Buckeye Chiller Systems and the MicroFin Joint Venture

內容大綱
Buckeye Chiller Systems and International Steel Corporation formed MicroFin Incorporated in 2017, in South Carolina, United States, as a joint venture to produce tubing for industrial chillers. After four years of losses, the chief executive officer of Buckeye had lost patience with the joint venture. He gave his chief operating officer until the end of March 2021 (less than three weeks) to turn around MicroFin or dissolve the partnership. With no chance of making money in the short term, the chief operating officer focused on three options for terminating the joint venture. Time was running out, and something needed to change.
學習目標
This case can be used in a strategy or operations course for senior undergraduate or graduate students. The case asks students to consider the nature and purpose of joint ventures and their structural limitations. Students then consider the reality that most joint ventures eventually fail, but that terminating a joint venture is often more complicated and more expensive than forming one. After working through the case and assignment questions, students will be able to<ul><li>identify the characteristics of a joint venture;</li><li>describe how contributions to a joint venture change over time;</li><li>identify the points of conflict in a joint venture; and,</li><li>examine the implications of terminating a joint venture.</li></ul>
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