Financial Management in Museums: Theory, Practice, and Context

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Yuha Jung (University of Kentucky, USA.) Rachel Shane (University of Kentucky, USA.)

Financial Management in Museums

Theory, Practice, and Context

Yuha Jung (University of Kentucky, USA.), Rachel Shane (University of Kentucky, USA.), Jaleesa Wells (University of Kentucky, USA.)

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Paperback

Forthcoming
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English

Routledge
12 August 2024

Museums & museology; History: specific events & topics; Cultural studies; Economics; Business strategy

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.

Financial Management in Museums focuses on the unique financial needs and structures of museums, while also considering important lessons from adjacent sectors. It will be essential reading for students and academics engaged in the study of museums, arts and cultural management and business. The book will also be useful to museum professionals working around the world.

Edited by: Yuha Jung (University of Kentucky USA.), Rachel Shane (University of Kentucky, USA.), Jaleesa Wells (University of Kentucky, USA.)
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
ISBN: 9781032310916
ISBN 10: 103231091X
Pages: 358
Publication Date: 12 August 2024
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Paperback
Publisher's Status: Forthcoming

Dr. Yuha Jung is an associate professor and the director of graduate studies of Arts Administration at the University of Kentucky, USA. Dr. Rachel Shane is the Department Chair and a Professor of Arts Administration at the University of Kentucky, USA. Jaleesa Renee Wells Ph.D. is an artist, entrepreneur, and transdisciplinary scholar. She is an assistant professor of Arts Administration at the University of Kentucky, USA.