Performance Case Study In this case study. you will need to prepare for an upcoming board meeting from three different perspectives. Overview of Edmonton Opera Read the case "Edmonton Opera's Balanced Scorecard: The Art of Performance" in your coursepack to understand the company's mission, operations, and current challenges. Preparation for the Board Meeting As a group, you must prepare for the upcoming board meeting from three different perspectives. Each perspective requires a report that will get shared with all board meeting attendees two weeks prior to the meeting: 1. Executive Management Perspective: The board treasurer wants a more structured performance management system. You need to create a balanced scorecard or a triple bottom line system with SMART goals in each category and an explanation of how each goal supports the organization's mission or vision. 2. Board Member Perspective: You have been tasked with researching the trends in Canadian opera and proposing at least three changes to operations and/or programming to improve the success of the Edmonton Opera. For each change you need to explain both the benefits and costs. You also need to rank the three changes from highest to lowest and explain your rationale of ranking. 3. Treasurer Perspective: You are expected to give a brief update on the financial status of the organization. Not all board members are fluent in reading financial statements, so it is imperative that you interpret the most relevant trends in both the horizontal and vertical analysis. You may also include ratios that are relevant, but you must explain their relevance to decision making for the Edmonton Opera. You are expected to give a brief update on the financial status of the organization. Not all board members are fluent in reading financial statements, so it is imperative that you interpret the most relevant trends in both the horizontal and vertical analysis. You may also include ratios that are relevant, but you must explain their relevance to decision making for the Edmonton Opera. Format: Board members are very busy so you must be intentional in formatting your reports, so they are easy to read. Use visual aids such as graphs, tables, and diagrams to make your point clearer. Remember to use persuasive language, clear headings, and data to support your ideas. Use your Business Report Style Guide from your business communications course for more formatting ideas. All aids must be uploaded to D2L by 11 am on October 16, prior to your scheduled Oral Assessment. Groups will meet with the instructor in person or virtually for an oral assessment using the information submitted. Grading: You will be graded on how well you meet the following requirements: - The performance management system is comprehensive. Includes at least two SMART goals in section. Goals are aligned with the vision and mission of Edmonton Opera. (Module 4) - The recommended changes show the ability to research trends, prioritize information, and create appropriate solutions that are strategic and appropriate to be discussed at a board meeting. - Demonstrates the ability to compare and prioritize options. - Demonstrates the ability to complete financial analysis and interpret the results that are relevant to board decision making. - Reports show that the difference between the management roles and responsibilities and board members' roles and responsibilities is understood. (Module 5)