BoAt Lifestyle (boAt), a digital-first consumer products company founded in New Delhi, India, by Aman Gupta and Sameer Mehta in 2014, had launched its first products (wired earphones and headphones) two years after a thorough market study. Over time, the company had entered various high-growth consumer lifestyle–focused product categories, offering its products online at affordable prices. It then attempted to move into the offline market, adopting an omnichannel strategy to engage with a larger customer base and increase its profitability. Despite tough competition from similar brands, it managed to build a reputation among its customers. However, customers and investors were less than happy with its strategy to procure most of its products from China and questioned the high valuation in its initial public offering. To add to the company’s woes, sales its own online and offline channels were not satisfactory. At the end of January 2022, the company was facing an important question: What should boAt do to maintain its growth momentum, appease investor’s patriotic sentiments, and expand sales from its own channels? Which of these challenges should be its priority in the short-run?
Fastech Fashions Private Ltd. was founded in Rourkela, India in 2017 with the goal to elevate the livelihoods of traditional Odia weavers. By 2022 the company had experienced notable success, focusing on T-shirts, school uniforms, traditional handicraft products, professional attire, and athleisure. However, tension between the investors and one of the owners grew when the owner's commitment to reinvesting in weavers for broader societal impact interfered with the company's profits. Balancing profitability and philanthropy became a critical challenge. The emotional and logical complexities of decision-making had to be made while under constant pressure from investors. Strategic choices needed to be considered, as well as the delicate balance between business success and social impact.
The loss of the lease at their Michelin-starred Cyrus 1.0 in Sonoma County, California gives the partners an opportunity to shut down and rework a "broken" business model, one with labor intensive experiences six or seven nights a week, high burnout, high turnover-especially in the back of the house, low profits, and a lack of work-life balance. The case illustrates a novel planning process centered around (1) rethinking a gourmet dining experience using a model of how people entertain at home and (2) defining what people hate about something (in this case their jobs) and using that as a basis for describing an ideal solution before considering how to get there. The planning process still has to deal with the issues of work-life balance and how to achieve a three-day weekend for everyone and still reward investors.
The objective of improved work-life balance is achieved. However, it prompts a discussion of whether management should take on special events during what is now a long weekend in order to improve the bottom line even more. The case raises questions about other businesses to which the Cyrus planning process and profit model can be applied.
BoAt Lifestyle (boAt), a digital-first consumer products company founded in New Delhi, India, by Aman Gupta and Sameer Mehta in 2014, had launched its first products (wired earphones and headphones) two years after a thorough market study. Over time, the company had entered various high-growth consumer lifestyle-focused product categories, offering its products online at affordable prices. It then attempted to move into the offline market, adopting an omnichannel strategy to engage with a larger customer base and increase its profitability. Despite tough competition from similar brands, it managed to build a reputation among its customers. However, customers and investors were less than happy with its strategy to procure most of its products from China and questioned the high valuation in its initial public offering. To add to the company's woes, sales its own online and offline channels were not satisfactory. At the end of January 2022, the company was facing an important question: What should boAt do to maintain its growth momentum, appease investor's patriotic sentiments, and expand sales from its own channels? Which of these challenges should be its priority in the short-run?
Fastech Fashions Private Ltd. was founded in Rourkela, India in 2017 with the goal to elevate the livelihoods of traditional Odia weavers. By 2022 the company had experienced notable success, focusing on T-shirts, school uniforms, traditional handicraft products, professional attire, and athleisure. However, tension between the investors and one of the owners grew when the owner's commitment to reinvesting in weavers for broader societal impact interfered with the company's profits. Balancing profitability and philanthropy became a critical challenge. The emotional and logical complexities of decision-making had to be made while under constant pressure from investors. Strategic choices needed to be considered, as well as the delicate balance between business success and social impact.
Christina Stembel, the founder and CEO of Farmgirl Flowers Inc., has always emphasized quality, speed, and efficiency in her San Francisco-based online flower delivery company. Her teams have operated like assembly lines, shipping 10,000 bouquets daily during peak periods, which has ensured competitive pricing. Before the pandemic, Stembel expands Farmgirl Flowers Inc. to Ecuador, and when it is forced to close its San Francisco facility, she shifts all production to Ecuador.Valentine's Day 2023 poses a challenge, as shipping the flowers from South America takes three days, while South American prices are higher due to pandemic-related supply chain issues, ultimately resulting in customer dissatisfaction. Stembel aims to regain competitiveness by bringing operations back to North America. But the questions remain: how and where should this happen?
Soma Solutions was a small consulting firm based in Johannesburg, South Africa. Prior to the COVID-19 pandemic, Soma Solutions had provided face-to-face, on-site information and communications technology (ICT) training on SAP and ERP to state-owned enterprises. However, due to the nationwide lockdown and the need to curb the spread of the virus, the company could no longer conduct on-site training. The state-owned enterprises, its main clients, also had to close temporarily and shift to remote work. The economic upheaval left Soma Solutions facing uncertainty and instability. Despite having operated for only four years, it grappled with the decision to pivot or preserve its existing approach. The challenge was to remain relevant and competitive while navigating evolving norms and limited resources. How prepared was the company to transition to virtual training? What would pivoting look like for the company, and would it help sustain the business post-pandemic?
