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Bend it Like Bonnie: Power & Politics During a Pandemic
When vaccines became widely available in 2021, Dr. Bonnie Henry-the provincial health officer of British Columbia (BC)-was tasked with the monumental mission of immunizing all BC residents against the COVID-19 pandemic. By November 19, 2021, almost 91 per cent of eligible residents had received their first dose of the vaccine, and 87 per cent had received their second dose. At the same time, the pediatric vaccine for children aged five to eleven was approved by Health Canada; however, polling suggested that BC parents were hesitant to vaccinate their young children. Henry faced the new challenge of creating a plan to convince parents and caregivers that vaccinating their children was both necessary and safe. -
Don't Shoot the Messenger: Communicating during Project Crises
In September 2019, the project manager of Washington, DC, technology company Zinthro found a serious calculation error in her company's bid for a major government project. When she discovered the mistake, the bid had already been accepted and the project was well under way. The issue threatened her working relationship with several key individuals related to the project, including the executive overseeing the project, the client representative, the team that put together the original bid for the project, fellow project managers, and team leaders. Although she was not the one who made the mistake, she was the one who had discovered it and had to decide what to do next. Who should she talk to about the error? Who should be told first? How should she deliver the bad news? -
Chinese Online 2018-2020: Turnaround
Chinese Online (COL) was one of China's largest Chinese-language digital content distributor. Its offerings ranged from literature, audio, TV, film, and micro-drama. From 2018 to 2020, the company was in serious financial trouble as a result of an unwise acquisition. The founder of COL returned from overseas to turnaround the company by executing a strategic refocus to its core business field, which was literature and other forms of content. In addition to business contraction and cost reduction, he creatively designed a collective decision-making system called Class Committee, where he encouraged divisional heads to break the ice and make decisions together. This mechanism aligned divisional goals and allowed for executives to understand COL's business lines from a more integral perspective. In early 2021, COL recovered from the crisis thanks to the executives' joint effort. Tong was thinking how to leverage this mechanism to cultivate the next generation of CEO. -
OneSmart
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Replika AI: Monetizing a Chatbot
In early 2018, Eugenia Kuyda, co-founder and CEO of San Francisco-based chatbot Replika AI, was deciding how to monetize the app she had built. Launched in 2017, Replika was a consumer AI "companion app" developed by a team of AI software engineers originally based in Moscow. Replika allowed users to create their own customized AI avatar and then have free-flowing text conversations back and forth with it, like one would with a friend. Replika had a successful initial launch, signing up 2.5 million users in its first year, however, it was struggling to keep users on its app. Replika's research showed that its heavy users tended to be struggling with a bouquet of physical or mental health issues. Two monetization options were being considered: develop a subscription model for the AI companion app or pivot into a mental health app. The subscription model would offer a host of added benefits for subscribers and could be marketed at a broad TAM of lonely people. The mental health app would combine talk therapy (with the chatbot) with clinically proven therapeutic exercises, and would be targeted at people struggling with mental health issues. On the subscription side, investors were concerned that the app's users did not fit the typical profile of paid app subscribers. Yet pursuing the mental health app would mean venturing into a more regulated market and engaging in more carefully scripted responses rather than the freeform texting of the current app. The firm had been through a series of pivots and was hoping to find a clear path before venture funding ran out. -
Northvolt: Building Batteries to Fight Climate Change
In 2016, Swedish entrepreneurs Carl-Erik Lagercrantz and Peter Carlsson founded an electric battery company called Northvolt with the dual goals of creating a company to address climate change and bringing battery manufacture to Europe. Northvolt, which succeeded in building a "gigafactory" near the arctic circle in Sweden, was soon on track to become one of the largest and most sustainable battery manufacturers in the world. But, building "the world's greenest battery" to fight climate change was a difficult-and perhaps unrealistic-goal. How much could Northvolt really contribute to the European effort against society's greatest challenge? -
Urban Company: Partners Versus Employees
Urban Company (UC) was a digital labour platform that connected consumers with service providers (referred to as "partners" by UC) for home services such as plumbing, painting, and beauty and salon services. UC was ranked as the top digital platform company in India in the Fairwork India Ratings in 2020, but on October 10, 2021, the company met with a protest by its women partners from the beauty and salon segment. Two months later, on December 20, it faced another protest from its partners for unfair work practices. UC had shown a stellar performance in 2020, registering a 146 per cent increase in its revenue. However, the company was unprofitable, and its losses inflated further in 2021. Accommodating the partners' demands might deteriorate the company's bottom line further and might adversely impact the success of its initial public offering, planned for 2023. Additionally, continued unrest by the women partners might tarnish the company's image, adversely affecting its rating in Fairwork's annual survey. There was also a possibility that the government might impose stricter norms for the functioning of digital platforms. What should the company do to appease the protesters while also protecting its bottom line? -
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Forest Essentials: Demystifying India's Luxury Ayurveda Brand
