Yuser Inc. (Yuser) was a young Canadian start-up based in London, Ontario, and focused on developing a gamified media sharing mobile application to help connect businesses with influencers. Yuser’s co-founders had released a marketable version of their app at the end of 2019, and in 2020, the company had nearly exhausted its seed funding. Yuser’s top priority at this time was to secure outside funding to grow the company fast without breaking it. The available options for funding consisted primarily of three sources: venture capital, equity crowdfunding, and token issuance. As each funding option had its own benefits and drawbacks, Yuser’s co-founders had to determine which option or combination of options would work best for their company.

This case is the first of a two-part series that follows Ramez Sousou and his team at TowerBrook Capital Partners as they face a challenging investment decision in February of 2013. Since its founding, TowerBrook has prided itself on its purpose-driven investing philosophy and responsible ownership practices, seeking to incorporate these ideals in each step of the life cycle of a deal. Thus, the TowerBrook investment process extends beyond financial returns and consideration for the bottom-line. This investment decision was a tough one: some TowerBrook team members were excited about the company's growth potential, while others were concerned about the optics of its social impact. Overall, this case can be used to understand how private equity firms are integrating ESG considerations into their decision-making processes.

This case is the second of a two-part series that follows Ramez Sousou and his team at TowerBrook Capital Partners as they face a challenging investment decision in February of 2013. It is intended to be distributed at the end of the discussion of "TowerBrook: ESG in Action (A)" (HBS No. 221-046). This case describes the outcome of the investment decision and the steps that TowerBrook has taken since 2013 to systematically address ESG considerations across the life cycle of their deals. It also discusses TowerBrook's B Corp certification process.

In 2020, Jennifer and Corey Feist started the Dr. Lorna Breen Heroes' Fund in memory of Jennifer's sister. As the head of the emergency department at a Manhattan hospital, Lorna Breen had treated patients at hospitals overwhelmed by the COVID-19 pandemic, contracted the disease herself, and then tragically taken her own life. The Feists hoped the fund would bring new attention to the desperate need for improved support for health care workers' mental well-being. Now in late summer, it is garnering significant, and increasing, support. The Feists plan to turn the fund into a foundation, but they face decisions about how to accept donations, follow up with donors, and avoid duplicating the efforts of other organizations. Their challenge is to crystallize a long-term mission while maintaining the current fundraising momentum stemming from the media attention surrounding Breen's death. Through this case, students will grapple with difficult issues, including mental health challenges, burnout among health care providers, and suicide. Students also will learn about the challenges of starting a nonprofit and its lifecycle. Finally, they will be able to put practice into action and flesh out the mission for a nonprofit.

In 2020, NEC focused on providing advanced IT, network, and data solutions, including cloud computing, AI and machine learning, Internet-of-Things platforms, and 5G networks as well as communication equipment installations. An award-winning company, NEC ranked fifth in the world in AI-related patents. The case study describes NEC's pathway towards accelerating in-house innovation, and commercializing what its global labs had invented. In 2013, the company established a Business Innovation Unit (BIU) to boost in-house innovation, and tap into the sense of urgency, risk-taking, and promise of rewards that helped drive technology start-ups elsewhere. In 2018, the BIU formed a Silicon Valley subsidiary called NEC X to structure a new "inside-out" accelerator. By 2020, two start-ups had graduated from the program, and others were well underway. Could NEC X become a trailblazer, creating new standards and processes for "inside-out" accelerators?

Brazil experienced several years of extraordinary economic growth and social development from 2003 to 2014. However, economic and political stability collapsed in 2016, leaving Brazil with the worst economic crisis of its history and a significant political crisis. The case offers a broad perspective of the economic and political structure of Brazil to understand the political and economic conditions necessary for sustained growth and development in Latin America and a BRIC country with a democratic political regime where there are different political forces and electoral and political cycles.

