Buddies is a charitable organization that sponsors group activities and provides

Question

Buddies is a charitable organization that sponsors group activities and provides adult companionship for troubled youths from single-parent families. Buddies screens, trains, motivates, and supervises the adult volunteers, who are paired with children referred by local agencies and by parents concerned with their children’s future. The organization provides a service that can augment any professional help a child may be receiving. But its main role is one of prevention by providing a meaningful adult relationship for a child before the child becomes a severe parental or societal problem. Buddies is a nationwide organization that began in 1913 in Pierre, South Dakota, and there are over 300 local agencies throughout the country with the parent office, Buddies Regional, in New Jersey. Buddies Regional provides support in establishing and administering local programs, but each agency is responsible for raising its own funding.

The Bayou Land branch in Lafayette, Louisiana, was started only five months ago and has an operating budget for the current year of $60,000. The budget is modest by most standards but will be hard to achieve given the newness of the organization and the drop in crude oil prices that has hit Lafayette especially hard. About 30 percent of the necessary funds will come from the Acadiana United Appeal, and the remainder from a government grant, some fund-raising events, and donations.

The Importance of the Dance

The final event planned is a dance that the organization hopes will raise $8,000; which is the projected yearly deficit. Although eliminating the shortfall is an important objective, there are other reasons why the dance needs to be successful. The Acadiana United Appeal has made it clear that it wants local agencies to establish their own fund-raising scheme in which it matches every dollar in profit generated by an organization. Buddies Regional also encourages its local agencies to develop their own fiscal base. A number of studies have found that agencies that rely heavily on outside monies tend to stagnate, in the past due to the restrictions that often accompany such monies. Nationwide, United Appeal has been known to oversee quite strictly the running of organizations that it funds heavily. It is precisely this type of rigidity that Buddies Regional wants to avoid by encouraging local units to raise a large proportion of their budget on their own. And although the Acadiana United Appeal has in the past adopted a policy of minimum intervention, one can never be sure when this philosophy might change. Finally, a successful event would raise the statue of Bayou Land’s organization. Buddies Regional would raise the agency’s classification from an agency-in-formation to a provisional agency, which would enable more children to be served.

Tickets for the dance will be sold at $50 per couple, and the sale of drinks should net $10 per couple. The dance will be held at the Breau Bridge Music Hall, which has a ballroom seating 300 couples. Billy Delacroix, a manager at the music hall and a member of Buddies’ board of directors, has arranged for the owners to donate the ballroom. Hors d’oeuvres will be provided at a cost to Buddies of $5.00 per couple, and the $500 will cover labor and miscellaneous expenses. The only other expense is the cost of the band, whose selection is generating some controversy among the dance organizers. The choice is between the Mamou Playboys and the Red Stick Ramblers. Both plan the same type of music, a mixture of zydeco and Cajun music. The Mamou Playboys, however, will cost $6,000, the Red Stick Ramblers only $3,000.

Some Arguments for Each Band

Supporters of the Mamou Playboys believe that this band will increase ticket sales, and they cite the band’s 15 years’ experience and recognition among the 30-45 years old age group, the target population of the dance. These individuals also believe that a long view is appropriate. “We can’t just look at one year, “They argue, “But will also have to consider the impact of our decision on future dances. The Mamou Playboys will set the tone for the event and increase its future popularity. This is especially relevant if the United Appeal implements its matching scheme on any money raised by a charity from an event such as the dance.” Finally, they point out that if the Mamou Playboys were selected it would be a “big deal” for Lafayette and the dance would receive more publicity, this benefiting the Buddies organization. They cite this as an intangible factor that should not be ignored.

Supporters of the Red Stick Ramblers agree that the Mamou Playboys are the better band but question whether the Mamou Playboys will generate enough extra sales to make up the increased cost. Both sides feel 200 tickets will likely be sold even if the Red Stick Ramblers are selected, but there is some concern that the dance tickets will not sell as well as expect. “After all,’ says Bill Fabre, an accountant by profession, “there is a recession out there. The $50 ticket price may be a bit steep for this town, especially in view of the declining price of oil. Let’s be realistic and admit we may not be able to sell 200 tickets. The Mamou Playboys increase the overhead and the Buddies can’t afford to take a loss on this dance. Eliminating the deficit has to be our number one priority. There is just no slack in our budget, and any shortfall may will have to come out of the salaries for the staff, which would not only be unfair but would also be bad business. In short we simply do not have the luxury to worry about the future. Let’s get by this year and then concern ourselves with future dances.”

