MuseumFranchisingFebruary 17, 2010 Barcelona ProgramMSc in Marketing Management 2009/2010 Research ProjectMasterThesisStudent	     Irene de Pedro LlorenteDirector/Advisor	     José María Álvarez de Lara Morel, CEIC Director
index1. ExecutiveSummary2. Goals of themasterthesis3. Methodology4. Mainlearnings5. Furthersteps
index1. ExecutiveSummary2. Goals of themasterthesis3. Methodology4. Mainlearnings5. Furthersteps
ExecutiveSummaryIt is worth doing a master thesis on museum franchising because…The trend is becoming increasingly relevant but lacks of specific (scientific) studiesAs a helpful strategy for museums to build successful and/or sustainable businesses, as well as strong brands in a moment especially crucial for the sectorIt contributes to museums with a guide & with reflectionsA guide of reference on museum franchising as a competitive advantage for museums: why, when & how, with recommendations & examplesA series of reflections on the urgency of the introduction of managerial theories & practices in museums as a key for innovation, competitiveness & performanceSelf-benefits of the conducted researchContribution to improve my knowledge of the museum sector, especially regarding the marketing & management disciplinesOpportunity to develop a “consultancy project”in the museum field, which is the professional path I would like to follow in my career
index1. ExecutiveSummary2. Goals of themasterthesis3. Methodology4. Mainlearnings5. Furthersteps
The 3 biggoals of themasterthesisUnderstand the reasoning behind the museum franchising trendUnderstand the process and define a model for museum franchising3.     Analyze the suitability of the strategy in the Spanish museum sectorAnalyze and define why, when and howisitrecommendabletoinitiate a museumfranchisingstrategy
index1. ExecutiveSummary2. Goals of themasterthesis3. Methodology4. Mainlearnings5. Furthersteps
MethodologyInputResearch & AnalysisOutputLiteratureReview3 Case Studies1 Model (Theoretical Framework)ResearchtopicselectionBestPractices
MethodologyInputResearch & AnalysisOutputLiteratureReview3 Case Studies1 Model (Theoretical Framework)ResearchtopicselectionBestPractices
Methodology: InputResearchquestions?Ismuseumfranchisingworth, bothfrom a business and a cultural perspective??Mightitbecome a keycompetitiveadvantage in thelong-term? ?  Mightitbe a suitablemodel in theSpanishmuseumnetwork?MainhypotheisisFranchisingmightbecome a keycompetitiveadvantageformuseums in thelong-termMightbe a suitablemodel in theSpanishmuseumnetworkSecondaryhypothesisWorth from a businessperspective: + branding+ economic performance Worth from a cultural perspective: + social impact+ exploitation of museumassetsResearchTopicSelection> LiteratureReviewResearch + 3 Case StudiesAnalysis = A theoretical Framework + BestPractices
MethodologyInputResearch & AnalysisOutputLiteratureReview3 Case Studies1 Model (Theoretical Framework)ResearchtopicselectionBestPractices
Methodology. Research & Analysis: LiteratureReviewPerspective of thestudyform 3 academic disciplines…ManagementMarketingArts ManagementResearchTopicSelection > LiteratureReviewResearch+ 3 Case StudiesAnalysis = A theoretical Framework + BestPractices
Methodology. Research & Analysis: LiteratureReview…that are present in themainbibliographyMainreferences are:Sandell, R. & Janes, R. R. (2007) Museum Management and Marketing
Harvard Business Review& Harvard Marketing, Harvard Business School
Kotler, N. G., Kotler, P. & Kotler, W. I. (2008) Museum Marketing and Strategy
International Journal of ArtsManagemet, HEC MontrealMore than 70 bibliographicregerences in theform of:Articles
Corporatepapers
Reports
studies
Statistics
Etc.ResearchTopicSelection > LiteratureReviewResearch+ 3 Case StudiesAnalysis = A theoretical Framework + BestPractices
Methodology. Research & Analysis: LiteratureReviewStructured in 5 groups of knowledgetowardsoneobjectiveResearchTopicSelection > LiteratureReviewResearch+ 3 Case StudiesAnalysis = A theoretical Framework + BestPractices
Methodology. Research & Analysis: LiteratureReviewMain ideas fromtheliteratuereviewResearchTopicSelection > LiteratureReviewResearch+ 3 Case StudiesAnalysis = A theoretical Framework + BestPractices
MethodologyInputResearch & AnalysisOutputLiteratureReview3 Case Studies1 Model (Theoretical Framework)ResearchtopicselectionBestPractices
