...Strategic Management and Strategic Competitiveness BUS 499- Business Administration Capstone Strayer University- Augusta Campus April, 2014 Abstract The purpose of the paper is to research and understand how the changes of globalization and technology have impacted the music industry. This paper will also apply the industrial organization model and the resource-based model to determine how the music industries earn above-average returns. This paper will explain how the music industry’s success is through its mission and vision statements with Universal Music Group as an example. Finally, this paper will evaluate how the importance each category of the stakeholder impacts is to the overall success of the music industry. Assess how globalization and technology changes have impacted the corporation you researched. The company researched was Universal Music Group because the music industry is ever growing and wanted to know more about the company. As we all know, technology has been a major part of the music industry both good and bad. Technology has helped plenty of artists and hurt others. Since the introduction of the mp3 and the popularity of the IPOD device, compact disc sales have declined and more music is being released without the record company’s permission. Some may view this as a major problem to the other major record labels that distribute music globally. But some are using the mp3 to their advantage. A while ago an artist could not walk out of a studio...
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...The Impact of the Internet on the Music Industry: Downloadable Music VS. Records Table of Contents * Introduction 3 * Music Label Industry Analysis 5 * EMI Group Unlimited Business Description 7 * Record Label Business Model 8 * Record Label History 10 * Record Label SWOT Analysis 11 * Downloadable Music Business Description 14 * Downloadable Music Business Model 14 * Downloadable Music History 15 * Competing Online Services 15 * Financial Analysis 16 * The Future of The Music Industry 19 * Conclusion 21 * References 21 The Impact of the Internet on the Music Industry: The Record Label VS. Downloadable Music It was only a short time ago that record stores like Specs and FYE were littered across the country, stocked from wall to wall with all the latest albums from your favorite bands and all sorts of music paraphernalia. People like me would have stacks of compact discs or binders full of the music they owned ready to go wherever they went. Before them there were cassette tapes, and before that vinyl records. If you were lucky enough to be a signed musician, you were a star destined for fame and fortune with thousands if not millions of loyal supporters buying your album and following you on tour. Most importantly for the purpose of this paper, the record labels were some of the wealthiest companies in the entertainment...
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...Analysis7. Alternatives8. Choosing the Best Alternative | 33567911151922 | | | 1. Problem Statement The Universal Music Group (UMG) announced a pricing initiative designed “to reinvigorate the record business in North America”. UMG’s pricing initiative included a suggested retail price reduction, retailer display space requirements, and abolishment of retailer cooperative allowances and discounts. Therefore, the issues are: • How should EMI respond to UMG’s initiative? • What will the pros and cons of the sales and profit for each alternatives course of action? 2. Industry Overview The worldwide recorded music industry posted sales of $32 billion in 2002. This figure represented a 7% decline in dollar sales and an 8% decrease in unit volume from 2001. The United States is the largest market for recorded music at 39.4% of worldwide sales, followed by Western Europe t 36% and remaining from Asia and Latin America. Most of the sales and unit volume from all continents dropped except Western Europe. The mass downloading from unauthorized file sharing on the Internet, the proliferation of CD burning, competition from other entertainment formats (such as DVD film and new video game console) and poor economic conditions worldwide have contributed to the recent downward sales trend in the recorded music industry. As a consequence, major music companies have shut down CD manufacturing facilities...
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...2 Industry Analysis………………………………………………. 3 Target Market…………………………………………………… 5 Competition……………………………………………………… 6 Strategic Position………………………………………………... 7 Marketing Plan…………………………………………………... 8 Operations and Technology…………………………………… 10 Management Plan………………………………………………. 12 Community Involvement & Social Responsibility…………… 13 Development, Milestones, & Exit Plan……………………….. 13 Financials……………………………………………………….. 15 Appendix………………………………………………………… 21 (Appendix will contain all forms, company policies and documents for the business. Forms have not yet been developed.) Executive Summary The Company Blue Door Recording is a dba of Liquid Smoke Entertainment, a Limited Liability Company based in Atlanta, GA. Its primary reason for existing is to record music. Over the last six years Atlanta has dominated the market in recorded hip hop and R&B. This area has a large number of recording artists based on MySpace band pages, which indicates a need for the services we provide. Blue Door Recording is in the entertainment industry. Mission Our mission is to provide the most creative and efficient results to our clients as to ensure they have best possible chance of selling music. Our dedication to long term relationships will help to establish us as the preeminent source for...
