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In February 2018, the owner of Jump Gymnastics Inc. was preparing for her company’s upcoming strategic planning cycle. The privately owned children's recreational sport business located in Vancouver, British Columbia, delivered gymnastics programs designed to prepare children for lifelong sport participation and healthy living. In 10 years, the owner had successfully grown the company based on her passion for helping children reach their full physical potential. Now operating in two locations, the company had expanded into hosting birthday parties and other special events. An expert in her field, the owner had also started to engage in outside consulting work. She wondered what additional opportunities laid ahead. Should she pursue growth through new locations or new programs, expand her consulting and public speaking practice, launch a coaching certification program, or focus on the company’s core operations? She wanted to consider not only the best use of her time and energy but also the option that would provide the most financial security.

When finalizing M&A transactions, it pays for dealmakers to understand that not all non-compete agreements are created equal—or equally enforceable

Supplement to case IN1530 and IN1533

This case contains excerpts from prominent business leaders and others expressing their views on the responsibilities, if any, of business leaders to other stakeholders in society. It begins with an excerpt from Andrew Carnegie, the nineteenth century steel magnate, in which he argues that although making wealth through business was valid and desirable, the business leader should see himself as a trustee who should distribute this wealth to society. It then tracks debates concerning business responsibility over the decades. It includes excerpts from Theodore Levitt's warning of the "Dangers of Social Responsibility" (1958) and Jensen and Meckling's (1976) "Theory of the Firm," which argued that a firm was merely a nexus of relationships among individuals and could have no responsibility. The case ends with excerpts from Warren Buffet, Dominic Barton, Judy Wicks and Larry Fink, each offering a different perspective on the responsibility of business leaders.

In 2018, the chief executive officer (CEO) of Zashita Inc. (Zashita) was contemplating the future strategic direction of his security and electrical contracting firm based in Irkutsk, Russia. The company had experienced outstanding sales growth since its founding in 2013, and this trend was expected to continue into 2019 with the existing business. Despite this, the CEO had identified a new, untapped opportunity in Irkutsk—smart home technology installations—and was trying to determine whether he should risk expansion into this expensive but potentially highly profitable market. Alternatively, he could focus on spending his resources on Zashita’s existing business or look elsewhere for new opportunities. The CEO needed to decide on the future strategic direction of Zashita and determine the best course of action for allocating the company’s resources to ensure future profitability for the company and its workers.

Though the research on meditation and mindfulness is almost universally positive, a new study points to a potential downside of being present in the moment: A significant decrease in motivation. Yet, surprisingly, the inspirational dip appeared to have no impact on task performance.

In June 2015 Lina Bowden, chair of the Innovation Works Finance Committee (Finance Committee), needed to finalize a plan to raise an additional $1,000,000 of capital. The capital would primarily be used to fund renovations to a building that had become known as Innovation Works, a novel coworking space and social innovation hub located in London, Ontario, Canada. The building was already secured; however, significant renovations were required before all floors could be rented. The Innovation Works project was spearheaded in 2009 by Pillar Nonprofit Network, a member-based organization comprised of nonprofit organizations. Members of the Innovation Works Project Team (Project Team) expressed a strong desire to launch London's first ever community bond to finance the renovations. The Project Team tasked the Finance Committee, lead by Bowden, with the job of providing a recommendation on the viability of the community bond financing strategy. If it was determined that a round of community bond financing was indeed viable, Bowden would need to recommend bond structure details as well as report how much capital would be needed in a second round of financing. If she concluded that community bond financing was not viable, she would need to present a convincing case for pursuing another strategy given the team's strong desire to make a statement in the community.

Case describes the career journey of the owner of two small family businesses, and illustrates the intertwining of crisis planning, retirement planning, and succession planning. The owner loses more than $500,000 in some problematic ventures, but gradually achieves steady profitability. At age 62 he has a heart attack, requiring emergency triple-bypass surgery. His wife, shaken by this close call, asks her husband to retire or at least sell one of their two businesses. However, this owner-manager is in no hurry to relinquish control. Next, a fire destroys his fast-casual restaurant, and the insurance settlement will not fully cover the cost of renovations to restore it to full operation. He considers several options: 1) walk away from it (minimal renovation, covered by insurance) and focus on his granite restoration business; 2) restore and return the restaurant to full operation (drawing on his personal savings) and continue as before. Discussing this case helps students appreciate why family business owners should plan for predictable surprises and how and why to develop a solid management succession plan.

