Östman, Lars () (Dept. of Business Administration, Stockholm School of Economics)
Abstract
In September 2006, the book Lysande ögonblick och finansiella kriser (Splendid Moments and Financial Crises) was published. In large part, it is a narrative about the Royal Dramatic Theatre in Stockholm during the 20th century: about actors, productions, attendance, relations to the audience, critics´ views and physical resources, dealing especially with financial processes and their importance. It is a systematic description of a long chain of events and situations, manager by manager. In the paper below, there is a summary of the theatre´s story from an economic point of view. Of course, this story is unique in several respects but many classical control issues and general tendencies are also present. Thus, the description of this specific case is the vehicle for discussing financial control mechanisms of overall importance. In particular, the issue of time as a vital variable is addressed. The analysis pinpoints specific events, but also the contexts over time to which they belong. It emphasizes that the resource issue for an organisation involves a dynamic problem; that is the underlying character even if it appears in the form of financial crises on certain occasions. It also demonstrates a long-range interaction between outer and inner processes and, moreover, conflicts of interests.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Length: 31 pages Date of creation: 11 Jan 2007 Date of revision: Handle: RePEc:hhb:hastba:2007_001
Contact details of provider: Postal: The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, SE 113 83 Stockholm, Sweden Phone: +46-(0)8-736 90 00 Fax: +46-(0)8-31 01 57 Email: Web page: http://www.hhs.se/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Helena Lundin).