Wgu Jft2 Task 1

1999 Words8 Pages
Bill Bailey One concern expressed by opera trustees was the financial strength of the opera vis-à-vis the symphony. The opera had a reserve fund and was financially stable and because of the business model could be flexible and adjust the size of the opera or eliminate projects that had not reached their fund-raising goal. The symphony, on the other hand, was a 52-week orchestra that did not have that flexibility. Another concern was that even though the opera could become a tier-one arts organization through the merger, the opera would lose its identity. (DeLong, & Ager, 2005) Bill Bailey’s concerns regarding the merger indicate that he feels that the merger would financially benefit the orchestra much more than it would benefit the opera. Bill may be able to successfully avoid the merger if he were to concentrate on illustrating the negative equity that the merger would bring to the opera and also on the fact that the opera really doesn’t need the orchestra in order to succeed. Because of this perceived inequality in regards to the merger outcome, Adams’s Equity Theory of Motivation would be a good choice to oppose the merger. “Defined generally, equity theory is a model of motivation that explains how people strive for fairness and justice in social exchanges or give- and- take relationships. As a process theory of motivation, equity theory explains how an individual’s motivation to behave in a certain way is fueled by feelings of inequity or a lack of justice, (Kinicki, & Kreitner, 2010) The opera is financially stable, has a sizable endowment fund, and has successfully expanded the number of its annual performances from three to four. Its production studio and costume inventory are also assets with significant value. The only positive thing the orchestra is really bringing to the table is the possibility that the opera could become a tier-one arts

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