Methodology. Research & Analysis: 3 Cases Studies3 case studiesGuggenheimLouvreCaixaForum+7 projectsSince 2002SPAIN+10 projectsSince 1990s (1976)INTERNATIONAL+2 projectsSince 2003INTERNATIONALResearchTopicSelection > LiteratureReviewResearch + 3 Case StudiesAnalysis= A theoretical Framework + BestPractices
Methodology. Research & Analysis: 3 Cases StudiesThe Guggenheim as a referentGuggenheimLouvreCaixaForum+7 projectsSince 2002SPAIN+10 projectsSince 1990s (1976)INTERNATIONAL+2 projectsSince 2003INTERNATIONALResearchTopicSelection > LiteratureReviewResearch + 3 Case StudiesAnalysis= A theoretical Framework + BestPractices
Methodology. Research & Analysis: 3 Cases StudiesThe Guggenheim Bilbao Museum: a referentThe Bilbao EffectCulture   +   Bottom-line business techniques   +   Political supportOPPORTUNITYPROCESSRESULTSBasquegovernment:Position he Basqueregioninternationally
Urbanrenewalproject
Hugeinvestment
3 monthsnegotiation
Frank Ghery
6 yearsfromnegotiationtoopening1 yearafteropening:+1M visitors
73% operatingcostscovered
Reverseddecliningeconomicactivity
Basqueregion as a popular touristdestinationSRGF:Addexhibitionspace
AddfinancingsourcesResearchTopicSelection > LiteratureReviewResearch + 3 Case StudiesAnalysis= A theoretical Framework + BestPractices
Methodology. Research & Analysis: 3 Cases StudiesThe Guggenheim Bilbao Museum: thedealNEGTIATIONS: October-December 1991BASQUE GOVERNMENTS.R.G.F.FINANCING $326M100% construction & operationalcosts ($256M)
Donationtodevelop a Basquecollection ($50M)
Franchisefee: 2 tax-free donations ($10M each)OPERATIONS & MANAGEMENTBUILDING & FACILITIES SET-UP DIRECTIONOPENING: October 1997STAFFPROFITS: tickets & gift shop BRANDPART OF COLLECTIONTEMPORARY & ITINERANT EXHIBITIONS“ADVISORY CAPACITY ONLY”ResearchTopicSelection > LiteratureReviewResearch + 3 Case StudiesAnalysis= A theoretical Framework + BestPractices
MethodologyInputResearch & AnalysisOutputLiteratureReview3 Case Studies1 Model (Theoretical Framework)ResearchtopicselectionBestPractices
Methodology. Output: A Theoretical Framework of MuseumFranchisingLiteratureReviewCase StudiesTriangular Analysis1 modelforMusemFranchisingHOW?WHY?WHEN?ResearchTopicSelection > LiteratureReviewResearch + 3 Case StudiesAnalysis = A theoretical Framework + BestPractices

Museum Franchising

  • 1.
    MuseumFranchisingFebruary 17, 2010Barcelona ProgramMSc in Marketing Management 2009/2010 Research ProjectMasterThesisStudent Irene de Pedro LlorenteDirector/Advisor José María Álvarez de Lara Morel, CEIC Director
  • 2.
    index1. ExecutiveSummary2. Goalsof themasterthesis3. Methodology4. Mainlearnings5. Furthersteps
  • 3.
    index1. ExecutiveSummary2. Goalsof themasterthesis3. Methodology4. Mainlearnings5. Furthersteps
  • 4.
    ExecutiveSummaryIt is worthdoing a master thesis on museum franchising because…The trend is becoming increasingly relevant but lacks of specific (scientific) studiesAs a helpful strategy for museums to build successful and/or sustainable businesses, as well as strong brands in a moment especially crucial for the sectorIt contributes to museums with a guide & with reflectionsA guide of reference on museum franchising as a competitive advantage for museums: why, when & how, with recommendations & examplesA series of reflections on the urgency of the introduction of managerial theories & practices in museums as a key for innovation, competitiveness & performanceSelf-benefits of the conducted researchContribution to improve my knowledge of the museum sector, especially regarding the marketing & management disciplinesOpportunity to develop a “consultancy project”in the museum field, which is the professional path I would like to follow in my career
  • 5.
    index1. ExecutiveSummary2. Goalsof themasterthesis3. Methodology4. Mainlearnings5. Furthersteps
  • 6.
    The 3 biggoalsof themasterthesisUnderstand the reasoning behind the museum franchising trendUnderstand the process and define a model for museum franchising3. Analyze the suitability of the strategy in the Spanish museum sectorAnalyze and define why, when and howisitrecommendabletoinitiate a museumfranchisingstrategy
  • 7.
    index1. ExecutiveSummary2. Goalsof themasterthesis3. Methodology4. Mainlearnings5. Furthersteps
  • 8.
    MethodologyInputResearch & AnalysisOutputLiteratureReview3Case Studies1 Model (Theoretical Framework)ResearchtopicselectionBestPractices
  • 9.
    MethodologyInputResearch & AnalysisOutputLiteratureReview3Case Studies1 Model (Theoretical Framework)ResearchtopicselectionBestPractices
  • 10.
