This certainly fits my own totally non-empirical impressions. I also have the impression that some such organizations, after years of inertia and once they get into serious trouble, will sometimes overreact in panic and veer off in completely new directions (plans, policies, management changes, etc.) without thoroughly thinking through the implications or even whether they have a likelihood of working.
[T]here are creative solutions to problems that have yet to be tried yet because of the inherently slow-to-change nature of large-scale arts organizations
(Bart this is part of Jeff Edwards's point; I will try to summarize it soon).
So far we're talking about the U.S. How about the "business" situation in other countries, especially those with different structures of funding?