Subject

Creation of Cultural Entities

  • code 07421
  • course 1
  • term Term 2
  • type OB
  • credits 3

Main language of instruction: Spanish

Other languages of instruction: English

If the student is enrolled for the English track then classes for that subject will be taught in the same language.

Teaching staff

Head instructor

Dr. Jordi AULADELL - jauladell@uic.es
Lc. Alfonso GIRONZA - agironza@uic.es

Office hours

by appointment

Introduction

The Creation of Cultural Entities course focuses on the main topics involved in creating successful cultural businesses. This course seeks to provide the founding principles and knowledge to entrepreneurs and managers of cultural entities. Students are encouraged to learn how to use well-researched theories about strategy, innovation and business management to understand why things happen the way they do in organisation management, and to understand what management tools and methods can be effective under different circumstances.

The methodology of the course is very student-oriented and practical: in class we will learn the most important concepts and theoretical frameworks to start practicing them with a ‘learning by doing’ approach. Students will have to work on their Business Plan early on, and all the course and classes are intended to support students throughout the development of their Business Plan.

In short, the course seeks to identify critical success factors in creating and managing cultural entities and gives the student the opportunity to exercise related skills with an active and practical methodology.


Pre-course requirements

Students are expected to be familiar with and to use basic economics and finance concepts, and to apply knowledge acquired in other courses such as cultural marketing, communication, and funding for culture. 

Objectives

 The educational goals for this course are threefold:

  • Firstly, to become accustomed to the entrepreneurial process of generating ideas and how to commercialise cultural projects;
  • secondly, to understand what is required to build a successful cultural business;
  • thirdly, to appreciate some of the basics in private organisations and the economic environment in which these entities operate.

Competences / Learning outcomes of the degree programme

Basic competences:

  • To have and understand knowledge which provides a grounding or opportunity to be original in terms of the development and/or application of ideas often in a research based context.

 Cross-disciplinary competences:

  • To design, direct, produce and evaluate projects, programmess, strategies, policies or cultural actions which involve a wide variety  of different professional profiles, agents  and institutions.

General competences:

  • To analyze and interpret social and cultural environments in order to identify needs, opportunities, weaknesses, strengths.
  • To search for and/or  administr economic resources within the framework of an institution, a company, or in a programme, project or cultural service.
  • To act responsibly and produce good quality rigorous and efficient work that is placed at the service of society.

Specific Competences:

  • To design and carry out an efficient and viable business plan within the creative sector

 

Learning outcomes of the subject

The student:

  • Has and understands knowledge which provides a grounding or opportunity to be original in terms of the development and/or application of ideas often in a research based context.
  • Designs, directs, produces and evaluates projects, programmess, strategies, policies or cultural actions which involve a wide variety  of different professional profiles, agents  and institutions.
  • Analyzes and interprets social and cultural environments in order to identify needs, opportunities, weaknesses, strengths.
  • Searchs for and/or  administr economic resources within the framework of an institution, a company, or in a programme, project or cultural service.
  • Acts responsibly and produce good quality rigorous and efficient work that is placed at the service of society. 
  • Designs and carries out an efficient and viable business plan within the creative sector

Syllabus

 

CLASS SCHEDULE

SESSION

TOPIC

CONTENTS & AGENDA

MATERIAL AND READINGS

TO DO LIST

IMPORTANT NOTES

1

Introduction to the Course.                   
Entrepreneurial Profile

Presentation: Introduction.      

Lecture 1: Entrepreneurial Profile
Setting the rules and expectations     
What is innovation and entrepreneurship?
Why is innovation, entrepreneurship and leadership important to launch a new company?
Specific and common needs of cultural companies vs. others

Exercise: Debate about entrepreneurial profiles.
Test of entrepreneur profile of students
Formation of groups (if necessary)

                       

Slides: Presentation of the course, introduction and basic concepts about entrepreneurship, and entrepreneurial profiles

Video: Meet the 16-Year-Old CEO of Mobile App Flogg

Before-class to do: Review PowerPoint slides

After-class to do: Define and develop your business idea(s) for next class, study slides and notes

Suggested readings (optional):  The 8 essentials of innovation,
Cultures of management
Scheff, J., Kotler, P. "Crisis in the Arts: the marketing response", California Management Review, 39(1), Fall 1996

Due next class: Bring your  business idea (or ideas) clearly defined

2

Exploration of Ideas & Business Model Design

Lecture 2:  Exploration of Ideas
Lean Start-up
Design Thinking
Model Design
Storytelling
Cultural Enterprises and Types
Five W's...