This is a two-part case. Case A is set in October 2018, when Zenn Lee, Senior Analyst at a Shanghai-based securities brokerage, was working on the investment advisory to his clients on Kweichow Moutai (KM), the maker of the super-premium Moutai brand of baijiu, a Chinese spirit. The day before, KM's share price had hit the 10% daily limit down and wiped out US$9.3 billion from its valuation. The Moutai brand commanded a premium price in the market because of its iconic image as the 'national drink', its distinct taste, and five-year-long production process that kept the supply depressed against the incessantly soaring demand. In 2012, the Chinese government's 2012 austerity measures had stymied KM's momentum, but by 2017, KM had managed to recoup its revenue growth by adjusting its marketing mix. The comeback was extraordinary; it overtook Diageo to become the world's most valuable liquor company. By 2018 third quarter, KM's prospects had grossly diminished due to the US-China trade spat, economic slowdown, and dampened consumer sentiments. The situation was exacerbated by graft allegations, the government's intervention in pricing matters and a likely tax on alcohol consumption. With the lowest sales growth since 2012, KM's third-quarter results shook its stronghold, and its share price plummeted. Lee speculated on the options ahead of KM to turn around its fortunes - How could it further its revenue and thereby its profitability? Should it pursue opportunities overseas? Case B is set after the 2019 results of KM, when sales had expanded that year by 15.5%, and net profit had increased by 17%. Though not yet matching the level of its pre-2012 growth rate, it was a satisfactory growth rate that had defied the gravity of the broad-based slowdown and dampened consumer sentiments. Lee had to give, once again, his rating for KM's stock, and he wondered what fundamentals were driving the sales of Moutai regardless of the broader economic realities.

This is a two-part case. Case A is set in October 2018, when Zenn Lee, Senior Analyst at a Shanghai-based securities brokerage, was working on the investment advisory to his clients on Kweichow Moutai (KM), the maker of the super-premium Moutai brand of baijiu, a Chinese spirit. The day before, KM's share price had hit the 10% daily limit down and wiped out US$9.3 billion from its valuation. The Moutai brand commanded a premium price in the market because of its iconic image as the 'national drink', its distinct taste, and five-year-long production process that kept the supply depressed against the incessantly soaring demand. In 2012, the Chinese government's 2012 austerity measures had stymied KM's momentum, but by 2017, KM had managed to recoup its revenue growth by adjusting its marketing mix. The comeback was extraordinary; it overtook Diageo to become the world's most valuable liquor company. By 2018 third quarter, KM's prospects had grossly diminished due to the US-China trade spat, economic slowdown, and dampened consumer sentiments. The situation was exacerbated by graft allegations, the government's intervention in pricing matters and a likely tax on alcohol consumption. With the lowest sales growth since 2012, KM's third-quarter results shook its stronghold, and its share price plummeted. Lee speculated on the options ahead of KM to turn around its fortunes - How could it further its revenue and thereby its profitability? Should it pursue opportunities overseas? Case B is set after the 2019 results of KM, when sales had expanded that year by 15.5%, and net profit had increased by 17%. Though not yet matching the level of its pre-2012 growth rate, it was a satisfactory growth rate that had defied the gravity of the broad-based slowdown and dampened consumer sentiments. Lee had to give, once again, his rating for KM's stock, and he wondered what fundamentals were driving the sales of Moutai regardless of the broader economic realities.

Second-generation hawker Melvin Chew decided to set up the Hawkers United - Dabao 2020 Facebook group after the Singapore government announced that dining in at hawker centres, and all other food and beverage (F&B) establishments would be banned, following the imposition of the circuit breaker (partial lockdown) on April 7, 2020, in view of the worsening Covid-19 pandemic in Singapore. The group would allow hawkers to post their offerings, promotions, and takeaway or delivery options. Customers could also join it to pre-order food from these hawkers. The key reasons for Chew's decision to start the Facebook group included his desire to help his fellow hawkers, the need to devise alternatives to food delivery platforms that charged prohibitive commissions, and the necessity to save the hawker trade. There were however several barriers preventing hawkers from going digital, such as practical difficulties encountered when trying to adopt digital tools, as well as digital and verbal illiteracy among the more elderly hawkers. Nonetheless, various players in the ecosystem like the government, delivery platforms and software developers have stepped in to help coax hawkers to embrace digitalisation through various initiatives.

Recent research provides clear evidence that some people do indeed make better interviewers than others. Using a simple methodology, you can identify your best interviewers to help decrease hiring expenses, increase the quality of new hires, and reduce employee turnover.

