Mcmeil Museum

In the last power of the case study, the staff of McNeil Museum brought go forth some plectrums to solve the monetary problem with iii-year consecutive yearbook loss. To McNeil Museum, financial problems are not the most crucial to a not-for-profit corporation. Instead, the most critical problem is how to allocate budget in order to keep its promise and improve its values to the generations of Fannel County citizens and visitors. The followers are some analysis to the options mentioned in the case.
First option noted by Pate is the cost reduction by 10 percent in personnel and administration expenses. From its three years income statement, administration and personnel costs represented the largest part of operating expense to the museum. As Pate said, if it is possible to clip 10 percent, which means a reduction of around $580,000 in 2005, it sounds pretty effective to improve its financial status. Reducing the outwear force, however, it is able to cause negative effects to the museums cathexis and damage its values to the community. Because the employees are responsible for education programing, and personnel and administrative supports for museum operations that directly involve the artwork, pretermit of labor force negatively influences the quality of the services and disadvantageously violates its mission to the community.



Because they need to increase members, it is unreasonable to cut prevail over labors.
Second option is to implement $1 admission slant and membership at $30. In the case, it said the MMA had always prided itself on free access. Even though $1 is very brusk in money value, how do you think this extra billing to the local citizen and visitors who visit the museum frequently? The purpose of the MMA is to provide an inviting fit for the appreciation of art, so people skill easy have negative feeling to this extra admission fee. They might think the MMA is starting to focus more on revenue, financial parts rather than their mission and...If you want to get a full essay, order it on our website: Orderessay



If you want to get a full essay, wisit our page: write my essay .