The jazz hall of fame
project establishment
The rise of jazz music
an essay based on Rutlands historical case study
Question one
The
named case involves the tough decision of establishing Mr Rutland’s credibility
and the investor’s sentiment on the viability of the establishment of MYMCA
jazz hall of fame. As published in the billboards April 28 a brainchild to
establish a jazz hall of fame is in the center of Kansas investment
opportunities, this comes as a trending idea, however the viability of the
project seems uncertain from records that other cities have tried to establish
such investment options with no success, therefore this project is crowned as a
pacesetter and one of a kind. Mr Rutland undertakes several measures including
hiring professionals to establish the feasibility of this endeavor since he
feels that a deep love of jazz music from the public lacks professional
attachment and aims to venture into the unexploited field that he feels that
the jazz superstars are less exploited on their capabilities as economy
drivers. Mr. Rutland still stands optimistic despite initial market tests that
nullify his optimistic expectations but he believes he doesn’t lose since this
is just but a mission of publicizing the NJHF.
Mr
Rutland identifies the possible location of the hall of fame establishment an s
a region surrounded by thirteen million environs and a rich culture both in
schools that teaches jazz and needs a professional drive to make it a viable
investment. However the location is of major consideration he underestimates
the importance of the location towards the success of the success of the
project and rather dwells on his deep insight and love for jazz, he rather
factors commitment as a major driver of success and believes a dedicated panel
of management is an outright way to the success of the project.
Question 2
The
major stakeholders of the project stands to be majorly the tourists as per the survey since they are willing to
pay $20 annually with an estimated breakeven of $25 annually with a 2%
respondent to break even thus proving the reliability on tourists renders the
project viable with allowable risk.
Question 3
Mr.
Rutland is endowed with managerial skills of communication skills, team
management and scheduling, he is also of great passion, optimism and commitment
towards the success of the project, he however lacks proper planning on
resource allocation, time rationale and rational judgment on establishing the
space for the establishment of the project and rather underestimates the
importance of the most crucial thing. Of the most important skills he is able
to schedule for various undertakings to ensure the greater community and the
stakeholders all become a part of this project and be greased towards success.
Mr Rutland finds that funding can be raised from various sources including the
jazz stars themselves and incorporates the presence of jazz in school
curriculum as a strength towards the success of the project. Mr Rutland,
despite uncertainties on how much and what type of support he can get from the
national association of jazz he still believes that the project is highly
viable, composers like George Gershwin and Richard Rodgers believe that jazz
might benefit more from breaking down distinction between jazz artists and
composers an attribute that I highly recommend mr Rutland to consider.
Question 4
Mr
Rutland, however he tries to incorporate a wide array of stakeholders to raise
funds, he leaves the cost of land, its availability and the importance it plays
towards the success of the project to himself. Mr Rutland lacks credibility in
the sense that he neglects crucial information and rather leaves such
information undisclosed. Mr Rutland
fails to account for the possible threat from other cities in the event that
they establish jazz hall of fame too, he neglects such threat as indicated from
the client’s conclusions and he therefore leaves a loophole for doomed failure.
Mr Rutland proves to be a leader in that his proposal acknowledges the need to
coordinate all the stakeholders and inclusively chooses inductees of reputable
career and emerges competitive in the field. Mr Rutland acknowledges the need
for an executive director wholly to coordinate on raising capital and
accumulating artifacts towards the growth of the project.
Question 5
The
project is set towards a friendly business environment with swing jazz having
the most popularity. The presence of a supporting curriculum, presence of a
team of professionals with degrees in jazz scales the project feasibility and
therefore eradicates the need to grow a nonexistent culture. The presence of
tourists too is a strength that cannot stand undisputed as they were identified
with higher funding capabilities towards the project as they could breakeven
the operational costs at only 2% response rate. The entire spectrum of jazz
fraternity looks promising and unexploited in the right order and therefore
with enough popularizing of the art is a reliable way to gather the above
required customer base.
Question 6
Mr Rutland finds that professional
help is of great help, a virtue that raises his leadership score, however he
should incorporate a variety of strategies towards his decisions to counter the
major drawbacks to his success. Mr Rutland needs to involve the government of
Kansas towards the raising of funds as he stands to be a taxpayer once the
establishment kicks off, he is tasked with the responsibility of including the
greater community of philanthropists who mostly may be lovers of jazz music and
professionals who may be the greatest beneficiaries of the project once
complete. He needs to establish a membership system so as to involve
stakeholders in his project appraisal, he should seek donations from environs,
government, non-governmental organizations and visitors who may be willing to
be a part of the bigger project.
Mr
Rutland’s budget fails to scale the most important aspects, he rather dwells on
management and operational costs and fails to factor land and uncertainties. Mr
Rutland needs to budget for land and establishment of structures above all, he
fails to include advertising as a key tool towards launching of a relatively
new idea of jazz hall of fame and therefore he should note that from the professionals
advice he needs to reach more on tourists and therefore much advertising should
be on his center goals. Mr Rutland finds from the professionals report that the
customer’s age factor is a major consideration towards his success and
therefore he needs to cut across the genre that is more representative of the
general population. He therefore should adopt the swing jazz as it garners the
highest popularity. Moreover Mr Rutland underestimates the threat from
competitors in other cities as tourists are a major resource to him, he should
therefore counter competition be being competitive through additional accompaniments
like jazz classes and additional genres and establishment of a concert hall. He
should inclusively schedule for deadlines and milestones in that time goes and
a rather sluggish momentum renders the competitors with a better edge to adopt
his strategies and being an industry leader he needs to set standards as
competition is a great threat
The
western Virginia visitor’s center should be the most strategic place for Mr Rutland
to get customers and he therefore should use strategic locations like
Charlottesville to attract more tourists and other visitors
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