In December 2021, Forest Essentials opened its one hundredth store in India and a store in the United Kingdom; the Indian home-grown luxury Ayurveda brand had rapid expansion plans despite the obstacles it faced. Twenty-one years earlier, the company's founder, liberal arts graduate Mira Kulkarni, converted the six-thousand-year-old science of Ayurveda into bottles and jars of luxurious skin-care and hair-care products, making Forest Essentials an aspirational luxury brand. Forest Essentials had grown to establish a robust presence in five categories-skin care, hair care, wellness, health, and makeup-while acquiring a large and loyal customer base in India. The company was meticulous about the quality of its ingredients and put great effort into sourcing high-quality ingredients from all over India; however, easy access to cheaper Ayurveda-based brands and the entry and availability of international wellness brands into the Indian market threatened Forest Essentials' customer retention.<br><br>Kulkarni and her son, Samrath Bedi, needed to sustain the growth of Forest Essentials across digital and physical channels in India's cluttered beauty and wellness market, with a price-sensitive customer base, while also growing the brand's presence in cross-cultural markets overseas. Could they pursue growth in both marketspaces consistently? Should Kulkarni and Bedi focus on engaging with their existing and potential customers in India, or should they aim to establish their luxury brand in international markets? -
International Needs Canada: Transforming Child Sponsorship
In January 2022, the leaders of the Canadian charity organization International Needs Canada recognized that individual child sponsorship had serious flaws and was not as impactful as it once had been. They sought to move donors from individual child sponsorship to the more beneficial group sponsorship model. The director of communications and marketing had to determine which donor group to target as he launched the program. As the new model could disrupt the industry. The organization also had to consider the reaction of much larger competitors. Furthermore, International Needs Canada was not replacing its own individual child sponsorship model with group sponsorship; instead, both programs would run simultaneously. -
Mahindra Home Finance: When Technology Meets Social Impact
Mahindra Rural Housing Finance Limited (Mahindra Home Finance), a rapidly growing non-banking financial corporation (NBFC) in India, was on the cusp of a historic decision: Should the organization be among India's first NBFCs to launch a machine-learning-led predictive platform that aimed to revolutionize the way loans were disbursed in rural India? Mahindra Home Finance had a strong focus on social impact, and the firm had to decide whether to take this giant leap. If successful, the project might become a beacon for many such businesses trying to create positive change across communities, as it would reduce the "risk" involved in lending to a segment that was traditionally shunned by the formal banking system. The decision was important-both to the company and to the industry as a whole. Was it time for the field of sustainability to embrace machine learning? -
Wealthsimple: Navigating the Growth of Canada's First Regulated Crypto-Exchange Platform
Michael Katchen, chief executive officer and co-founder of Wealthsimple Technologies Inc. (Wealthsimple), made history when his company launched Canada's first regulated cryptocurrency exchange in 2020. By designing a platform complying with regulations, Wealthsimple provided Canadians with a safer and more secure platform to invest in cryptocurrency, thereby creating a point of differentiation and source of competitive advantage for the company. However, the perceived risks of cryptocurrency-based products meant that Wealthsimple's pivot into cryptocurrency had not been met with unanimous support, with some industry commentators claiming that Wealthsimple's strategy to enter cryptocurrency and the higher transaction fees that followed stood in stark contrast to the low-risk investment strategy and principle of wealth democratization upon which Katchen had founded the company. In 2022, with an aim to grow its user base, Wealthsimple had to consider whether to continue to expand in the Canadian cryptocurrency industry. Could it achieve its growth objectives by expanding its crypto offerings, or should it explore alternatives outside the sector? -
Daily Crunch: Marketing a Start-up during a Shutdown
Daily Crunch was a sprouted-nut brand that launched in March 2020 during the beginning of a global pandemic. The co-founder and chief executive officer of Daily Crunch was responsible for determining the company's marketing and business strategy in 2021. In this pivotal time for a new company, a multitude of avenues needed to be explored, such as deciding whether to focus on a digital or an in-person marketing strategy; examining new marketing opportunities in a new shopping environment; launching new products, flavours, or sizes; and deciding whether to focus primarily on direct-to-consumer sales through e-commerce. Daily Crunch had several key objectives-namely, increasing brand awareness and sales, and expanding distribution. However, its key objective was to survive as a start-up during a global pandemic. -
Sea Limited: Sustain or Expand?
The case is about Sea Limited (NYSE: SE), once Southeast Asia's most valuable listed company with a market capitalisation of over USD231 billion in October 2021. The company began as an online game distribution platform, and quickly evolved into a digital services ecosystem with an offering that included e-commerce and digital financial services. Being mobile-centric and focusing on emerging markets are at the core of Sea Limited's business model. In two post IPO fundraisings in December 2020 and in September 2021, it had amassed close to USD10 billion from the market. Investors were bullish towards Sea's prospects for growth. Yet, the global macro socio-economic conditions were challenging. Geopolitical tension between the US and China is increasing. Supply chains are disrupted. Interest rates are climbing, and the threat of global recession looms large. The case asks, under such conditions, how can Sea Limited address these challenges and realise its potential for further growth? -
The Cartwrights' Next Home: To Rent or To Buy?