Exercise:  Debate on IDEO's video about Design Thinking

Slides: Exploration of Ideas & Business Model Design

Video: ABC Nightline - IDEO Shopping Cart

Articles: Interview to IDEO's CEO
Design Thinking
Most innovative companies ranking
Coutu, D. "Creativity step by step: A conversation with choreographer Twyla Tharp". Harvard Business Review, April 2008
Osterwalder's ideas about business model innovation

Before-class to do:  Review PowerPoint slides

After-class to do: Study slides and notes. Work on your  Business Model Canvas

Due: Bring your business idea(s) clearly defined and developed

3

From the idea to the opportunity

Lecture 3: Business Model Design
Business Model
Business Model Canvas


Exercise:  Business Model Canvas 

Slides: - Business Model Design

Video: The Business Model Canvas - 9 Steps to Creating a Successful Business Model - Start-up Tips
A New Approach to Designing Business Models - Alex Osterwalder
IDEO: Building Creative Confidence
Pixar: The Story Behind the Studio

Articles: HBS background note: Note on business model analysis for the entrepreneur

Before-class to do: Review PowerPoint slides
To do at class: Exercises + Work on your Business Model Canvas

After-class to do: Work on the Canvas (due next class) Study slides and notes
Relevant book chapters: Business model: chapters 1-5

Due next class: Your  Business Model Canvas

4

Lecture 4: Presentation of Business Model Canvas

Exercise: Presentation of Canvas business models of each team of students (10' minutes each), then feedback will be given from the rest of the class

Slides: Presentation of Business Model Canvas

Articles: Kim, W.C. And Mauborgne, R. "Blue Ocean strategy". Harvard Business Review, October, 2004
Pixar's innovation

Before-class to do:  Finish your Business Model Canvas + Review PowerPoint slides

After-class to do: Adjust your Canvas with the feedback

Due: Presentation of the  Business Model Canvas of each group

5

Validation of opportunities/business

Lecture 5: Hypothesis Definition and Validation

Exercise: Generation of hypothesis of your business idea: product, customer, market, distribution & pricing, demand

Exploration and validation of main hypothesis (customer, market...)

Slides:  Hypothesis Definition and Validation

Video: Validation - Be Sure Your Start-up Vision Isn’t a Hallucination, by Steve Blank
Bill Gross: The single biggest reason why start-ups succeed | TED Talk
Steve Blank's Customer Discovery Checklist
Drew Houston, CEO and Founder of Dropbox

Articles: Hypothesis-driven entrepreneurship: the lean start up, HBS
Customer discovery and Validation for Entrepreneurs, HBS

Before-class to do: Review PowerPoint slides

After-class to do: Study slides and notes, investigate the market to validate your business model

Presentation of Validated  Hypothesis (all groups will present their validated hypothesis  and the rest will evaluate based on their consistency)

6

7

The Business Plan

Lecture 6: Starting the Business Plan: Strategy

The need for Strategic Management + Understanding the value chain and the role of stakeholders.
Frameworks: M. Porter's 5 Forces Model, the SWOT and the PESTLE analysis...

Exercise: Develop your strategy tools

Slides: Starting the Business Plan: Strategy

Articles: Porter, M.E. "What is Strategy?", Harvard Business Review, April 2008.
Porter M.E. "The five competitive forces that shape strategy",  Harvard Business Review, January 2008.
HBS background note: Some thoughts on business plans

Before-class to do: Review PowerPoint slides

After-class to do: Work on your Business Plan + Study slides and notes

EXAM I

Deliver Canvas

8

 

Lecture 7: Market and Competitors
Definition and expected evolution of the target market
The competition and the competitors
Importance of having a competitive advantage...