In April 2018, the two co-founders of SafeMotos, a motorcycle taxi service in Rwanda, in Central Africa, were examining their expansion plan. Their start-up had not yet become profitable, but they were already making plans to expand into the neighbouring Democratic Republic of the Congo. They were also driven by the larger goals of replicating their tried and tested growth model in other cities on the African continent and moving quickly into the underserved city transportation markets of Asia and the Far East. As they reviewed their four-year experience of working in Africa, they were facing a singular question: What should be the roadmap for scaling up their ride hailing service?

In early 2020, the founder and operator of Ramon Film Productions-known familiarly as Wakaliwood-needed to manage the tensions of operating as an informal movie production company in a slum in Uganda's capital of Kampala. Although Ramon Film Productions had received much international acclaim for its ultra-low-budget action movies, the company was under increasing pressure from the local authorities to formalize, by obtaining new operating licences and complying with stricter regulations. The founder needed to weigh the costs and benefits of continuing to operate informally, compared with formalizing his business.

yourtown was an Australian non-profit organization offering a variety of services to children, young people, and families, supported by a range of stakeholders including federal and state governments, corporations, and, most significantly, members of the public. It was best known for its art union initiative in which supporters bought tickets to a raffle for luxury homes and automobiles. In 2016, the organization rebranded from BoysTown, which at the time had awareness levels of 60 per cent in Australia. Now, in 2017, yourtown had an awareness level of only 10 per cent. Had the rebranding been the right move? Had it been too slow? Was it possible to regain past awareness levels or even exceed them?

Robert Unanue, chief executive officer (CEO) of Goya Foods, the largest Hispanic food company in the United States, came under criticism on July 9, 2020, when as an invited guest at the White House, he praised the US President. Upset community members boycotted Goya products. Supporters of the US president, on the other hand, began to buycott. Experts mentioned that weighing into political opinion before the 2020 US presidential election was a bad business decision for any corporate entity. Was Unanue wrong in sharing his opinion? What could the possible impact of the boycott be on Goya's revenues? What should Unanue do to manage the company's reputation?

Juhi Warrier was a successful human resources (HR) professional with almost two decades of work experience across various industries. She had recently joined the Indian unit of Revital Pharma Inc. (Revital), a leading healthcare manufacturer based in the United States. Heading talent acquisition (TA), Warrier was hired to bring in a fresh perspective and drive change. As only the third female among the 200 leaders in senior management roles, gender diversity was among the top goals on her agenda. However, she was in for a shock, as not only did her ideas for revamping the TA process find no takers but she also had a hard time gaining acceptance as a woman who was a senior leader on the team. The case describes the challenges faced by Warrier in championing the diversity agenda at Revital, while navigating the personal battles of gaining acceptance as a leader. Various incidents described in the case reveal the gaps in the system and the ingrained biases in the company culture. As Warrier works through the system, she is often forced to compromise on her diversity goals. Warrier now faces the dilemma of whether she should re-evaluate her goals or keep striving for equal opportunities in the TA process. What can Warrier do to succeed as a leader and build an inclusive workplace?

In April 2018, the two co-founders of SafeMotos, a motorcycle taxi service in Rwanda, in Central Africa, were examining their expansion plan. Their start-up had not yet become profitable, but they were already making plans to expand into the neighbouring Democratic Republic of the Congo. They were also driven by the larger goals of replicating their tried and tested growth model in other cities on the African continent and moving quickly into the underserved city transportation markets of Asia and the Far East. As they reviewed their four-year experience of working in Africa, they were facing a singular question: What should be the roadmap for scaling up their ride hailing service?

In early 2020, the founder and operator of Ramon Film Productions—known familiarly as Wakaliwood—needed to manage the tensions of operating as an informal movie production company in a slum in Uganda's capital of Kampala. Although Ramon Film Productions had received much international acclaim for its ultra-low-budget action movies, the company was under increasing pressure from the local authorities to formalize, by obtaining new operating licences and complying with stricter regulations. The founder needed to weigh the costs and benefits of continuing to operate informally, compared with formalizing his business.