Jft2 Task2
Jft2 Task2
JFT2 Task 2
A1) Financial strengths and weaknesses of the symphony
Financial weaknesses of the symphony are cash flow due to low fund raising, and high expenses resulting from artist compensation.
Financial strengths of the symphony consist of high ticket sales and a large amount of concerts performed during the year resulting in high gross revenue.
Leadership strengths of the symphony would be in part to Keith Lockhart's report with the musicians, and his artistic vision.
Leadership weaknesses of the symphony would entail the vacant CEO position and the changing of the chairman of the board during the merge.
A1a) Key steps
Anne should address financial weaknesses of the symphony by implementing higher fund raising goals and by meeting with the musicians to renegotiate contract for compensation to lower expenses. Anne should address the leadership weaknesses of the symphony by empowering Keith Lockhart to have additional decision making authority over the symphony.
A2)
Financial strengths of the opera are positive cash flow, cash reserves and assets as well as fund raising.
Financial weaknesses of the opera would include net loss on rental income and expense, and slipping ticket revenue.
Leadership strengths of the opera would include Anne's leadership, experience, and management practices.
Leadership weaknesses of the opera would include the resignation of Leslie Peterson, the daughter of the founder.
A2a)
Anne can address the financial weaknesses of the opera by increasing the rental charges for the rental program of their stage equipment, which is currently resulting in a net loss of close to one hundred thousand dollars, to generate a profit. To help the ailing ticket sales Ewers needs to reevaluate the target opera audience to make sure that it is still in line with the current advertising and program selection. Anne may consider raising ticket prices, as the symphony did, to combat lower attendance.
A3)
In analyzing the score cards from the
JFT2 Task 2
A1) Financial strengths and weaknesses of the symphony
Financial weaknesses of the symphony are cash flow due to low fund raising, and high expenses resulting from artist compensation.
Financial strengths of the symphony consist of high ticket sales and a large amount of concerts performed during the year resulting in high gross revenue.
Leadership strengths of the symphony would be in part to Keith Lockhart's report with the musicians, and his artistic vision.
Leadership weaknesses of the symphony would entail the vacant CEO position and the changing of the chairman of the board during the merge.
A1a) Key steps
Anne should address financial weaknesses of the symphony by implementing higher fund raising goals and by meeting with the musicians to renegotiate contract for compensation to lower expenses. Anne should address the leadership weaknesses of the symphony by empowering Keith Lockhart to have additional decision making authority over the symphony.
A2)
Financial strengths of the opera are positive cash flow, cash reserves and assets as well as fund raising.
Financial weaknesses of the opera would include net loss on rental income and expense, and slipping ticket revenue.
Leadership strengths of the opera would include Anne's leadership, experience, and management practices.
Leadership weaknesses of the opera would include the resignation of Leslie Peterson, the daughter of the founder.
A2a)
Anne can address the financial weaknesses of the opera by increasing the rental charges for the rental program of their stage equipment, which is currently resulting in a net loss of close to one hundred thousand dollars, to generate a profit. To help the ailing ticket sales Ewers needs to reevaluate the target opera audience to make sure that it is still in line with the current advertising and program selection. Anne may consider raising ticket prices, as the symphony did, to combat lower attendance.
A3)
In analyzing the score cards from the