Supporters of the Red Stick Ramblers do admit that any additional publicity from using the Mamou Playboys would benefit Buddies. They are not convinced, however, that the Mamou Playboys would be best for the organization in the long run. Hopkins points out that two local philanthropists ‘have their eye on our agency.’ She believes that these individuals would “bail us out” in the event of a shortfall. “But,” she cautions, “they would be much less likely to support us in the future.” Hopkins is convinced that if Buddies can stand on its own this year, these philanthropists will be generous in coming years since “they admire agencies that try to be self-supporting.” She agrees with Fabre that he Red Stick Ramblers make more sense, though she believe that Fabre is too pessimistic about ticket sales. She wonders, however, whether the price should be lowered to $40 per couple. “Perhaps,” she speculates, “we can more than gain on volume what we would lose on the unit price.”

After much discussion all agree it is highly probable that 200 ticket can be sold even if the Red Stick Ramblers are used and that 150 is the absolute lower limit. It is also estimated that lowering the price to $40 will increase sales by 20 to 40 tickets.

Questions

8. Suppose the dance organizers were sure that 270 tickets could be sold at a price of $50 regardless of the band used. How would this affect the choice?

9. How would knowledge of the demand curve for each band be helpful for the determining which group to use and what price to charge?

Explanation / Answer

Successful Futures(Warren, Michigan)
situated in 1994 by way of Sam Cupp, a totally successful entrepreneur, successful Futures' mission is to be an award-winning group that conjures up and prepares young persons to be successful via existence advantage applications and mentoring relationships that focus on persona values identification, purpose setting, and strategic planning. The curriculum serves grade three by way of grade 12 youth, and includes mentor coaching manuals and partner workbooks. Each and every mentor is matched with two to a few pupils who they inspire and help in the course of the university year. Scholars complete a profile sheet prior to the of the application, and the profile sheets, teacher ideas, and the mentor's utility and interview are used to make matches. The mentor's and companion's personal life experiences, profession interests, personalities, and events are assessed to determine suitable matching. All expertise mentors participate in an orientation the place they be taught normal knowledge about successful Futures. After this orientation, talents mentors decide on if successful Futures is the right mentoring software for them. If not, profitable Futures helps refer them to a mentoring application that could be a higher match. As soon as a character has dedicated to mentoring and handed all historical past checks, mentors attend a 3-hour coaching. At each and every application website online, a lead facilitator manages 20 one-hour mentoring classes in the course of the institution 12 months. The facilitator recruits, supports, and encourages mentors, maintains confident relationships with the institution, and provides help to students. The facilitator partners with the lecturers, school directors, and dad and mom to be certain program success and build an effective basis for future years.
Every week, mentors and pupils meet in a colossal study room with the facilitator for one-hour. Every mentoring workforce (one mentor matched with three scholars) sits at their own desk to create privacy. At every session, based on successful Futures' workbook and coaching guide, the facilitator offers a five-minute lesson on the topic of the day. Utilizing successful Futures' workbook and supplemental activities, mentors lead all events with their pupil partners which include crew discussions, hands-on routine, written workout routines, and pupil shows.
Examples of mentoring themes encompassed in successful Futures' workbook and being offered at applications incorporate: assessing private strengths and weaknesses, establishing a robust individual network, making choices founded on private values, overcoming future obstacles, and creating a 5-yr vision and goal.
In 2005, over 200 earlier individuals within the application have been surveyed. At the least ninety% of those adults, now in the team of workers and college, stated they continue to set goals, comprehend their values, work better with others, have a constructive angle, and are extra self-reliant and triumphant because of the abilities taught in this application. Many scholars weren't university certain once they entered the application, but ninety% stated that they pursued and/or accomplished schooling past excessive institution. The 2007-2008 college year review confirmed that over 80% of student contributors acknowledged they have a extra positive view of life now. Due to the fact that of their relationships and experience with mentoring, pupils additionally recounted they think extra confident and able of achievement than earlier than. Socially, students realized to arrive out to one a different and 89% mentioned that they made new neighbors even as in successful Futures using winning Futuresâ workbook, the mixture of equipped structure which teaches primary lifestyles talents even as also offering a mentor for students to speak to, speak in confidence, and study from is victorious and pleasant for students. In fact, 100% of students acknowledged they will recommend profitable Futures to their buddies. (profitable Futures' curriculum, scholar workbooks and mentor handbooks are available to buy. The pupil workbook which supplies arms-on, valuable pondering, planning, and purpose-atmosphere activities professionally designed to build scholars' existence talents and self assurance is $10.00. The Mentor training guide which entails pastime aid, suggestions, modifications, and legitimate evaluation substances is $50.00. Buy entails further mentor training templates, support materials, or professionally developed analysis instruments.

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.