Exercise: Competitor's Analysis

Slides: Market and Competitors

Before-class to do: Review PowerPoint slides

After-class to do: Work on your Business Plan + Study slides and notes + Prepare for  Exam II

 

9

The Business Plan

Lecture 8: Sales and Marketing Plan
Segmentation
The Five Cs
The Five Ps of Marketing
How to get the first clients
Advertising and Sales promotion
How to set up an optimum Selling Price...

Exercise: Marketing Plan (creation and validation of hypothesis for segmentation, the 5Ps, etc.)

Slides: Sales and Marketing Plan

Video: The Five Competitive Forces That Shape Strategy
Harvard i-lab | Start-up Secrets: Go to Market Part I - Strategy

Before-class to do: Review PowerPoint slides

After-class to do: Work on your Business Plan + Study slides and notes + Prepare for  Exam II

 

10

The Business Plan

Lecture 9: Operations Plan
The Operations Plan: Definition and elements
Business processes
Approaches to Start the Operations Plan
Supply chain Optimization
Outsourcing...

Exercise: Operations Plan

Slides:  Operations Plan

Before-class to do: Review PowerPoint slides

After-class to do: Work on your Business Plan + Study slides and notes + Prepare for  Exam II

 

 

Lecture 10: Human Resources Plan, Skills
Profiles required
Team building
Recruitment and selection
Salary and social benefits
Training and  career development
The Global Performance Management Cycle
Cross cultural management
Leadership and people skills
Exercise: define skills and profiles required for your firm + team building

Slides:  Human Resources Plan

Articles: Perils in pay for performance
When salaries aren’t secret, Harvard Business Review, May 2001

Before-class to do: Review PowerPoint slides

After-class to do: Work on your Business Plan + Study slides and notes + Prepare for Exam II

Due Next Class: EXAM II

11

 

Lecture 11:  Financial Plan
Key indicators
Investments
Balance sheet
Cash flow and P&L
Provisional treasury
Break-even point
Ratios, profitability and performance...

Exercise: The Financial Plan, practicing  the main financial concepts

Slides: Financial Plan

Before-class to do: Review PowerPoint slides

After-class to do: Work on your Business Plan + Study slides and notes

EXAM II

12

 

 

13

 

Lecture 12: Management of the Newco
Organization
Balance scorecard
Objectives and indicators
Continuous improvement...                                                                                                                                                 Exercise: practical case                                                

Slides: Management of the NewCo

Before-class to do: Review PowerPoint slides

After-class to do: Work on your Business Plan + Study slides and notes

 

14

 

Lecture 13: Implementation Plan
The Gantt Chart
PERT
GERT...

Exercise: Elaborate an Implementation Plan

Slides: Implementation plan

Before-class to do: Review PowerPoint slides

After-class to do: Work on your Business Plan + Study slides and notes

 

The Business Plan

Lecture 14: Risk Management
Evaluate the potential risks
Elaboration of a contingency plan... 

Exercise: Understand risks and look for typology and list risks of your business plan, evaluate them and elaborate a contingency plan

Slides:  Risks Management

Before-class to do: Review PowerPoint slides

After-class to do: Work on your Business Plan + Study slides and notes

Due next class: Elevator Pitch Group Presentation

15

How to present a Business Plan

Lecture 15:  How to Present my Business?
Key factors for a successful presentation

Exercise: Presentation of Elevator Pitch of each group

Slides: Key Factors for a Successful Presentation (Technical Note)

Before-class to do: Review PowerPoint slides

After-class to do: Work on your Business Plan + Study slides and notes + Include your feedback into the business plan

Elevator Pitch Group Presentation: the class students will evaluate

16

17

Conclusions

Lecture 16: Conclusions
Final thoughts and doubts
Review of Business Plans
Presentation rehearsal and feedback

Your Business Plan

Before-class to do: think about the doubts of your Business Plan

 

Teaching and learning activities

In person

In this class, we will take an active learning approach. This approach requires students to prepare for the class. In other words, you should do the assigned readings and/or answering the preparation questions for the study cases ,  think about the issues discussed in the assigned readings, and be prepared to contribute to the class discussion. As instructor, my primary role is to facilitate the learning process. While you will have formal lectures, the main learning will be achieved through case and article preparations, class discussions, and work on assignments.  

