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Flashcards focusing on key concepts and vocabulary from the lecture on arts business consulting.
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Artist-Entrepreneurs
Individuals who blend artistic pursuits with entrepreneurial practices, often facing unique challenges and motivations.
Motivational Mix
An individual artist’s unique combination of preferred product types, reward types, and reward sources.
Path Dependency
The tendency for artists to avoid incorporating new types of products and/or revenue sources into their business models.
Reward Orientation
The unique combination of motivations behind an individual artist’s professional and artistic decisions.
Habitus
An internalized personal value system or conscience that guides an individual's motivations, actions, and preferences.
Intrinsic Motivation
The internal drive to engage in an activity because it is inherently interesting or enjoyable.
Extrinsic Motivation
The drive to perform an activity to earn a reward or avoid punishment.
Survival Constraint
A phenomenon where artists lose interest in earning more money after reaching a certain income level.
Consultant’s Job
To help entrepreneurs identify problems, craft solutions, and provide guidance while respecting their artistic control.
Authenticity in Art
The quality of being genuine and true to one’s artistic vision, often resistant to commercial influence.