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Chene Bleu: Caught in the Trade Tariff Crossfire
A French wine estate faced a 25% tariff on its U.S. exports following a multi-decade-long EU-U.S. trade dispute in the aerospace industry. -
Goonj: Growing in the Face of a Pandemic
Founded by the husband and wife team of Anshu and Meenakshi Gupta in 1999, Goonj had quickly emerged as one of the leading disaster relief and rural development organizations in India. Their main mode of development was through providing a clothing kit to the village families in return for development work (Cloth for Work). As Covid-19 struck India in March 2020, the organization pivoted its operational model to considerably broaden its set of activities in the field. In 2022 after nearly 70% of the country had been vaccinated against Covid-19, and with a semblance of normalcy returning, Anshu Gupta had to consider the future of the organization and its strategy, having raised twice the amount of funds ($20 million) as in the previous years. -
Ajax Health: A New Model for Medical Technology Innovation
This case teaches key success factors for both startups and established medtech firms. It examines how to structure a firm to maximize financial returns. Medtech entrepreneur Duke Rohlen is proposing a new model for innovation and business growth. From 2007 to 2019, Rohlen sold four medical technology (medtech) companies, all of which were acquired at significant multiples of the capital invested. While the average medtech startup exited 8.6 years after starting, Rohlen's companies had an average time to exit of 40 months. Rohlen then saw that the companies acquiring his startups were sold to larger firms, in short time spans after the initial sale, at prices significantly higher than their pre-acquisition value. Rohlen observed how much value his companies had created for others after he sold them: $1.5 billion for Covidien (after sale of FoxHollow to ev3), $1.1 billion for Philips (after sale of CVI's Stellarex from Covidien to Spectranetics), and $280 million for Stryker (after sale of Spirox to Entellus), for a total of about $2.9 billion. Rohlen wondered how he could still create innovative new products yet capture a higher portion of the financial returns. He proposed a new model for innovation and business growth, called the Chassis and Growth Drivers model. Partnering with major private equity firms Hellman & Friedman and Kohlberg Kravis Roberts & Company (KKR), Rohlen's firm Ajax Health plans to invest $1.3 billion to prove the model's viability. For $1 billion, they're submitting a bid to buy Cordis, a maker of medical devices for cardiovascular and endovascular procedures. Cordis was formerly a standalone business before it was bought by Johnson & Johnson and then its current owner and seller, Cardinal Health. If their bid is successful, they will invest an additional $300 million to fund an off-balance sheet accelerator, which will develop innovative new products that will drive revenue growth for Cordis. -
Alibaba Group Holding Limited: Why and How Does Leadership Matter to a Company's Growth, Success and Future Prospects?
Alibaba Group Holding Limited is an operator of online mobile marketplaces in retail and wholesale trade. They are a multinational technology conglomerate that has a total of 115 subsidiaries with 785 companies. Some notable platforms owned by Alibaba include Taobao, Tmall, Aliexpress and Lazada. The company is involved in logistics, retail and wholesale, local consumer businesses, cloud services including network virtualization services, large scale computing, security and big data analytics. They also partake in innovation initiatives and digital media and entertainment. Their headquarters is located in China. They also have offices located in several countries around the world including Singapore, India, the United Kingdom (UK) and the United States (US). Over the past decade, Alibaba has seen exponential revenue growth. Understanding Jack Ma's (co-founder and former executive chairman of Alibaba Group) leadership behaviours and Alibaba's organizational culture enabled us to appreciate how the group managed complex and intertwined issues during his tenure. Now that the baton has been passed to succeeding Chairman and Alibaba CEO Daniel Zhang, the world's eyes have turned to Zhang to witness how he leverages on Alibaba's current position and sustains its business operations and rapid growth. -
Argyle: Behavioural Change Marketing
In January 2018, an account manager at a Canadian advertising agency was tasked with making a recommendation regarding a potential workplace safety marketing campaign in Manitoba, Canada, that aimed to lower the number of work-related injuries and deaths. The account manager had previously been involved with a 2016 advertising campaign that had used an innovative approach to expose the attitudes and opinions that young people had about workplace safety. Cleverly utilized hidden-camera footage of inexperienced young people eagerly agreeing to dangerous working practices caught the attention of the public and media, and ultimately helped raise awareness and reduce workplace injuries in Manitoba. The account manager felt strongly that more needed to be done to improve workplace safety, but he needed to analyze the 2016 results to determine whether a new marketing campaign was the best solution. He would be working with and ultimately pitching his recommendation to a multi-faceted team made up of members who each had a stake in improving workplace safety in Manitoba. With the team already formed and time of the essence, he knew he must analyze and address the potential opportunities of a behavioural marketing campaign in order to make a recommendation on a course of action that could potentially save young Manitobans' lives.