Turning Around Organizations in a Crisis: The Case of Two Major Alberta Orchestras Case Solution & Answer

In 2002, both the Edmonton Symphony Orchestra and the Calgary Philharmonic face financial crises that threaten their existence. Both organizations provided similar programming was about the same income, and are rooted in their communities, which were similar populations. However, implementation approaches adopted by the boards of both organizations were radically different. The Calgary Philharmonic Orchestra has sought protection under bankruptcy, fired the CEO, hired consultants, government requested emergency funds and operations suspended for four months during the restructuring period. Ultimately, he became a successful bankruptcy. The Edmonton Symphony Orchestra scraped by the crisis, continues to pay the musicians for current shows during the negotiation of new contracts, keeping its CEO, and not seek government funding emergency. Three years after the crisis of the two organizations were flourishing, with new music directors, more balanced budgets and endowments. Describe the history of the two bands and their revisions.
by
Pratima Bansal,
Tom Ewart
Source: Ivey Publishing
18 pages.
May 15 2006: release date. Prod #: 906M64-PDF-ENG
Turn to the organization in times of crisis: the case of two Alberta bands Solution serious cases

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