SAP Presentation

SAP Presentation - Florida Museum of Photographic Arts...

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Unformatted text preview: Florida Museum of Photographic Arts Final Client Assessment Outline External Analysis Industry Competitive Forces Assessment External Analysis Conclusions Internal Analysis Review VRIO Framework & Analysis Financial Assessment Financial Review Value Chain Analysis SWOT Analysis Recommendations Short Term Intermediate Term External Analysis Review: Museum Industry Museum Industry Size of the industry Growth of the nonprofit sector Number of competitors: Veterans Memorial Park and Museum Tampa Bay History Center Tampa Museum of Art Henry B. Plant Museum Industry Attractiveness Economic conditions Competitive Forces Assessment Importance : Allows for ID & analysis of CSFs Threat of New Entrants Compete w/ museums, art galleries, art festivals Uniquely high barriers to entry Survive off grants, patrons, and donations Expensive to Produce Maintain Frame Present Warehouse Substitutes Tampa Area : Tampa Museum of Art & USF Contemporary Art Museum St. Pete Area : Salvador Dali Museum & The Museum of Fine Arts Numerous art galleries littered throughout both cities Hyde Park Art Festival in September 08 Buyers Museum patrons and members Membership range $25-$1000+ $4 suggested donation whether member or not Difference makers in budget deficits Suppliers Artists & independent donors $$$ Artists must meet board of directors expectations Makes a challenge to find reputable, quality artists Large donors targeted for interest in art (photo), high net worth, and political influence Competitive Rivalry Intense rivalry among existing competitors and substitutes Compete for small amount of government subsidies Public museums receive huge amount of monetary aid Each must be aware of environment demographics Advertising: area museums sponsor/host events to build reputation News/magazine ads (Creative Loafing, TBT) Conclusions * Factors for Success * Attract and build an audience...
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SAP Presentation - Florida Museum of Photographic Arts...

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