2010-10-08
Strategy and Art?
Strategy. One word. Multiple meanings. Some organisations direct their strategy at playing the existing game better. Some others decide to play new games. Only few decide to redefine how an existing game is being played. Avenso Projects redefined the rules in the contemporary photography market and created a new space for art photography. A sound strategy seems also crucial in the art business. The following paper will firstly describe how the strategic position of Lumas, Avensos first business unit, came about.
Secondly, the strategy pursued by Lumas will be analysed drawing on the framework put forward by Hambrick and Fredrickson (2005). The third part of this paper will then elaborate on the strategic choices that Avenso has taken. The conclusion will offer a brief discussion about the challenges and the strategic options that the company may face in a 3- to 5 years horizon.
An essay by Leticia Labaronne, ZHAW School of Management, Winterthur, Switzerland
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