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This case examines the leadership challenges faced by Nathalie Wappler, the new CEO of SRF, a public media company that operates in the German-speaking part of Switzerland and is part of the largest media company in Switzerland, SRG. The study spans the period from 2019 to 2021, capturing the seismic shift in corporate identity, disruptive changes in consumer behavior and the emergence of new players in the media industry. The central challenge revolves around two key questions: First, how to lead a traditional media organization towards the future while also maintaining its core amid industry disruption? And second, what leadership qualities are required to effectively navigate such a dual transformation? Drawing on a combination of internal strategy documents, along with publicly available information, the case highlights the strategic journey undertaken by Nathalie amidst the turbulence of the Covid-19 pandemic, and the broader challenge of leadership in the face of an unpredictable black swan-style event that becomes the new normal. It reveals that strategic decision making should not be paralyzed by incomplete data and emphasizes the importance of a robust and bold strategy combined with the right type of leadership. The findings underscore that Nathalie's leadership style, characterized by collaboration and inclusivity, was complemented by a clear vision and strong conviction. This framework enabled her to effectively navigate the transformational journey and overcome potential short-term derailments. Unique and unfiltered access to Nathalie and the SRF organization provide valuable insights, enabling students to explore the complexities of decision making in dynamic industries. The case prompts students to consider when to persevere, adapt or pivot, and encourages self-reflection on their own leadership adaptability in similar challenging scenarios.

Little more than a year had passed since Chrissy Taylor, granddaughter of the company's founder and daughter of its longest-serving CEO, had been promoted, in December 2019, to CEO of Enterprise Holdings, the parent company of Enterprise Rent-A-Car. Taylor had spent her entire career in the family-owned business, but like all Enterprise employees, she started as a management trainee at a branch office. "Just like everybody else in our upper management, I started behind a rental counter," Taylor said in an interview at the time of her promotion. "I worked my way up in various roles, learning the job by doing it: washing cars, picking up customers." She was determined to continue the legacy of her family's company, which her father famously described as being committed to three things: "listening to and satisfying our customers, creating opportunities for our employees, and achieving long-term, sustainable growth."

In recent years, new consumer brands have mushroomed to meet consumers' increasingly diverse and personalized demands. However, some struggled to achieve sustainable, long-term growth as they relied heavily on capital investment, outsourced production, and excessive marketing. This case focuses on Winona, a functional skincare brand for sensitive skin, and its parent company, Botanee. It unveils how Winona achieved product innovation through consistent R&D efforts, built a presence in the niche market of sensitive skin by leveraging multi-touchpoint marketing across various channels, and evolved into a leading skincare brand in the Chinese market. As a result, Winona featured in Tmall's sales top 10 in the cosmetics and skincare category for several consecutive years since 2018, becoming the only Chinese brand maintaining this position. However, Botanee faced several challenges as it sought to grow its business further. With Winona contributing 99% of the company's revenue, how could Botanee expand its brand portfolio and broaden its consumer base? While Winona's flagship product, Anti-Sensitive Moisturizing Tolerance-Extreme Cream, remained its primary revenue driver, how could the brand establish a second "hero product" to sustain its growth in the future? The issue of internal branding also came to the fore as Botanee's business expanded, touchpoints multiplied, and organizational structure grew increasingly complex.

This case is about TPG Rise Climate, a $7.3 billion climate impact fund launched in 2021 by alternative asset manager TPG. Climate investing is a complex, capital-intensive endeavor; entering it has forced TPG to think and act differently. Relative to other funds, Rise Climate's investments take longer to mature, require far more capital, and are more vulnerable to swings in commodity markets and fickle government policies. Set in December 2023, the case finds TPG considering the future for Monolith, a Rise Climate portfolio company with significant impact potential but an uncertain business model.

Founded in 2006, Shanghai Action Education Technology Co., Ltd. (Action Education), a provider of management training services for small and medium-sized private enterprises, was the first listed management education company in China. In 2014, due to the fierceness of the market competition and the splitting of the top management team, Action Education changed their strategy from a product-oriented one to customer-oriented one and repositioned themselves as a "world-class practical business school." This strategic change not only helped Action Education win the recognition and loyalty of their customers but enhanced the company's profitability and management ability. However, with the COVID-19 pandemic in 2020 and rising consumer demand, Action Education faced increasing pressure. Li Jian, the chair of Action Education, is considering two paths with different customer value focuses: should he add a consulting business unit and provide one-stop services for customers or standardize the company's management training services and improve their quality and delivery?

