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Printable Handouts
Navigable Slide Index
- Introduction
- Outline
- The creative industries
- Understanding strategic & managerial challenges
- Economic, political & cultural reasons
- Unique managerial challenges and features
- Some lessons with broader applicability
- Distinctive features of creative industries
- Key properties of the creative industries
- Nobody knows
- Art for art’s sake
- Motley crew
- Infinite variety and A list, B list
- Time flies
- Winner takes all
- Strategies for managers in the creative industries
- Resource allocation strategies
- “Limited” release strategy
- Why firms might want to opt for "limited" release
- “Wide” or “mainstream” release strategy
- Why firms might want to opt for "wide" release
- Product portfolio strategies
- Blockbuster strategy
- Risks of blockbuster strategy
- Rationale for blockbuster strategy (1)
- Rationale for blockbuster strategy (2)
- Talent management strategies
- The upsides of hiring stars
- The downsides of hiring stars
- The prevalence of star oriented strategies
- An illustration - the "Galacticos" effect
- From heaven to hell
- Multiple bottom lines
- Mistake of hiring too many ‘Galacticos’
- Need to strike a balance
- Acquiring versus nurturing stars
- Star acquisition strategy
- Star development strategy
- Summary (1)
- Summary (2)
- References (1)
- References (2)
This material is restricted to subscribers.
Topics Covered
- Creative industries
- Managing talent
- Strategic management
- Managing product portfolio
- Blockbusters
- Strategies for the creative industries
- Economic properties of creative industries
- Recruiting stars
Talk Citation
Ferriani, S. (2013, May 30). Creative industries strategy [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved December 21, 2024, from https://doi.org/10.69645/VTYE4578.Export Citation (RIS)