In 2021, General Motors (GM) announced an ambitious goal to sell only zero-emission cars and light trucks by 2035. This declaration was part of a broader initiative to achieve carbon neutrality by 2040 and was also a highly significant development in the electric vehicle (EV) transition, as no other major traditional automaker had set such a target. Over the next two years, GM invested billions of dollars in retooling, battery, charging, and other EV technologies, securing third place in the EV market as of 2023.This case delves into the strategic challenges facing GM in September 2023. In the time since it embarked on its aggressive EV transition, consumer demand for EVs had not escalated, competition had grown, and financial risks and technical uncertainties loomed.Students are challenged to answer this question: Should GM adhere to its EV goal timeline or modify its strategy?
In 1978, Jaipur Rugs was founded in a small village in Rajasthan, India. Over the next 40 years, Jaipur Rugs developed into a global business with strong social responsibility. Right from the start, the founder looked beyond profits to provide a source of livelihood and dignity of life to thousands of women in rural villages without formal education and no opportunities outside their homes. Over time, Jaipur Rugs grew into an empire that empowered 40,000 women weavers from some of the most economically disadvantaged areas of India. In 2022, Jaipur Rugs was planning to expand internationally, with high acclaim and demand for its products. However, traditional weavers and their families were losing their original motivation. Younger family members of veteran weavers were opting instead for more lucrative opportunities in India's urban centres. With an evolving socio-economic environment across India, how would Jaipur Rugs retain its weavers and attract new artisans?
This case focuses on the efforts of Bavarian Nordic A/S, a Danish pharmaceutical company, to create a new COVID-19 vaccine. Their vaccine is based on a newer technology and has the potential to provide longer-lasting protection than the currently dominant BioNTech/Pfizer and Moderna vaccines. However, the project also faces obstacles related to uncertainty of vaccine efficacy, financing, product positioning, distribution, and access to production infrastructure. Indeed, given the head start of the incumbents’ vaccines, the dominance in this business of large pharmaceutical companies, and the multitude of other COVID-19 vaccines, some wonder whether the company should be going down this path at all.
Danish pharmaceutical company Novo Nordisk was owned by a charitable foundation, and since its founding in the 1920s had focused on producing insulin to treat diabetes. In 2017, however, it released Ozempic, a diabetes treatment with the revolutionary side effect of safe, effective weight loss. As demand in the U.S. reached a fever pitch, Novo faced opportunities and challenges. The case covers the markets in which Novo could expand, the manufacturing shortfalls it faced, the competition that was expected to arise, and the moral issues that came with selling a product that affected so many people worldwide.
While ethics guidelines are abstract, people must apply them to concrete, pressing dilemmas. This requires skill, not just good intentions. How can people learn to wisely put a company ethics guidelines into action? Using real-world lessons from health care leaders, this article outlines three practices that can help decision makers handle tough ethics scenarios. The authors also share four ways leaders can cultivate employees ethical expertise.
Previous technology breakthroughs did not upend organizational structure, but generative AI and LLMs will. We now face a challenge like that of the original railroad operators: how to rebuild an organization around a fundamental shift in the way work is done, organized, and communicated. What is your organization’s vision about how AI makes work better, not worse? Managers must start answering that question. To guide your thinking, use these three principles for reorganizing work around AI.
Digital platforms are often characterized as enablers of new ecosystems. However, platforms are sometimes introduced into pre-existing ecosystems, where a platform's ability to harmonize with the ecosystem is critical for its success. This article draws on the case of digital healthcare platforms and introduces the concept of platform grafting, which denotes the process of integrating a new platform into a pre-existing ecosystem, leading to a coevolutionary process of adapting both the platform and the surrounding ecosystem. Dynamic capabilities are critical for successfully integrating the platform into the ecosystem, and this article provides a capabilities framework for understanding platform grafting.
In Part A, as of April 2017, Austria's RHI, a backward integrated refractory company is still within the midst of merging with the next biggest competitor, Brazil's Magnesita, while weighing options for future growth. Should the company pursue organic growth options and if so, which ones? Or should the company embark upon another major merger with the market leader, the UK's Vesuvius? Given anemic growth rates in the refractory industry and an aggressive consolidation plan by the Chinese government to create a global refractory giant, the newly installed CEO, Stefan Borgas, is debating the best way forward: organic growth or another major merger? In Part B, as of August 2018, the successfully merged enterprise, RHI Magnesita, is thinking through the next move on their growth path. Should the company diversify into adjacent product types such as high-temperature insulation (HTI) and/or advanced ceramics (AC)?
This case explores the complexities and challenges that can arise when evaluating a job offer that involves a potential conflict between an individual's passions and their professional prospects and personal relationships. In January 2023, Stephanie MacLean, a recent business school graduate, faced a challenging career decision. She had received a job offer from Hockey Canada's Public Relations (PR) division for what she had initially regarded as her "dream job." However, after revelations in the news regarding the organization's history of sexual assault, she now had reservations about taking up the offer. While tempted by the opportunity to combine her passion for sports and her interest in PR, MacLean feared potentially alienating her social and professional networks, damaging her personal reputation, and limiting her career trajectory. It was Friday, and MacLean needed to make a decision over the weekend.