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...1.0 INTRODUCTION EMI Group plc In early spring 2007, Martin Stewart as chief financial officer (CFO) for global music giant EMI, he’s knew most of the news that would break at the company’s April 18 earnings announcement. Annual underlying revenue for the company was down 16% to GBP 1.8 billion (British pounds). Earnings per share (EPS) have also dropped from 10.9 pence (p) in 2006 to -36.3p in FY2007. The performance reflected the global decline in music industry revenues, as well as the extraordinary cost of the restructuring program EMI was pursuing to realign its investment priorities and focus its resources to achieve the best returns in the future. On an annual basis, EMI has consistently paid an 8p-per-share dividend to ordinary shareholders since 2002. EMI’s recent performance, Stewart questioned whether EMI should continue to maintain what would represent a combined GBP 63 million annual dividend payment. Stewart recognized that EMI faced considerable threat of takeover. It seemed that boosting EMI’s share price was imperative, if Emi wanted to maintain its independence. The Dividend Decision The board already declared an interim dividend of 2p per share in November 2006, whether to maintain the past payout level by recommending an additional 6p final EMI dividend be paid. Provided a forecast of the cash flows effects of maintaining the dividend based on market-based forecast of performance. Dividends are payments made by an organization to its shareholders...
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...Executive summary This report will speak about the qualities and the managerial work that a Human Resource Manager needs to have towards his work. Human Resource Management is one of the important aspects of any organization. This report will explain about the managerial work that a Human Resource Manager needs to carry out, if given an opportunity to work with National Art Council (Singapore). This report will spread light on the challenges that the organization is facing and what steps needs to be taken by the Human Resource Manager to solve those issues will be discussed. Introduction If the people of your company are happy then they will take care of the customers and if the customers are happy then the profit of the organization is taken care. People and their happiness in an organization lies in the hands of Human Resource Management. An individual working under the National Art Council as a Human Resource Manger need to be very enthusiastic and passionate enough to provide guidance and assistance to the people. National Art Council (NAC) consists of multiple departments (performing arts, visual arts, human resource, and corporate communication) which all together works towards a common goal which is about unveiling fine arts in different fields and bringing out ones talent. (Renaissance city plan, 2008). The individual who will be handling the post of Human resource manager in National Art Council needs to focus on the key issue within the organization...
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...citizens by bringing arts and culture from the margins to the mainstream of the economy and society through culturally sustainable policies and actions that will lead us to the status of the first Artistic & Cultural Island City in the World Table of contents Page Message of Prime Minister…………………………………………………………. 3 Message of Minister of Arts and Culture …………………………………………... 4 Introduction…………………………………………………………………………. 5 Executive summary…………………………………………………………………. 7 Chapter 1: Overview of the Arts and Culture set-up ………………………………. 19 Chapter 2: The Music industry……………………………………………………... 23 Chapter 3: The Arts sector …………………………………………………………. 30 Chapter 4: Publishing, Reading and Writing ………………………………………. 39 Chapter 5: The audio-visual sector ………………………………………………… 43 Chapter 6: Heritage Management and Promotion………………………………….. 47 Chapter 7: Mauritius, an Artistic and Cultural Island City- ACIC………………… 51 Chapter 8: Developing synergies…………………………………………………… 56 Chapter 9: Arts and Culture: the cement of our nation …………………………….. 61 Chapter 10: Conclusion - Arts and Culture make Mauritius a haven ……………...63 Message of the Prime Minister Culture is connecting with development and is poised to become a fundamental component of sustainable development. This White Paper sets the stage for a revival of arts and culture in Mauritius. My government...
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...Business Research Methods (2014) Decreasing number of box office hits per year in Telugu film industry (Tollywood) - analysis and recommendations Business Research Methods Submitted to Dr Arun Abraham Elias Victoria Management School Victoria University of Wellington New Zealand Submitted by M Rohit PGP/17/151 – Section C Indian Institute of Management, Kozhikode India M Rohit (PGP/17/151) Page 1 Business Research Methods (2014) Abstract This paper talks about the emergence of Telugu films and subsequent growth and development of Telugu film industry (Tollywood). Indian film industry on a whole is facing serious issue in the decrease in number of hits per year. An attempt has been made to study this trend in Tollywood. Entertainment industry is a major source of income in the Indian GDP. Hence this topic of research has been chosen. The industry has seen transformation from Puranas to mass folklore to technological breakthroughs in the form of colour films and many more innovations. Tollywood holds a special place in Indian film industry in terms of quality of films, number of films released, box office collections and cultural and political impacts on India. This paper approaches the industry with behaviour over time analysis and then identifies various stakeholders involved in this complex network. The paper gives a brief idea of the effects of various parties on the industry. An attempt has been made to address various issues relating to technology,...
