Business & How to manage

Essay by homie1University, Bachelor'sA, April 2006

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If in the future I'm ever in a rock band I would have to be crazy to play here in BMCC because it wouldn't be good for business. I wouldn't make any profit so therefore the cash flow wouldn't be too great. If I had to choose what I was providing I would have to say that I would be providing a service because I'm only performing. If I were to sell anything of any sort then I would be providing a product. Usually ever sense I could remember bands in concert have been providing both product and service. In my opinion they would make a little extra cash doing so. I mean imagine selling a $35.00 shirt to a sold out concert of 100,000 people and that they would all buy a single shirt that would be 350.000 dollars. That my friends is a lot of money.

In my personal opinion I think that the management function is not more or less important than the marketing function for my band.

Both functions are important for the band. The band needs a management plan that focuses on organizational structure, production, and human resources. The organizational structure is helpful so that the members of the band can know what their roles and responsibilities are, and to help estimate that salary each member will be getting paid. The band would also need a production plan so that there can be a proposed design and layout of the facilities available for the band and the amount of space available as well. The production plan would also help estimate the cost of all the machinery or equipment that needs to be purchased. There would also need to be a work environment that will motivate the band members. It would have to be a fun...