In December 2021, the director of Options Pregnancy Centre (Options) was challenged with determining how to expand the services offered by the organization in its Montreal, Quebec, community, as the need to support women who planned to carry their pregnancies and pursue parenting was becoming more acute. Options already offered counselling, grief and loss support, and a variety of parenting programs; it also facilitated required medical services and provided opportunities for pregnant teens to live with host families on either short- or long-term bases. The organization occasionally had opportunities to develop its own residential program. Doing so would mean shifting its strategy from providing services on a non-residential basis to having its own residential program. Should Options expand its current non-residential programs? Should it more actively recruit families who were willing to take pregnant teenagers into their homes for short periods of time? Should it take the bold step of making an offer on a residential building that was currently available? The director recognized that it would be necessary to carefully prioritize Options' programming to ensure that it could secure the resources it needed to run effective programs.

The partners at ZGM Modern Marketing were pleased with their growth and progress of working within the highly competitive marketing industry and had confidence in their team of skilled employees supporting the company's success. But they also knew a good thing never lasts forever and had to continually strategize to stay ahead of the competition. While the partners were used to being very hands-on with the day-to-day management of people, ZGM had grown to a point where it was becoming difficult to juggle all aspects of the business without adding specialized resources. Bringing on non-billable people such as the new HR Director puts a strain on the profitability of a company. The challenge was how to maximize the value of these new resources.

Brice Scheschuk, chief executive officer of WIND Mobile, embarks on a transformative journey to revitalize the company's organizational culture. This case provides a lens into the challenges and opportunities inherent in building a workplace culture in a fast-paced telecommunications market. Scheschuk employs a strategy that places significant focus on the field employees, who are often overlooked in corporate strategies. Students will gain insights into the nuanced art of leading change, leveraging HR as a strategic asset, and measuring the effectiveness of cultural interventions. This case employees qualitative and quantitative data and is an exemplar for those aiming to integrate HR strategy with organizational effectiveness.

Kyrö Distillery Company (Kyrö), founded in 2012 in Isokyrö, Finland, focused on producing rye whisky from Finnish rye. However, it took an average of three years for one batch of whisky to be produced and ready for sale, so, to cover their costs and stay afloat, the founders decided to start producing gin, which could be produced faster. As luck had it, in 2014, Kyrö's rye-based Napue Gin was named the best gin in the gin-and-tonic category in the UK-based International Wine & Spirit Competition, and Kyrö now had two promising products in its roster: rye whisky and rye-based gin. <br><br>Kyrö exported its products to overseas markets, including Japan, where its results had so far been modest, but it planned to expand and grow its businesses in Japan. As an underdog in an industry dominated by major global players, Kyrö had to work to increase its market share. It relied on its authentic brand image, original products, and brand ambassadors. In September 2022, as one of Kyrö's co-founders travelled to Japan to meet with the company's main Japanese distributor, he wondered, How could the company gain growth in a market that was highly competitive and dominated by well-established local companies?

Tata Motors Limited (TM), a subsidiary of Tata Sons Pvt. Ltd., was the market leader in the passenger electric vehicle (EV) segment in India. Natarajan Chandrasekaran, chair of Tata Sons, was pleased with the work of Shailesh Chandra who, as managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility (TPEM), had been instrumental in TM's successful turnaround. Chandrasekaran wanted Chandra and his team to capitalize on the robust demand for passenger EVs in India to reach 25 per cent of TM's total sales by 2029, up from 8 per cent in December 2022. However, attaining it was not easy because he would face an onslaught from multiple competitors that would threaten TM's existing market share. To enable TM to maintain its leadership position in this segment in India and to grow over time, Chandra and his team had to ensure they correctly assessed the passenger EV industry's competitive forces. From this analysis, Chandra would then have to evaluate his competitors' strategies and formulate TM's defence and growth plans.

