In essence, a business model is greater than the financial transactions of an organisation recorded and presented in its financial statements. A business model provides a clear description of the rationale of how an organisation crates, captures and delivers value. In conducting business, sound business models are a necessary component in the visual arts ecology and most publicly funded organisations. However, there has been a widespread belief that numerous business models in the context of visual arts are relatively weak and have a high possibility of facing reduced funding with time. This beliefs have been backed by available research suggesting the same. Most organisations in the visual arts sector are characterised by undercapitalisation and holding reserves that are too little to support investment and growth and to cushion the organisation during times of crisis (Oakes & Oakes 2012, p.59). In most visual arts organisations, assets are never fully exploited and increased level of activity often translates into increase costs while visitors remain a relatively unexploited source of income. Within the visual arts ecology, there is minimal understanding of what a sound business model is and what it does for an organisation. This indicates the generally lower levels of business skills and understanding within the sector. Despite this, there is, however, a shared ground as to what a good business model should be like. The challenge arises in translating the shared opinion into tangible action. From a total business perspective, the culture depicted in visual art of individualism and a somewhat traditional leaning towards the values of the economic world. This may be problematic as it is difficult to be exemplary in something that you do not have high regard of or have full comprehension of. Business models relating to the visual arts sector and publicly funded organisations are somewhat technical and attention has to be paid to the detail in order to stipulate a viable and sustainable plan for the long run (Townley& Cooper, 1998, p.66). For example key aspects such as free entry into the visual arts organisations can be a blessing but will pose technical business challenges. This is explained by the fact, revenue is not generated directly from customers, let alone the contribution to overheads or surpluses. As a result, increased level of activity would lead to a disproportionate increase in costs compared to the revenues generated. In light of this, the business models drawn up for the visual arts ecology should focus on secondary revenue generating activities in order to supplement their lack of a direct source of revenue and enhance their operational sustainability. In formulating business models in the publicly funded visual arts sector, the key question still remains “what is a sustainable business model in the visual arts sector?” When creating a good business plan for the not-for-profit sector, key factors need to be put into consideration including the mission, the fiduciary perspective, the customer perspective, internal perspective and the growth and learning potential. In
Name Number Course Date Business Models in Visual Arts Ecology and Public Funded Organisations The ‘best business model’ for any organisation, community, or a social enterprise is dependent on a number factors. It will depend on factors such as the nature of the organisation and its activities, the nature of the assets held by an organisation, the stage of organisation lifecycles and the context in which it lies…
The ability of human beings to use complex modes of communication is what differentiates them from other animals. The ability to combine sounds to make up significant meaning by human beings is one of the major developments in spoken language made by man.
Concisely, business model shall address two variables; financial viability and stakeholders’ credibility. There has been increasing debate on this aspect of the business model. In this essay an attempt has been made to explain this aspect of the business model with the help of different examples.
where many federal agencies and offices are located. Its population is only about 147,000 which translate to a population density of approximately 9,400 people per square mile. Its total area is 15.4 square miles (15.2 sq. miles of land and 0.2 sq. miles of water); Alexandria is a very historic place because of the key role it played during the American Civil War.
The simplest structural form of proteins is an amino acid. Proteins are very important as they engage in cell repair and formation of new cells. Proteins are also very important during pregnancy, childhood as well as adolescence.
As such, there is always an increasingly need for businesses to develop more unique and specific models that can act as alternatives to sustain the growth prospects of organizations, especially those in the visual arts sector. The main aim for developing this report is to argue out the arguments in favour and those against the thesis statement of “sound business models being essential components in a healthy visual arts ecology”, as having been predicated on the same and the realization in most funded government organizations.
There is man who certainly knows the answer: Colin Beavan. Beavan, his wife Michelle, and their two-year old daughter Isabella have gone through an experiment to find out if they could survive to live a life that does not cause any injury to the environment.
This has led to increasing pressure on the ecology and the planet in general. The atmosphere, oceans, watersheds, the forests and almost all the natural resources are under pressure which is a clear indication of rapid ecological decline in the world. With the obvious realism of coming global ecological crisis, there have been many efforts that have been made for moral revolution which would look into probability of incorporating ecological values in the world especially in the global business culture.
According to the paper it is at once very important to identify a place and its ecological environment and the quotient of delicateness of such an environment before assessing the impact of human activities as Norberg-Schulz notes, with appropriate literature support, that place is “a totality made up of concrete things having material substance, shape.
all address the clear customer identification; valued factors by business’ customer and ways to manage to meet customer value demand in cost efficient or profitable way. Concisely, business model shall address two variables; financial viability and stakeholders’ credibility.
3 pages (750 words)Essay
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