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Financial Management in Museums: Theory, Practice, and Context

Financial Management in Museums: Theory, Practice, and Context

Hardcover

Business GeneralInvesting & FinanceGeneral Art

ISBN10: 1032310936
ISBN13: 9781032310930
Publisher: Routledge
Published: Aug 20 2024
Pages: 358
Weight: 1.55
Height: 0.88 Width: 6.14 Depth: 9.21
Language: English

Financial Management in Museums considers sustainable and innovative solutions to current museum financial challenges by analyzing the many changes and pressures affecting the museum field.

Presenting diverse perspectives from a range of authors around the world, the book shares and compares different funding models and methods of museum financial management. Arguing that museums need to be more effective in obtaining and managing financial resources, the volume also demonstrates how innovative and sustainable financial management strategies and structures can allow museums to respond to societal pressures and issues in a more effective way. It also demonstrates that museums must allocate resources responsibly to fulfill their goals of justice, equity, inclusion, and accessibility. The theoretical and practical contributions within the volume cover a comprehensive range of topics, including foundational concepts, revenue, expenses, budgeting, financial leadership, strategic planning, mission-based investment strategies and alternative revenue strategies.

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