AMAG is Switzerland's premier automotive retail and service company, holding exclusive rights to import Volkswagen Group car brands such as Audi, Volkswagen, Skoda, Cupra and Seat. In 2022 AMAG had 7,300 employees and a revenue of CHF 4.4 billion. The electrification of the automotive industry and the introduction of the agency model by the Volkswagen Group are major challenges for the traditional Swiss company. The case describes AMAG's traditional business model, including recent changes, its vision and ambitions. Follow Frank Boemerle, the head of strategy at AMAG retail, as he develops new business models and captures insights about the company's transformation journey. New business models like Mobility as a Service (MaaS) and Retail as a Service (RaaS) are elaborated and described. Existing and future profit pools are analyzed, and new business opportunities and threats are discussed. The EV transformation and digitalization require up to 50% fewer employees in the after-sales service business, and the impending agency model questions the current infrastructure and capital employed. Therefore, AMAG is searching for new mid-term revenue streams and new employment for the workforce. Change management and up-skilling of the employees are additional challenges after the changes in the financial transactions of future business models on a subscription base. Shall AMAG invest in renewable energy to offer electrification packages to customers next to EVs? Shall AMAG expand to Italy and France? Shall AMAG expand the EV portfolio with new brands from China and potentially risk its exclusivity with Volkswagen? Support Frank in the analysis and make your conclusions on how AMAG can stay in business in Switzerland beyond 2030, given that the electrification of mobility and the new agency model disrupt the main revenue streams of AMAG's current business model.

Over its 20 years in existence, Tesla had become nearly synonymous with electric vehicles, and the company assumed an enviable market position. By 2023, however, Tesla faced intense competition. Traditional carmakers and EV upstarts were expected to introduce close to 50 new EV models in 2023 alone. Tesla had to decide how to re-position itself in this drastically altered business landscape.

In May 2023, Colbún, Chile's second-largest electricity generator, plans capacity expansions using renewable energy and storage. This strategy supports Chile's commitment to carbon neutrality (also known as net zero emissions) by 2050. The case delves into the advantages and disadvantages of several energy sources and storage technologies, taking into account Chile's energy transition pathway. Colbún aims to expand while ensuring a reliable 24/7 power supply, a challenge due to the intermittent nature of some energy sources, such as solar and wind technologies. To this end, the company must consider complementary energy sources and storage solutions. Additionally, there is a need for new or upgraded transmission lines to transport electricity from new plants, along with regulatory changes to accommodate energy source characteristics. However, these changes are not unfolding as rapidly as renewable energy projects across the country. Chile has become a global hotspot for solar and wind energy developers, but several companies are already running into obstacles. José Ignacio Escobar, who became Colbún's CEO in 2022, must navigate this intricate landscape to determine whether to expedite the company's shift into renewable energies. This choice includes selecting the most suitable technologies to invest in while striking a balance among competitiveness, energy security, reliability, and the sustainability of the energy system. Taking a close look at Colbún's operations, this case illustrates the intricacies of conducting business in the context of global energy markets. It particularly underscores the challenges posed by the ongoing decarbonization of energy systems.

This case examines factors contributing to the collapse of Silicon Valley Bank (SVB) in March 2023, an event as unpredicted as it was quick. SVB funded nearly half of all U.S. venture-backed startups and at the end of 2022 held $173 billion in deposits, largely comprising the venture capital those startups had raised. On February 28, 2023, Moody's warned SVB about a potential credit rating downgrade, reflecting concerns over "funding, liquidity, and profitability" which factored in substantial unrealized losses on SVB's debt securities. To strengthen its balance sheet, SVB sold $21 billion in securities on March 8, but the move shocked its customers, as it resulted in a realized loss of $2 billion. The ensuing bank run intensified as SVB proved unable to placate investor fears or raise capital to plug that hole, and SVB was placed in receivership on the morning of March 10. Finger-pointing began immediately. Some argued that misguided pressure from Moody's over the fair value of SVB's debt securities prompted the bank's death spiral. Others blamed SVB management and directors, its regulators, and the venture capitalists whom SVB otherwise benefited. What went wrong, and what lessons could be learned?

