This case study follows the journey of William Shum, who left his banking career to pursue his passion for watchmaking by establishing Memorigin, a brand specializing in tourbillon watches. The case explores how Memorigin competes with well-established luxury watch brands by creating unique, culturally inspired designs and collaborating with global franchises such as Marvel and Star Wars. Students will learn about consumer motivation, the importance of culture in marketing, and the role of brand and design partnerships in creating competitive advantages.
A cup of Starbucks was a middle-class symbol in China. Since the opening of its first store in China in 1999, Starbucks had conquered the Chinese coffee market with its experience driven philosophy. Nonetheless, a few ambitious and well-funded Chinese tech entrepreneurs had decided to challenge Starbucks. Founded in October 2017, Luckin Coffee expressed a desire "to be part of everyone's life, starting with coffee." Leveraging its core competence in technology and a business model focused on delivery and heavy discounts, Luckin scaled up rapidly. By 2020 it operated more stores in China than Starbucks. But Starbucks was responding to the new threat, forging an alliance with Alibaba backed Ele.me. In this situation, what should both firms do to do to win the war for China's coffee consumer?
This case study is based on a Hong Kong technology start-up, Morllex (Morllex is a disguised name of a real company), specializing in chemicals for the electronics industry. The company received substantial private funding, as well as funding from a government-backed incubation program, Hong Kong Science and Technology Park. The three founders encountered conflicts in various strategies, including relationships with the two non-executive shareholders, several key suppliers such as a marketing consultant, and a China sales agent. There were substantial pressures to build sales and marketing traction and ensure timely delivery of the product to distributors. Over two years, the three founders and two non-executive shareholders (all anonymized here) had nurtured Morllex from an award-winning concept to a market-ready product. Yet, the partners struggled to reach an agreement on some major decisions, such as whether to register the business in Shenzhen or Hong Kong. Also, the partners had an ongoing debate about whether to manage marketing and distribution in-house or to outsource it. One partner favored the former option while the other partners had a different point of view. These conflicts left the founders questioning the future of a company in which they had believed so strongly and invested so much time and energy. In this case study, students will play the roles of the founders and shareholders. The case is designed to set up conflicts among the players to teach students how hostile team dynamics can make inherently solvable problems intractable.
Guanxi, political connections in China, can provide unique competitive advantages, but can expose business leaders to regulatory and political risks in the region. The fictional case focuses on how U.S. banks in Hong Kong, a major financial center for the Chinese market, are pinned upon the horns of a dilemma. Banks can abide by the letter of the law and not win any business; alternatively, they can break the law, in spirit if not actually the letter, and win business at the cost of incurring legal jeopardy and possibly violating one's own sense of morality by hiring the children of well-connected senior management of a Chinese business who can direct substantial mandates to the employers.
While Samsung remains one of the largest and most profitable companies in the world, it is facing a need to re-invent itself. Chinese competitors like Huawei have benchmarked Samsung's business model, taking market share away from Samsung's core smartphone business and compressing its margins. To stay ahead of these competitors, Samsung has been transforming itself into a Silicon Valley entity that aims to create new markets for new product categories. In order to take advantage of Silicon Valley and its rich innovation ecosystem, however, Samsung must overcome strategic and organizational challenges. This case examines Samsung's traditional strengths as a technology manufacturing powerhouse and its emerging strengths as an innovator, and challenges students to leverage both strengths in re-imagining Samsung.