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

Organization caution Task - Term Paper ExampleIndustry experts had forecasted that the attendants would fall considerably during the recession. However, increase in the terms of tickets would not be effective as the expense increased by 2.5% leading to considerable operational deficit. However, the strength of the Symphony lies in the fact that it had earned a huge brand name for itself organism one of the most famous orchestral groups. The financial strength of the presidential terms is also revea guide through the immense write up that it enjoyed and which thence 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 scram any funds from the state and was the entire was generated through individual contributions and tickets sales. Moreover, ticket sales kept fluctuate 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 start from a small and part time community ensemble to a huge and renowned founding class symphony. He was responsible for the growth of USA and for becoming the first orchestra in USA to own performed in the international platform. The leadership weakness of Utah Symphony gets revealed through the fact that it was subjected to too some leadership changes. The leadership of Abravanel was taken over by Lockhart and Lockhart persist ind to follow the initial strategies. However, since external conditions had changed it was essential 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 organi zation 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 losings 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 like business. This would be possible by making thorough analysis of the financial position of the two organizations, measuring stick their strengths and weaknesses and working on them. The key strategy would be to use the strength of one organization to effect the benefit of the other. Merging Opera with Symphony could be effective in drawing audiences having affinity towards traditions and finale which could control the probl em of falling ticket sales to an extent. Enhancing the brand name and reputation through advertize 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 be 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