    Methodology: InputResearchquestions?Ismuseumfranchisingworth, bothfroma business and a cultural perspective??Mightitbecome a keycompetitiveadvantage in thelong-term? ? Mightitbe a suitablemodel in theSpanishmuseumnetwork?MainhypotheisisFranchisingmightbecome a keycompetitiveadvantageformuseums in thelong-termMightbe a suitablemodel in theSpanishmuseumnetworkSecondaryhypothesisWorth from a businessperspective: + branding+ economic performance Worth from a cultural perspective: + social impact+ exploitation of museumassetsResearchTopicSelection> LiteratureReviewResearch + 3 Case StudiesAnalysis = A theoretical Framework + BestPractices
  • 11.
    MethodologyInputResearch & AnalysisOutputLiteratureReview3Case Studies1 Model (Theoretical Framework)ResearchtopicselectionBestPractices
  • 12.
    Methodology. Research &Analysis: LiteratureReviewPerspective of thestudyform 3 academic disciplines…ManagementMarketingArts ManagementResearchTopicSelection > LiteratureReviewResearch+ 3 Case StudiesAnalysis = A theoretical Framework + BestPractices
  • 13.
    Methodology. Research &Analysis: LiteratureReview…that are present in themainbibliographyMainreferences are:Sandell, R. & Janes, R. R. (2007) Museum Management and Marketing
  • 14.
    Harvard Business Review&Harvard Marketing, Harvard Business School
  • 15.
    Kotler, N. G.,Kotler, P. & Kotler, W. I. (2008) Museum Marketing and Strategy
  • 16.
    International Journal ofArtsManagemet, HEC MontrealMore than 70 bibliographicregerences in theform of:Articles
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
    Etc.ResearchTopicSelection > LiteratureReviewResearch+3 Case StudiesAnalysis = A theoretical Framework + BestPractices
  • 22.
    Methodology. Research &Analysis: LiteratureReviewStructured in 5 groups of knowledgetowardsoneobjectiveResearchTopicSelection > LiteratureReviewResearch+ 3 Case StudiesAnalysis = A theoretical Framework + BestPractices
  • 23.
    Methodology. Research &Analysis: LiteratureReviewMain ideas fromtheliteratuereviewResearchTopicSelection > LiteratureReviewResearch+ 3 Case StudiesAnalysis = A theoretical Framework + BestPractices
  • 24.
    MethodologyInputResearch & AnalysisOutputLiteratureReview3Case Studies1 Model (Theoretical Framework)ResearchtopicselectionBestPractices
  • 25.
    Methodology. Research &Analysis: 3 Cases Studies3 case studiesGuggenheimLouvreCaixaForum+7 projectsSince 2002SPAIN+10 projectsSince 1990s (1976)INTERNATIONAL+2 projectsSince 2003INTERNATIONALResearchTopicSelection > LiteratureReviewResearch + 3 Case StudiesAnalysis= A theoretical Framework + BestPractices
  • 26.
    Methodology. Research &Analysis: 3 Cases StudiesThe Guggenheim as a referentGuggenheimLouvreCaixaForum+7 projectsSince 2002SPAIN+10 projectsSince 1990s (1976)INTERNATIONAL+2 projectsSince 2003INTERNATIONALResearchTopicSelection > LiteratureReviewResearch + 3 Case StudiesAnalysis= A theoretical Framework + BestPractices
  • 27.
    Methodology. Research &Analysis: 3 Cases StudiesThe Guggenheim Bilbao Museum: a referentThe Bilbao EffectCulture + Bottom-line business techniques + Political supportOPPORTUNITYPROCESSRESULTSBasquegovernment:Position he Basqueregioninternationally
  • 28.
  • 29.
  • 30.
  • 31.
  • 32.
  • 33.
  • 34.
  • 35.
    Basqueregion as apopular touristdestinationSRGF:Addexhibitionspace
  • 36.
    AddfinancingsourcesResearchTopicSelection > LiteratureReviewResearch+ 3 Case StudiesAnalysis= A theoretical Framework + BestPractices
  • 37.
    Methodology. Research &Analysis: 3 Cases StudiesThe Guggenheim Bilbao Museum: thedealNEGTIATIONS: October-December 1991BASQUE GOVERNMENTS.R.G.F.FINANCING $326M100% construction & operationalcosts ($256M)
  • 38.
  • 39.
    Franchisefee: 2 tax-freedonations ($10M each)OPERATIONS & MANAGEMENTBUILDING & FACILITIES SET-UP DIRECTIONOPENING: October 1997STAFFPROFITS: tickets & gift shop BRANDPART OF COLLECTIONTEMPORARY & ITINERANT EXHIBITIONS“ADVISORY CAPACITY ONLY”ResearchTopicSelection > LiteratureReviewResearch + 3 Case StudiesAnalysis= A theoretical Framework + BestPractices
  • 40.
    MethodologyInputResearch & AnalysisOutputLiteratureReview3Case Studies1 Model (Theoretical Framework)ResearchtopicselectionBestPractices
  • 41.
    Methodology. Output: ATheoretical Framework of MuseumFranchisingLiteratureReviewCase StudiesTriangular Analysis1 modelforMusemFranchisingHOW?WHY?WHEN?ResearchTopicSelection > LiteratureReviewResearch + 3 Case StudiesAnalysis = A theoretical Framework + BestPractices