Organization Management Task Term Paper Example | Topics and Well Written Essays - 1750 words

Organization Management Task - Term Paper ExampleIndustry experts had forecasted that the attendants would coin 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 capacity of the Symphony lies in the point that it had earned a huge daub name for itself being one of the most famous orchestral groups. The financial specialization 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 rise 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 various(prenominal) 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 tout 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 subscribe 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 keep 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 t hat the organization would continue mathematical process 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 realises and extinguish 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 synopsis 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 c ould 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 gird 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