Maria took a final glance at the company accounts, then closed her laptop. On New Year's Eve of 2022, she had mixed emotions reflecting on the journey of the past two years. In just fifteen days, it would be Merafuture's two year anniversary as a registered company. 2020 and 2021 were anything but normal for the world, and it was no different for Merafuture. In August 2021, after struggling for the first year and a half, the company began to show progress by picking up sales when schools and colleges reopened across Pakistan. Yet, still operating at a loss, she wondered if the company could afford to stay afloat for another year while waiting to make a profit.

Niraj Sharma, Director of Marketing at Airtel, located in India, and his team prepared to launch India's first telecom convergence product - a single telecom plan that provided mobile, paid TV, and WiFi services under one bill plan. Telecom convergence was expected to be the next big battle against the deep-pocket competitor Jio Telecom. In January 2023, there were three branding options on the table: positioning this convergence plan as a premium offering under the current Airtel brand; using the Airtel Xstream brand; or launching an entirely new brand - Airtel Black that encompassed Airtel mobile and Airtel Xstream services. The company wanted to drive its business growth across different products, including the proposed convergence.

What does a university owe to the community where it is based? The idea of an anchor institution reflects the relational dynamics between a large entity and the often-lower-income community where it is located or does a significant portion of its business. This field-based case examines the social responsibility of the University of Virginia (UVA), a public university founded in 1819 in Charlottesville by the third president of the United States, Thomas Jefferson. UVA's significant growth has led to shortages in affordable housing, as UVA has purchased large swaths of land for its use and UVA students occupy much of the remaining lower-cost rentals near the university. As a result, local residents often find themselves pushed to outlying areas and lacking the public transportation necessary to commute to work. In the Charlottesville community, many have been calling on UVA to remedy the situation for over a decade. This issue is particularly salient in an environment where the president and board chair at the University of Pennsylvania was forced to step down for decisions related to sociopolitical issues beyond the campus. The case presents three different frameworks for considering social responsibility: as an anchor institution, as an entity exempt from property and income taxes, and as a public university subsidized by the state. The case guides students to policies underlying current socioeconomic conditions, the ethics of disproportionate use of limited resources, the obligations of tax exemptions, and the responsibilities of anchor institutions. It provides rich data for students to consider questions including the following: Is it fair for universities to enroll students without supplying housing for them? Does a public university have responsibilities that would not apply to a private university? Are UVA's actions aligned with its culture and, by extension, the Jeffersonian ideal upon which it was founded?

In February 2021, Scott Sheffield, the CEO of Pioneer Natural Resources (an independent oil and gas company based in Texas), was considering the possibility of enhancing the firm's capital return strategy by introducing a variable dividend tied to cash flows in addition to the firm's base dividend as a way to distribute more cash to shareholders when performance was good and cash flows were high. Although oil prices had fallen precipitously to less than $20 per barrel in early 2020 due to the recession caused by the Covid pandemic, they had rebounded to more than $60 per barrel in February 2021. As a result, exploration and production (E&P) companies including Pioneer were expected to generate significantly higher profits in 2021, prompting many firms to consider ways to distribute excess cash to shareholders. Sheffield had to decide whether to adopt a new "base plus variable" dividend policy. As part of that decision, he had to decide whether it was materially different from and better than a policy with a growing base dividend supplemented with periodic share repurchases. And if he did decide to recommend a new policy to the board of directors, he had to determine the magnitude and the frequency of the variable dividend.

Brandix Group (Brandix), an apparel manufacturing firm with facilities in Sri Lanka, India, and Bangladesh, began its sustainability journey in the early 2000s, much before there were established practices in the apparel manufacturing industry, in an effort to combat and adapt to the challenges of climate change. The company had worked across all of the group's establishments to ensure waste minimization, material efficiency, energy efficiency, and eco-efficiency in operations. Ashroff Omar, chief executive officer of Brandix, felt the time had come for Brandix to review its sustainability efforts and assess whether its sustainability strategy could be continued. He was planning to expand the scope of sustainability practices beyond firm boundaries, and explore the impact of possible changes in regulations, technology, and challenges from competitors.