The Impact of Financial Problems of Performing Dance Companies on Dance Business: A Case Study Analysis of New York Dance Organisations

Abstract

The ballet business environment is fraught with uncertainties, prompting organizations to implement changes in their operations to enhance business processes and generate revenue. Change is essential to establish a unique working culture and improve business performance. Business leaders play a crucial role in identifying opportunities for economic prosperity, but they cannot accomplish business improvement tasks alone; they require the support of employees. A strong relationship between ballet leaders and dancers is contingent upon mutual respect and meeting the needs of both parties, including emotional, social, and monetary needs, which contribute to creating a unique working environment.

This dissertation focuses on the economic issues facing the New York ballet industry and seeks solutions to avert its potentially bleak future. The dissertation comprises five chapters:

Introduction: This chapter provides background information on the problem and outlines the general and specific challenges facing the New York ballet industry. Literature Review: The second chapter delves into academic opinions and existing research relevant to the subject. Research Methodology: The third chapter explores the research methods employed in this study. Data Analysis and Findings: Chapter four presents an analysis of the collected data and the findings derived from it. Conclusion and Recommendations: The final chapter summarizes the conclusions drawn from the research and offers recommendations for addressing the economic issues facing the New York ballet industry. Through this dissertation, solutions are sought to address the economic challenges confronting the New York ballet industry, with the aim of ensuring its sustainability and continued success.