The Utah Symphony And Utah Opera Essay

In 2002, a proposal was made to merge the Utah Symphony and Utah Opera due to the failing economy, collapsing of the stock market, declining government financial support, and a waning of donations for the arts. The proposed merger would help both organizations by economizing on costs and expanding the artistic potential of both organizations. Each of the organizations need to support the decision in order for the merger to be successful. A1. Bill Bailey and McClelland’s Need Theory

DeLong, T. J. (2005). "Utah Symphony and Utah Opera: A merger proposal." Harvard Business Review. Boston, MA: Harvard Business Publishing.

There are many companies and organizations that work in a similar manner and in a similar industry. Given the opportunity, merging alike organizations could lead to a prosperous economic effect. Without mergers many of the most well known brands and companies won’t be where they are today.

Merger 's within the music industry are often very attractive because they solve a money crisis quickly and efficiently in the short term, but over the long term they have a tendency to destroy market shares, and create a monopoly from these oligarchy companies. If merger 's among the

The symphony is a large and complex musical piece that has the potential to express a wide breadth of experiences and emotions. While the symphony was developed intensely in the eighteenth century in Vienna, the tradition of symphony has long since spread to other countries, providing the composers of different nationalities the opportunity to introduce their own colors into the symphony. Consequently, as different countries develop musical characteristics in the symphony to create their own symphonic tradition, these symphonies can be seen as an expression of national identity. Whether voluntarily or involuntarily, the circumstances surrounding the works and the composers’ intentions for their work have a profound impact on the relationship between a symphony and the national identity it expresses.

The paper differs from others as it will provide insight and evaluation into which event during the merger process had the largest effect and identify whether this was the same for both firms, especially since the merger was undertaken in a tough regulatory environment which contains many “hurdles” (). The results of this paper could be attributed to other firms in the industry or, potentially, to other industries with similar regulatory structures.

This essay will report the process of this merger happened in 2014 and analyze the impact of this financial event on both parties by using relevant financial theory.

The inherent business practice of acquiring other , usually competitive, companies is part of a risky but potentially big payout for the risk taker. To understand the true and relative impacts of mergers and acquisitions, it is necessary to examine organizations that both avoid and undertake these types of financial deals. The purpose of this essay is to examine two distinct companies and their business strategies in order to understand the practicality and feasibility of corporate mergers.

According to Parnell, “The attractiveness of mergers and acquisitions seems intuitively obvious: Two firms join forces and the combined organization possesses all the strengths of the individual firms” (2006).

Some people will be happy with the merger others will be skeptical with, some people will lose their benefits such as

Other companies, however, merge in order to reduce the agency costs, which seem not for sound economic reasons. This essay is an attempt to argue that the majority of companies merge for sound economic reasons, whereas some might merge for other reasons.

This is our second recommendation that focuses on risk and liability reduction and regulatory compliance. The risks associated with the merger of the two companies were identified as financial and resulted in Unity’s Board of Director’s mandate to save $6M in 3 years, operational stemming from disturbance in operations resulting from merger of IT systems, and organizational resulting from differences in corporate structure, culture,

A merger will give each company an opportunity to grow beyond its current state not just in terms of their brands but economically too. The merger could be as successful as the acquisition between Steinhoff and Pepkor, which resulted in a ‘global worth of approximately R 4oo billion’. The new company formed will be more effective in generating income, and this means that shareholders will get more returns.

Why companies consider merger to be important for their business success is not far fetch, to increase market share, economies of scale, profit from R&D, benefits on account of tax shields and reduction of competition. However, the merger also has some associated problems such as increased business complexity, clash of corporate culture and sometime employee may be resistance to

According to Yamanoi & Sayama (2013) found studies that propose the effects of lower post-merger financial performance is due to lack of cultural integration and creates organizational dysfunctions, with interpersonal conflict, organizational communication ineptitude, thus creating employee and executive turnover. With cultural