Artist as Brand Portfolio Manager: A Strategic Brand Management Framing of the Artist
Article Details
Pub. Date
:
June,
2016
Product Name
:
The IUP Journal of Brand Management
Product Type
:
Article
Product Code
:
IJBRM211606
Author Name
:
Henrik Uggla
Availability
:
YES
Subject/Domain
:
Marketing
Management
Download Format
:
PDF Format
No. of Pages
:
9
Price
For delivery in electronic
format: Rs. 50;
For delivery through courier (within India): Rs.
50 + Rs. 25 for Shipping & Handling Charges
Download
To download this Article click on the button below:
Abstract
The purpose of this paper is to expand the perspective on the artist from brand manager to brand portfolio manager, focusing on applying the brand portfolio metaphor and framework from strategic brand management to the artist and art. This paper has two aims, first to embed the creative artist’s work within the strategic brand management literature and the brand portfolio management literature in particular. Secondly, the author moves beyond the traditional description of the artist as a brand by framing the artist as an inclusive brand portfolio manager, leveraging entities, artifacts and impressions in and outside his or her brand territory. It is suggested that the artist can potentially manage a complex brand portfolio of product-brands, brand extensions and co-brands and align distinct brand portfolio objectives with his or her business strategy.
Description
The alignment of brand portfolio strategy with art and the artist has several practical
implications for artists, curators, managers and other actors involved in the process of
creating and leveraging art in markets and society. First, it can enable a much more
expansive go-to-market framework for the artist. Second, it may be helpful to curators,
gallery owners and other actors in the creative value chain, by viewing the issue of art and
art management in a more expansive way.
Research by Schroeder (2005) indicated that visual artists could contribute to the
understanding and development of brands and brand-related theories. Schroeder argued
that some pop-artists like Andy Warhol both leveraged and built their brand in their
effort to comment upon popular culture:
Warhol provides a stunning example of artist as brand—he was extremely
articulate about his ambition to become famous—and his work reflectively
comments on brands and consumer culture. Warhol’s contributions to branding
are many, and he remains a hot brand almost 20 years after his untimely death.
Keywords
Brand Management Journal, Brand Portfolio Manager, Artist Portfolio Strategies, Considerations for Future Research, Strategic Brand Management, Brand Portfolio Patterns.