The following are the definitions we're using.
Audience engagement
'Audience reach and engagement' can be interpreted in three ways:
Business model
A business model is the mechanism by which a business intends to manage its costs and generate its outcomes - in the case of for-profits, the outcomes are primarily revenues earned, and in the case of non-profits, the outcome is primarily the public good created. (Falk and Sheppard 2006: 18) [2]
[1] See NESTA's report Culture of Innovation for a detailed analysis of reach and engagement in the arts and cultural sector.
[2] See Thriving in the knowledge age: new business models for museums and other cultural institutions by Falk and Sheppard; Rowman Altamira, 2006