The course is composed of a mixture of theory classes, case studies and article analyses and discussions, and a group project work. The class is offered in English thus all class material will be available in English only. Students will be provided with the cases, readings, exercises and lectures.

Theory classes:

The objective of theory classes is to understand main theoretical concepts related to creation of cultural entities and consider all relevant elements in developing and implementing effective business plan. 

Group project work:

During the course you will have to work on a business plan for a new cultural entity. Working on these assignments should:

  • Allow you to practice the concepts covered in class in order to help you learn and understand them better and prepare for the final exam at the same time
  • Motivate you to learn more about specific industries and sectors
  • Sharpen your analytical skills
  • Help you to become better in dealing with ambiguity
  • Encourage you to learn how to make recommendations and how to justify your opinions
  • Improve you group working skills
  • Give you an opportunity for public speaking in front of relatively friendly audience

 

Evaluation systems and criteria

In person

This is a highly integrative course. Students are expected to develop their Business Plan throughout the course. In order to do so, the course has a practical approach that combines both theoretical content with exercises in class.

It is recommendable to take maximum advantage of classes to develop the content of the Business Plan.  In order to do so, students are asked to develop a holistic point of view able to integrate knowledge acquired in other courses such as marketing, communication, and finance or funding for culture.

For the best outcome of the course in terms of knowledge acquired and discussions, students must participate actively in class, reading all the material required for discussions and exercises. 

The use of laptops or other electronic devices (iPad, tablet, etc) is necessary to conduct the course exercises so please be ready to use them only for learning purposes.

 

During the term, students will be evaluated as indicated in the table below:

10%

Canvas

10%

Elevator pitch

10%

Participation

20%

Exams (2x10% each)

50%

Business Plan

Considerations:

a. Each assessment element (the second column) is scored with a grade between 0 and 10 with one decimal point precision. Zero is the lowest grade and ten is the highest grade. 

b. The final grade for the course is calculated by adding grades obtained in each element multiplied by their assigned weights (the first column). 

c. The final grade of the course is reported on the scale from 0 to 10 with one decimal point precision. 

d. In addition to numeric final grades, you are also given descriptive grades: 

  • NS (no show) 
  • 0.0 – 4.9 Failed
  • 5.0 – 6.9 Passed
  • 7.0 – 8.9 Notable 
  • 9.0 – 10.0 Excellent

e. A student can obtain “NS” (“No show”) grade only if he/she doesn’t have any grade in any of the five grading elements. 

f. To obtain a passing course grade, you must obtain the final group project grade that is equal to or greater than 5.0 AND the total course grade that is equal to or greater than 5.0. If the final group project grade is less than 5.0, the final group project grade becomes the course final grade irrespective of other grades. 

g. Exam 1 includes only material covered before the Exam 1. Exam 2 includes only material covered between Exam 1 and Exam 2. The final exam will consist exclusively on the presentation of the Business Plan.

h. All students in a group receive the same grade for any group work.

i. There will be no individual extra credit work assigned if you fail any of obligatory grading elements; you are unable to attend the exams for whatever reason, or if you obtain a grade below your expectations. 

j. Class preparation and participation grading element evaluates your preparation for the case and article discussions, not your class attendance record. However, missing classes or coming unprepared to classes lowers your grade for this evaluation element. A missed class, weather justified or unjustified, counts as an unprepared class. If your attendance falls below 80%, this grade falls to zero. 

k. A student can have a perfect attendance record and still score zero in participation grade. A failure to actively participate in group and class activities during the discussions of cases and articles will be considered as an indication that a student has not prepared for the class. Do not think of this grade as an entitlement or a gift – it has to be EARNED. 