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...Procedure of Simon Cowell The Founder and CEO of SYCO Student Name Instructor’s Name Course Date INTRODUCTION The concept of leadership is a relevant subject in 20th century and the early years of the 21st century (Northouse, 2004). Leadership can be described as a way of social control that sees a person getting the support and aid of others on completing a specific task (Adair, 2005). Thus, effective leadership is the ability to effectively incorporate and exploit existing resources within an organization for the accomplishment of the goals and objectives of such organization (Northouse, 2004). The issue of leadership continues to be a famous concept. Despite the fact that lots has been written about leadership, the importance of leadership has not diminished. According to Cohen (2009), “leadership always matters and continues to be more matter as time goes on”. This report considers the leadership style of Simon Cowell, the CEO and founder of SYCO, as a transformational leader that has tremendous impact on organisational change of the company. The report reviews leadership theories and concepts such as traits, styles and skills. The report clearly follows the chronological development of leadership theories and focus on Simon Cowell as a leader, the leadership environment and the leadership relationship. This report also explores possible links between theories and Simon Cowell’s leadership. It takes a holistic approach on managerial leadership and draws a...
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...Project How can HMV optimize social media for music promotion Content Abstract 3 1. Introduction 4 2. Industry Context 5 3. Management Issue 9 4. Literature Review 15 4.1 Digital Music Market and Retailer 15 4.2 Social media 18 4.3 Social Media Tool and Music Retailer 21 5. Research Gap and Significance 25 6. Research Aims 25 7. Research Methodology 27 7.1 Research Source: Secondary data 27 7.2 Research Method: Case study 28 7.3 Research Steps 29 8. Research Analysis and Findings 31 8.1 Research Analysis 31 8.1.1 Audience Insight 32 8.1.2 Direct, Simple and Convenient Design 37 8.1.3 Insider Strengthening 39 8.2 Research Findings 41 8.3 Research Recommendation 42 9. Research Limitation 43 10. Conclusion 44 References 46 Abstract HMV is a British entertainment retailer, which is selling music including physical music and digital music. However, HMV does not runs good social media. In this dissertation, I will explain music industry context and HMV’s social media issue, followed by reviewing literatures about digital market, social media and music retailers. Furthermore, I design a research with secondary data research and case study method, and investigate how to deal with HMV’s social media issue through exploring what and how do other successful cases do for this challenge especially on social media. Key words: Digital market, Music, Retailer, Social media, Introduction HMV, which...
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...Subject: Organizational Management, Task2 A. Develop an action plan: 1. Analyze the financial and leadership strengths and weaknesses of the Utah Symphony before the merger. Utah Symphony had a great deal of financial talent, but has been unable to find a strong source for future success. The potential merger builds on these strengths and weaknesses by creating a better future for both companies. Strength points: Symphony became one of the first orchestras from the western united stated to tour internationally. Unlike artists who worked for the opera, musicians employed by the USO received a full year contract and earned a full time salary. They had well management and financial that they were able to go to several cities and have hundreds concerts A weaking of the economy, the bursting of the of the internet bubble and subsequent collapse of the stock market, and the tragic of September 11,2001 had led to a decline in public ( ticket sales and individual ,corporate and foundation pledges) support for the arts The Utah Symphony has its home in Abravanel Hall, which is acclaimed as one of the world's great concert halls - having won awards for both its architecture and its extraordinary acoustics. In addition to performing more than 70 subscription concerts in Abravanel Hall, the Symphony regularly travels around the Intermountain West serving communities in Utah, Wyoming, Nevada and Idaho. Funding from the Utah State Legislature makes it possible for the Symphony...
