New Stage Theater Self Actualization Paper

In my opinion, self-actualization motivates Cashion to work in New Stage theater. Self-actualization refers to people being acknowledge that they are skilled, experienced and educated to make difference, grow, achieve their goal and self-fulfillment (Robbins & Judge, 2016, p.185). Cashion is confident that he is skilled and has a great experience that can be used to improve the organization profitability and make improvement. Having the sense of achievement is strongly motivates Cashion to work at New Stage Theatre because it is the place where he can use his knowledge and make a huge achievement.

Should expenditure and revenues be accumulated on a show-by-show basis? Why might the management of New Stage not prefer to accumulate financial

By reviewing the previous years, Cashion would be able to forecast the future trend whether it would grow, decline or maintain the same as the previous years. The theatre has three sources of income: earned, unearned income and other revenue. The earned income includes single ticket sales, subscriptions, program advertising, interest and other revenue. Single ticket sales, subscription, and other revenue increased from 1990 to 1992. It can be predicted that they would continue to increase in the future. Cashion reached to this conclusion by reviewing past data, comparing their shows to similar shows in other theatre and analyzing the impact of the economy on the theatre. Grants had been fluctuated. In 1990, the organization earned 39,550. In 1991, the grant increased to 42,535 and the following year decreased. In 1993, they are expected to get $ 42,000. It is argued that getting grants depends on the economic status. This budget might be based on analyzing the economy and predicted that it would improve in 1993 and would be similar to

From analyzing the income statement, staffing expenses had increased to $277,17 and it predicted to continue increasing in 1993. This requires New Stage theatre to change its strategy and work on reducing employees’ expenses. Joseoh (2017) discussed some of the strategies an organization can implement when having a profit loss which is “loss prevention strategy.” It refers to reducing the organizing expenses such as reducing employees’ investment which include reducing training and compensating and rewarding employees (Joseoh,2017). Because of the loss profit, New Stage theatre might change its management style by hiring employees, conductor and director that cost less money or reducing their