Bibliography and resources

Books of reference;

  • Pinson, Linda, “Anatomy of a Business Plan : The Step-by-Step Guide to Building a Business and Securing Your Company's Future”
  • Gillman, Joan and White, Sarah, “Business plans that work : includes actual business plans that successfully attracted financing”
  • Blank, Steve and Dorf, Bob, “The Startup owner's manual : the step-by-step guide for building a great company”
  • Carpenter, M. A. and Sanders, W. G., (2009). “Strategic Management Concepts And Cases” (2nd ed.). Upper Saddle River, NY: Pearson Prentice Hall. 
  • Osterwalder, A. and Pigneur, Y. (2010). “Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers”. Wiley. 
  • Tokan, B. (2013). “How To Write Your First Business Plan”. CreateSpace Independent Publishing Platform 
  • Kim, W. C. and Mauborgne, R. (2005). “Blue Ocean Strategy: How To Create Uncontested market Space And Make Competition Irrelevant”. Harvard Business Review Press. 

 Teaching resources (posted on the course intranet): 

  • Powerpoint slides 
  • Supplementary articles 
  • Supplementary video cases (web link provided when possible) 

Teaching and learning material

      Material
            CAST. 1. generalidades: la empresa cultural 1.generalidades.pdf 
            CAST. 2. el plan de empresa del sector cultural 2.elplandeempresadelsectorcultural.pdf 
            CAST. 3. aspectos jurídicos y societarios (I) 3.aspectosjuridicosysocietariosi.pdf 
            CAST. 3. aspectos jurídicos y societarios (II) 3.aspectosjuridicosysocietariosii.pdf 
            CAST. 3. caso: ejercicio profesional libre 1 ejercicioprofesionallibre1.xls 
            CAST. 3. caso: ejercicio profesional libre 2 ejercicioprofesionallibre2.xls 
            CAST. 3. caso: ejercicio profesional libre 3 ejercicioprofesionallibre3.xls 
            CAST. 3. doc. anexo: ejemplo aspectos societarios 3.aspectosjuridicosysocietariosejemplo.pdf 
            CAST. 3. doc. anexo: epigrafes iae tabla_de_epigrafes_iae.pdf 
            CAST. 4. desarrollo del PEC (I): análisis previo 4.desarrollodelpecianalisisprevio.pdf 
            CAST. 5. desarrollo del PEC (II): plan de marketing 5.desarrollodelpeciiplandemarketing.pdf 
            CAST. 6. caso: ejercicio costes lúdic culture ejercicioludicculturecostes.xls 
            CAST. 6. desarrollo del PEC (III): plan de operaciones 6.desarrollodelpeciiiplandeoperaciones.pdf 
            CAST. 6. doc.anexo: coste y PVP anexocap.6costeypvp.xls 
            CAST. 6. doc.anexo: ficha RRHH annexocap.6recursoshumanos.doc 
            CAST. 7. caso: ejercicio 1 ejerciciocaso1.xlsx 
            CAST. 7. caso: ejercicio 2 ejerciciocaso2.xlsx 
            CAST. 7. caso: ejercicio 3 ejerciciocaso3.xlsx 
            CAST. 7. caso: ejercicio 4 ejerciciocaso4.xlsx 
            CAST. 7. caso: ejercicio examen 2011 ejercicioexamen2011.xls 
            CAST. 7. caso: ejercicio examen 2012 ejercicioexamen2012.xlsx 
            CAST. 7. caso: ejercicio examen 2015 ejercicioexamen2015.xls 
            CAST. 7. caso: ejercicio examen 2016 ejercicioexamen2016.xls 
            CAST. 7. caso: ejercicio tupublicas ejerciciotupublicas.xlsx 
            CAST. 7. desarrollo del PEC (IV): plan financiero 7.desarrollodelpecivplanfinanciero.pdf 
            CAST. 7. doc.anexo: financiación 7.desarrollodelpecivanexofinanciacion.pdf 
            CAST. 7. doc.anexo: modelos de cuentas modelosdecuentasanaliticas.xls 
            CAST. 7. doc.anexo: ratios económico-financieros ratioseconomicofinancieros.xlsx 
            CAST. 8. control de operaciones y políticas de calidad 8.controldeoperacionesypoliticasdecalidaddeservicio.pdf 
            CAST. 8. doc.anexo: cuadro de mando modelo cuadromandofinancieromodelo.xls 
            CAST. 9. plan de contingencias de variabilidad de entorno 9.plandecontingencias.pdf 
            examen 180319 examen180319.xlsx 
            Subvenciones públicas para la cultura 5.subvencionespublicasparalacultura.pdf 
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