Monday, 24 November 2014

The Creative Economy




Three Parts To The Creative Industry:

Originators
Experience creators – selling a lifestyle
Content producers – e.g. photographer who is selling someone else’s product

The Creative World is based upon innovation, talent, creativity 
The creative industry is estimated to be worth £71.4 billion to the UK economy, it generates £8m per hour. This has lead to a 15.6% growth rate since 2008. Its created 1.6 million jobs.

Fashion is worth £26billion to the economy, this supports 797000 jobs(2014)

Employees wage income is estimated to have risen to over 46 billion
an increase of 23% since 2009
(source oxford economics 2014)

Little and Large:
84% of creative business have less than 10 people
2% have more than 100 people
60% of design business are less than 5 people
34% of people that work in the industry are self employed  

Graduating:
48% portfolio working and other activities 
23% self employed/ freelance
18% running own business
44% want to have own business

What 21st Century Skills Employers Want:
Creativity and innovation
Communication and collaboration
Research and information
Digital citizenship
Attention to detail

Employee Skills Required:
Innovative 
Self motivated 
The 4 c’s- critical thinking, communications, collaborations, creativity
Global awareness
Is able to work with others 
Respects individual diversity 
Effective listener
Prioritise, plan and manage information
Work positively and ethnically
Has good time management
Participate actively

Business Model:
Exploration of content
Exploration of us
Exploration of data
We are the traders, communicators and distributors (by sharing online or comment)
We can build or destroy a business the control is in the hands of many



  

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