Analyze the financial and leadership strengths and weaknesses of the Utah Symphony before the merger. Before the merger was utilized, the Utah Symphony faced financial issues of all kinds. Lacking the ability to negotiate the salaries of its employees proved to be a huge weakness for them. By being under contract, the employees were required to pay salaries regardless of the ticket sales. However, the above average endowments were a big strength. The Utah Symphony was second to a Group II symphony orchestra; as a result, was granted an above average endowment. A leadership strength for the symphony was that it contained two leaders known as Keith Lockhard and Scott Parker. When the CEO of the Utah Symphony declared resignation in 2002, this came to be another weakness for the symphony. Replacing the CEO of the Utah Symphony can be a hard and long process. Hiring a replacement proved to be a major issue for the Utah Symphony during this time period. Recommend the key steps Anne should take to address these weaknesses to ensure a successful start of the merger. The following list is actions that Anne should utilize to address the weaknesses to guarantee a successful start of the merger: Analyze the symphony's financial status by observing the prices of the tickets and figure out how to keep the sale price as close as possible to their current rate. Discover ways to get rid of deficits and keep the above average endowment intact. Keith Lockhart should remain the music
The Pittsburgh Symphony Orchestra’s performance of Mahler’s Symphony No. 5 at the Berlin Philharmonie, gifted the audience with a masterful rendition of the movements within the symphony. The Symphony divides into three separate parts, in which the movements complement each other's characteristics. The symphony orchestra features a myriad of orchestral instruments featuring the Brass, Woodwinds, Strings, and Percussion families. Furthermore, the various movements throughout the performance utilize various musical concepts that bring the music to life. Albeit, the complexity of Mahler’s symphony, the Pittsburgh Symphony Orchestra performed superbly throughout the performance.
In the area of weaknesses, the biggest challenge was employee turnover. Even with the recession and the current job market good talent could and can be found, but it is hard to retain with the current compensation and benefit plans offered
3. What are the challenges that Swan faces at the end of the case? What actions should she take? Should she assign an interim director?
The concert performed by the Allen High School Symphony Orchestra, which combines the Chamber and Sinfonia Orchestras, was an amazing concert but was not a flawless one. The pieces all sounded quite wonderful on the outside, but by diving deeper into the music and truly listening to and observing the performance with a sharper eye, there were some problems that appeared in a couple different areas, and those problems came mainly from three distinct areas: tone, technique, and musicianship.
With his position assured, Ewers and Lockhart needs to go over the financials of both organizations and what they will look like for the new organization. It should become clear to Lockhart that the musicians’ collective bargaining agreement will need to be renegotiated. Because of his relationship with the musicians, Lockhart should be able to convince them that there is no alternative to negotiating a new contract if the new organizations is to get off its feet.
I have never attended an orchestral concert. Although my taste ranges between several different types of music, the only concerts I have attended are of the rock and country variety. I was not sure what to expect in attending The Houston Civic Symphony’s performance on Sunday, October 9, 2016. It was held at the Dunham Theater within the Morris Cultural Arts Center at Houston Baptist University. Once inside I saw the beautiful stage with all of the performers warming up and three stories of seating. Many of the patrons were in the age range of 30 and up. I did see some kids and young adults but not many. The HCS marked its 50th year since the very first performance this season. The first performance happened in 1996 when a group of music lovers in Houston came together to play a concert just because they wanted to play and share their love of music with others. From that day they became known as the Houston Civic Symphony. Some of the players I watched in this performance have been with the Symphony for 25 years or more while others are barely reaching their first year if not their first performance; only two of the players have been there since the very first season. Out of the three pieces performed the one that caught my attention the most was the last, it hold a powerful message of fear and desperation for
During this merger the Utah Symphony had many weaknesses that were identified within the organization (DeLong, T. J. (2005). While the organization can put focus on the increase in their fundraising, the administrators at the Symphony also need to look at a renegotiation of the collective bargaining agreement that was in place for the organizations musicians. Renegotiating this financial outlay could give the organization more freedom in their financial budget and they could in turn use this money to focus on their fundraising goals and other factors that will assist in increasing their revenue. This is not to say that fundraising is not an important aspect for the Symphony’s revenue flow, the executives at the Symphony need to also make certain that they are exploring other prospects that might also assist in the organizations cash flow and their overall financial stability (Kreitner. 40).
1. Evaluate the strengths and weaknesses of the balanced scorecard in this type of an organization.
Characterize the dominant strategy used for each of Janet’s production plans, and provide a brief summary of the strengths and weaknesses of each.
Determine the key factors that will drive the financial planning process for most organizations in the post-merger phase, and examine the related impact to the organization process. Provide support for your rationale.
1. Assess Interco's financial performance. Why is the company a target of a hostile takeover attempt?
4. If you were Woodmere’s top management, what suggestions would you make to improve the current proposal? Why?
This case explores the roles of CEO Rudi Gassner and the 9-person executive committee in leading BMG International. BMG International is the international music subsidiary of Bertelsmann, a German company that is the second-largest media conglomerate in the world. In particular, the case describes a 1993 decision that Gassner and the executive committee must make about whether or not to change managers' business plans and bonus targets as a result of a newly negotiate reduced manufacturing cost. Some of the major and important issues discussed include: the complexities of managing and growing a large global business; the tensions between centralized corporate control and decentralized local management in a global organization; the impact
4. How does this case illustrate how strategic intent needs to be matched by both organizational capability and managerial competence; and show how such
Critically assess the usefulness of the information contained in the corporate scorecard in Exhibit 3 as a way to implement Analog Devices' strategy. What role does each set of measures play in strategy execution? What should be the relative importance of financial versus nonfinancial measures? What additional information would you like to see included in the