1. New Orleans Symphony Case Study
The fundraising part of the orchestra is the work of a volunteer committee even though this is a vital part of the organization. ... These activities have to be a core part of the firm's financial plan. ... As the symphony follows a stability strategy, a set of possible solutions is as follows: 1.Downsizing the Orchestra: Decrease the number of musicians and employees, shorten the season, cooperate with other cities and art institutions. 2.File for Chapter 7 bankruptcy (liquidation): Close down the business, pay off the dept by selling the building. 3.Joining with another Symphony: Joi...
- Word Count: 1264
- Approx Pages: 5
- Has Bibliography