The Case Study Of Ballet Philippines - 1307 Words

Problem Statement The Ballet Philippines gets its funds from two major sources: ticket-selling and subscription packages or sponsorships. However, the revenues it obtains from these sources are not sufficient to support the expenses of the company. The expenses involved in ballet are quite high. These include the costs of costumes, shoes, tours, performances, training, and artists compensation. The hard truth is that Ballet Philippines is not financially sustainable. The root of this problem could be traced to the revenue-generating activities of Ballet Philippines. The proceeds from the ticket sales are negligible. The audience in a show is mostly composed of the friends and relatives of the performers whose tickets are only†¦show more content†¦The company without the proper financial stability cannot work towards improving its dance form because it is too busy finding money for the business. Artists are Not Motivated. Another weakness is the low motivation of the companies employees. This is probably because of the low compensation for the ballerinas and other company workers. Another reason is the rarity of promotion in the company because of the few positions available. With few positions in the company, the only way an employee can get promoted is if the current one in the position resigns or retires. This is a weakness because employees with low motivation lack the energy to push the company to growth or even sustain the company s status quo. Low motivation can also show in their shows since dance is about form and emotion. This can affect the quality of their performance in the long run. High Cost of Sustaining Ballet Activities. The very cause of the need for more financing is the high cost of the companies activities. From employees salaries to ballet shoes, there are many costs that are not avoidable for the business to continue and this becomes the company s regular expenses. In the financial planning of this company, it will be a challenge to match these costs to proper financing to ensure that enough cash flow will support the business. OPPORTUNITIES Trends in the DanceShow MoreRelatedFolk Dances: the Lost Prestige of Philippine Culture6862 Words   |  28 PagesLost Prestige of Philippine Culture Cymond Calalo, Margot Lobendino, and Ollie Magsino De La Salle Lipa Integrated School Author’s Note Cymond Calalo English 10 De La Salle Lipa – Integrated School, Margot Lobendino English 10 De La Salle Lipa – Integrated School, Ollie Magsino English 10 De La Salle Lipa – Integrated School. Correspondence concerning this research should be addressed to Ollie Magsino, De La Salle Lipa – Integrated School, Lipa City, Philippines 4217. 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