Jelly_Block
New Member
Irish bands are under pressure as never before. In all venues, bands today operate in a constantly changing environment – changing technology, changing competitors, changing customer demand. All too often, failure to manage change results in underperformance and increasing financial pressure.
Added to the pressure of change are adverse currency movements, rising interest rates, the possibility of strategic errors - any or all of these can plunge a company into serious financial distress. Whether these factors occur in isolation or converge, they typically trigger a host of problems, including underperformance, declining earnings, and liquidity and cash-flow blockages, inevitably resulting in pressure from stakeholders.
In extreme cases, the band may face insolvency, resulting in the demise of the band, with serious consequences for over 40 fans.
Added to the pressure of change are adverse currency movements, rising interest rates, the possibility of strategic errors - any or all of these can plunge a company into serious financial distress. Whether these factors occur in isolation or converge, they typically trigger a host of problems, including underperformance, declining earnings, and liquidity and cash-flow blockages, inevitably resulting in pressure from stakeholders.
In extreme cases, the band may face insolvency, resulting in the demise of the band, with serious consequences for over 40 fans.