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...Books as part of its effort to expand its presence among booksellers. Throughout its history, Leisure Arts has focused its sales operation on crafts stores. Details Subject Book industry; Bookstores; Distributors; Agreements; Distribution channels Company / organization Name: Leisure Arts NAICS: 511120; Name: Midpoint Trade Books Inc NAICS: 422920, 511130 Title Leisure Arts in Bookstore Push Author Milliot, Jim Publication title Publishers Weekly Volume 255 Issue 41 Pages n/a Number of pages 1 Publication year 2008 Publication date Oct 13, 2008 Year 2008 Section Foreword; New Channel Publisher PWxyz, LLC Place of publication New York Country of publication United States Publication subject Publishing And Book Trade, Library And Information Sciences ISSN 00000019 CODEN PWEEAD Source type Trade Journals Language of publication English Document type News ProQuest document ID 197101688 Document URL http://search.proquest.com.ezaccess.library.uitm.edu.my/docview/197101688?accountid=42518 Copyright Copyright Reed Business Information, a division of Reed Elsevier, Inc. Oct 13, 2008 Last updated 2015-02-23 Database Arts & Humanities Full Text Full Text * TranslateFull text * Turn on search term navigation Craft book publisher Leisure Arts has signed on with Midpoint Trade Books as part of its effort to expand its presence among booksellers. The Midpoint deal,...
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...10 truths about making it in music This report is free and does not contain affiliate links. Feel free to share it with the world under the terms of Creative Commons Attribution 3.0 License. 2011 Dotted Music Written by Ben Brown. Layout by logical. Concept by Andrew Apanov. DottedMusic.com | Written by Ben Brown 3 10 truths about making it in music Foreward. What do you do when you seek for useful advice or inspiration in something you are passionate about and want to succeed in? One of the most obvious answers (if you are not a member of a suicide club) is probably this - you listen to people who have already "made it" in your craft. And in such a sleazy and poorly documented industry as music business, you better use this advice in full. This was what I thought while thinking on a concept for the first Dotted Music ebook few months back. On the blog, we've got lots of fantastic quotes from successful musicians, and pretty diverse I must say - from Anthrax guitarist to frontman of OK Go, there are very different sayings. So, the idea was born: to collect ten exceptional quotes and build a story around them. Why the story? Well, there is one problem about musicians, specifically when they speak... With the vague nature of most artistic people, their expressions are often pretty generic. To correct this misunderstanding, we took risks to expose the ten chosen quotes of musicians, who indeed have "made it" in the music industry, and create a free ebook worth...
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...Strategic Management Case plus Case Answer – Apple’s Profitable but Risky Strategy Case study Apple’s profitable but risky strategy When Apple’s Chief Executive – Steven Jobs – launched the Apple iPod in 2001 and the iPhone in 2007, he made a significant shift in the company’s strategy from the relatively safe market of innovative, premium-priced computers into the highly competitive markets of consumer electronics. This case explores this profitable but risky strategy. Note that this case explores in 2008 before Nokia had major problems with smartphones – see Case 9.2 and Case 15.1 for this later situation. Early beginnings To understand any company’s strategy, it is helpful to begin by looking back at its roots. Founded in 1976, Apple built its early reputation on innovative personal computers that were par-ticularly easy for customers to use and as a result were priced higher than those of competitors. The inspiration for this strategy came from a visit by the founders of the company – Steven Jobs and Steven Wozniack – to the Palo Alto research laboratories of the Xerox company in 1979. They observed that Xerox had developed an early version of a computer interface screen with the drop-down menus that are widely used today on all personal computers. Most computers in the late 1970s still used complicated technical interfaces for even simple tasks like typing – still called ‘word-processing’ at the time. Jobs and Wozniack took the concept back to Apple and developed their...
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...the world, the “Comedy Factory”. Is therefore being developed a business strategy, that serves to clarify the organizational structure at global level. The investment made, then as purpose, growth and expansion throughout the world, trying to revive the comic book characters (hidden for too long) and trying to exploit the licensing of the former company, implementing a new strategic plan of marketing and distribution of merchandise. As in the past, when Disney acquired Marvel, the CEO of Disney, Robert Iger said: “This treasure find of over 5,000 characters offers Disney the ability to do what we do best." (Robert Iger, 2009). The organizational structure of a multinational company, requires a detailed treatment of the management and executive system. Therefore be able to build within a specific operating system, which limits the costs of each department to avoid the risk of confusing the various tasks. The acquisition of Comedy Factory, leader in the field of comics, will help the movie company to implement and develop new projects in the film industry, entertainment and merchandise. “What I love about DC is that we're not a one-note business. We can be on-line, we can be CD-ROM, we can be video games and interactive toys, or we can be movies, television, animation. So the opportunities technology brings are all open to us, and each one of those different areas helps all the others— long as we never lose sight of the fact that the comics made all these other...
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