ABSTRACT
Chapter 6 examines the challenges that orchestras have faced in recent years, which have added complexity to the fundamentals of orchestra management. These challenges include the need for revenue diversification, increased resilience and adaptability, sustainability, addressing issues of diversity, equity, and inclusion, as well as understanding the impact of technology. The chapter offers readers an in-depth analysis of these challenges and their implications for the future of classical music management. It provides practical solutions for the innovative revenue streams available for orchestras to diversify their income sources and maintain long-term sustainability, including renegotiating public funding, increasing fundraising efforts, and optimising financial positions. The chapter also emphasises the importance of diversity, equity, and inclusion in creating a vibrant and sustainable community that reflects the diverse audiences it serves. It examines the significance of crisis management and contingency planning in dealing with unexpected challenges. Chapter 6 offers an insightful perspective on contemporary issues critical for any student or manager seeking to navigate the changing landscape of the classical music industry.
