but at the core of the artistical industries, innovations have strong influence on the success of arts and culture organizations such as museums. Any innovation that takes place at any different level of the sector, is affected by the availability of resources that will enable innovating. The aim of this study is to analyze how techniques and developments which are considered innovative affect the creation of value at various levels, from the level of the creation and delivery of arts to the consumption stage.