In fall 2018, the 64-year-old owner of a small 5th-generation family business in rural Iowa has not begun succession or retirement planning. His older daughter asks to talk with him about possibly taking over the store someday; Skip defers this talk until after the busy harvest season. A few days later "Big Ag Feeds" (disguised) offers to buy his business; they want an answer by year-end. Skip discusses the offer with his wife. If he accepts it, ownership would transfer to Big Ag in four years, ending the family business legacy. Skip always assumed he would keep the business in the family, yet now he considers this option and three others: 1) Counter-propose to transfer ownership to Big Ag in one year ("clean break" to retirement). 2) Groom his daughter to succeed him as owner/manager; 3) Hire an outside manager to run the store (retain ownership). Seeing that times are changing (huge agribusinesses are replacing small farms, with repercussions for his business; emerging technologies and new government regulations bring other opportunities and threats) Skip believes the next owner/manager will face a tougher road than the rough road he traveled in his career journey.

Research shows that leaders consistently rate their own meetings very favorably--and much more positively than attendees do. When managers assume that their meetings are going well, they are less apt to solicit feedback and seek opportunities to improve. As a result, frustrations that attendees commonly cite (such as irrelevant agenda items, overly long duration, lack of focus) persist, leaving people disgruntled and disengaged. This article helps managers learn to diagnose their meeting problems, better prepare for and facilitate the gatherings they lead, and seek feedback to further hone their skills.

In this fictional case, the CEO of a sports apparel manufacturer must figure out how to handle an ongoing conflict between two of his top executives. His head of sales and CFO are constantly at each other's throats, and the tension is having a bad ripple effect on their teams and the rest of the organization. Should he change the company's compensation scheme to encourage better collaboration, get the executives coaching, or do more team-building activities? Or should he fire one or both of the warring executives? This fictional case study by Boris Groysberg and Katherine Connolly Baden features expert commentary by Scott Salmirs and Dale Winston.

The Hollywood superagent turned Silicon Valley adviser discusses winning over clients and building creative teams.

In this fictional case, the CEO of a sports apparel manufacturer must figure out how to handle an ongoing conflict between two of his top executives. His head of sales and CFO are constantly at each other's throats, and the tension is having a bad ripple effect on their teams and the rest of the organization. Should he change the company's compensation scheme to encourage better collaboration, get the executives coaching, or do more team-building activities? Or should he fire one or both of the warring executives? This fictional case study by Boris Groysberg and Katherine Connolly Baden features expert commentary by Scott Salmirs and Dale Winston.

In this fictional case, the CEO of a sports apparel manufacturer must figure out how to handle an ongoing conflict between two of his top executives. His head of sales and CFO are constantly at each other's throats, and the tension is having a bad ripple effect on their teams and the rest of the organization. Should he change the company's compensation scheme to encourage better collaboration, get the executives coaching, or do more team-building activities? Or should he fire one or both of the warring executives? This fictional case study by Boris Groysberg and Katherine Connolly Baden features expert commentary by Scott Salmirs and Dale Winston.

With hundreds of suppliers providing a medical inventory that delivers medicine to nearly 4 million patients a year, Shanghai General Hospital is looking for new ways to improve its medical supply chain. The current system not only takes up too much of pharmacists' time for menial stock-taking duties, but is also labor intensive and prone to error. Wang Xingpeng, the hospital's chief executive, wants to better utilize medical professionals' time and allow pharmacists to do more clinical work for patients. Further complicating the issue is a new set of government rules that will require hospitals to sell medicine at cost, meaning that what was once an income source will soon become a cost burden. The hospital is planning to establish a new supply system with one of its suppliers, Shanghai Pharmaceutical. How should the new system address existing issues? And as Wang reviews the strategic partnership, how can he align the new partner's interests with the hospital's objectives? This case demonstrates the components of a medical supply chain in a hospital and the challenges associated with managing such a supply chain. It allows students to discuss ways to streamline the supply chain. The case can also be used to explore topics in strategic partnerships, in particular, vendor-managed inventory systems, and offers background for discussion of the risks and considerations when introducing a third- party strategic partner into the supply chain.

Spreadsheet to accompany product 8B18M194.

Student Spreadsheet to accompany product 9B18M194.

In 2014, Yildiz Holding, a Turkish conglomerate, had just acquired the UK-based biscuit maker United Biscuits, the premium chocolate maker Godiva Chocolatier Inc., and the US-based company DeMet’s Candy Company. As Yildiz Holding moved forward in pursuit of its goal of dominating the global confectionery market for biscuits and snacks, senior management members were questioning whether the company's business model (which had brought it success for many years) would continue to be viable, and particularly, what the implications of its global expansion were for its diversified business model.