topic 1
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topic 2
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topic 3
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topic 4
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topic 5
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Misc Notes
- could be outsourcing
- perhaps outsourcing: head office in Europe
- could be MNC (based in Europe but host concerts outside)
the stakeholders
- farmers
- concert goers
- environmental advocates
- shareholders → because public company
- employees
- contractors
- performers
- government
- suppliers
- potentially security there could be conflict of interest within stakeholders.
growth factors
- why did they become public
- how does selling shares help them
- organic growth ⇒ internal vs external
culture clashes
- Hoefstede’s cultural dimensions (HL though)
key terms
Topics to review
- leadership ⇒ i.e. be laissez faire with freelancers, may need to be more autocratic for employees (tell them what to do, since they have a temporary job and it has to be done right)
- Job production ⇒ someone finishing a project from start to finish
- Difference between leadership and management
- Sales revenue: make sure you are breaking even, price of tickets, pay for upfront costs and wages of employees
- understand difference between salary and wages
- sources of finance ⇒ pay for acts up front, cash flow, make projections, understand budgets (unit 3)
- Triple bottom line: people planet profit
- freelancers in the music industry: performers, composers, producers, composers, publishers, videographers, marketing experts
- greenwashing in the music industry
- superficial claims that mislead audiences
- unit 5 operations management: job production
Review for March 26 BMT, decisions that need to be made, individuals/key stakeholder groups, constraints challenges threats limitations