Action Plan for Anne Ewers by Analyzing the Financial and Leadership Strengths and Weaknesses of the Utah Symphony Before the Merger

Organization management JFT 2 Task 2: Task A.1. Please analyze the financial and leadership strengths and weaknesses of the Utah Symphony Orchestra before the merger and write an action plan for Anne Ewers. Financial advantage of the Utah Symphony Orchestra The Symphony Orchestra has a rich and diversified source of income such as performances, bonuses, donations, investment income, guild income, box office fees and rents. They gathered over $ 12 million in the 2000-2001 season. Symphony's health surplus in 2000 - 2001 was $ 116,308.

Utah Symphony Orchestra's multiple financial and leadership strengths and weaknesses existed before the merger. The main financial strength of Symphonys is its donation fund and is over $ 10 million. Revenues from over 200 concerts of over 2000 gained more than $ 3 million revenue. All musicians have a contract with the Utah Symphony Orchestra and exchange annual salary in exchange for their work. The amount of each contract is determined based on prior agreement between leaders of Symphony's board of directors, so its main financial defect is that it can not change the amount the media pays annually. . After the terrorist attacks, the stock market plummeted and the US economy declined. Ticket sales of Symphony and many other visual and performing arts facilities declined sharply

Utah Opera House has various financial and leadership advantages and disadvantages that existed before the merger. The main financial strength is that donation fund and the amount of 5 million dollars. The opera house also has $ 4.8 million of performance equipment and landscape ownership assets. Thanks to the efforts and support of Anne Ewers' fundraising efforts, the organization has paid an invoice of $ 450,000. The financial weakness of the opera before the merger is a decrease in ticket sales and a decrease in income from fund-raising activities. There is still enough funds to compensate for the increase in annual expenses. The main leadership is Anne Ewer's support and professional ethics. She has worked for the organization for eleven years, promoting financing and helping organizations get out of debt.