The value of knowledge management in cultural entrepreneurship

Abstract

Abstract Although the concept seems to be self-explanatory and increasingly more people with various artistic talents or a special interest in arts & culture endeavor themselves in various business-like activities, while culture is praised increasingly more as a key towards sustainable development of the contemporary society, cultural entrepreneurship is not a familiar presence in the academic inquiries. The main associations considered when talking about cultural entrepreneurship are the ones with talent, creativity, cultural innovation. Another aspect analyzed by the literature is the relationship to financial education and skills. The relevance of all these elements is obvious. Maybe less straightforward is the need for knowledge management in the field of cultural entrepreneurship since talent and culture are in many contexts considered apart from knowledge. Nevertheless, knowledge management should be a sine-qua-non component of the business strategy of a cultural entrepreneur considering the competitive advantages it could generate. To unveil the known relationships between knowledge management and cultural entrepreneurship, the present research develops a narrative literature review. The results point out the limited understanding of cultural entrepreneurship, including the role knowledge management might play in cultural enterprises.