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Organization Management Task - Term Paper Example

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Organization Management task (#2) Table of Contents Task A- Action plan for Anne Ewers 3 Task B- Balanced scorecard for the merged company 8 Task C- Analysis of strengths and weaknesses of the merged company- Recommendations for addressing the four aspects of the business scorecard 10 Task D- Probable issues expected to arise 11 Reference 12 Task A- Action plan for Anne Ewers 1…
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Organization Management Task
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Download file to see previous pages Industry experts had forecasted that the attendants would fall considerably during the recession. However, increase in the price of tickets would not be effective as the expense increased by 2.5% leading to considerable operating deficit. However, the strength of the Symphony lies in the fact that it had earned a huge brand name for itself being one of the most famous orchestral groups. The financial strength of the organizations is also revealed through the immense reputation that it enjoyed and which consequently reflected through high ticket sales. Also the high paid musicians employed by the organization earning full time salaries only depicts the financial stability of the organization. The financial weakness of the organization was that it did not get any funds from the state and was the entire was generated through individual contributions and tickets sales. Moreover, ticket sales kept fluctuating depending on external conditions which weakened its financial position even further. The leadership strength of the company gets reflected by the fact it was led by Maurice Abravanel, who was hired as the conductor in the organization. The orchestra had developed under Abravanel starting from a small and part time community ensemble to a huge and renowned world class symphony. He was responsible for the growth of USA and for becoming the first orchestra in USA to have performed in the international platform. The leadership weakness of Utah Symphony gets revealed through the fact that it was subjected to too many leadership changes. The leadership of Abravanel was taken over by Lockhart and Lockhart continued to follow the initial strategies. However, since external conditions had changed it was necessary that Lockhart had made his own strategies which would be suitable for the present conditions at Symphony. a. Recommendations for addressing the weaknesses Firstly Anne should ensure that the organization would continue functioning under strong leadership and guidance as they had done before. Otherwise it would lead to a fall in quality and performance. Secondly she would also have to ensure that the crisis which had resulted in revenue losses for the company would be eradicated. The crucial aspect of the merger was to ensure that the merger would result in economic benefits and remove the deficits which had been prevailing (Dymski, 1999, p.56). The merger would definitely result in realizing scale economies as both the organizations were into the same business. This would be possible by making thorough analysis of the financial position of the two organizations, measuring their strengths and weaknesses and working on them. The key strategy would be to use the strength of one organization to realize the benefit of the other. Merging Opera with Symphony could be effective in drawing audiences having affinity towards traditions and culture which could control the problem of falling ticket sales to an extent. Enhancing the brand name and reputation through advertizing and publicity would also be effective in earning reputation and fame drawing in additional audiences which would consequently strengthen financial position of the organization. The improved financial position would be make it eligible for being part of the big merger. 2. Financial and leadership strengths and weaknesses of the Utah Opera The Utah Opera was also initiated and led by the best ...Download file to see next pagesRead More
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