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| 0 | I have a dream: Ayuvayur Pharmaceuticals Author(s):Manoj Joshi, Apoorva Srivastava Title – I have a dream: Ayuvayur Pharmaceuticals. Subject area – Start-ups, entrepreneurship, innovation and innovative practices, risks, uncertainties, differentiation, internationalization, competition, business models, operationalizing and implementing strategy. Study level/applicability – The case is suitable for MBA students. Case overview – Vinay moved to the capital city of a Northern Read more Title – I have a dream: Ayuvayur Pharmaceuticals. Subject area – Start-ups, entrepreneurship, innovation and innovative practices, risks, uncertainties, differentiation, internationalization, competition, business models, operationalizing and implementing strategy. Study level/applicability – The case is suitable for MBA students. Case overview – Vinay moved to the capital city of a Northern Indian state, which also happened to be a commercial hub, after his family business failed. The family succumbed to living in a room without electricity and doors. Vinay had dreamt of establishing his own business empire by being a successful entrepreneur. Steered by this intent, he established a pharmaceutical company with the name of Ayuvayur Pharmaceuticals. The challenge was to establish an innovative Ayurveda-based pharmaceutical products-based firm and to build a leading business empire with a customer focus. Progress was not smooth and the challenges ahead multiplied. Despite his ability to cope with barriers, risks and uncertainties, Vinay and his business, was challenged to grow globally and emerge from its nascent structure. How should the business expand? Expected learning outcomes – Students can discover the following key learning points: how an enterprise is born; the importance of entrepreneurial recognition and orientation; the lead characteristics of an entrepreneur; how a start-up is born despite the unfamiliarity of the entrepreneur with the field he enters; the role of innovation in a small enterprise; and the risks, barriers, uncertainties and challenges associated with entrepreneurial activity. Supplementary materials – Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Close Please login | Abstract & purchase [ HTML & PDF (68kb) ] | Reprints & permissions |
| 1 | “Eldorado” family: the survival and succession plan Author(s):Sandra Jennina Sanchez Perdomo, Mario Andres Manzi Puertas Title – “Eldorado” family: the survival and succession plan. Subject area – Entrepreneurship and family business. Study level/applicability – The case is suitable for BA and MBA levels and for courses focusing on family businesses, entrepreneurship, or small and medium-sized enterprises. Case overview – The Gomez family is the owner Read more Title – “Eldorado” family: the survival and succession plan. Subject area – Entrepreneurship and family business. Study level/applicability – The case is suitable for BA and MBA levels and for courses focusing on family businesses, entrepreneurship, or small and medium-sized enterprises. Case overview – The Gomez family is the owner of Colchones Eldorado, a Colombian mattress company, in business for more than 50 years. Its founder and CEO Gumercindo Gomez, 75 years old, had no succession plan but he wanted to ensure the future of his business. Given the urgency of this situation and the complexity of the family structure, Martha Gomez, General Manager, hired a consultant to design the succession plan. To prepare this plan, the consultant must take into account: the preservation of stock ownership within the family, the company's sustainability under the new CEO family member, and the assurance of the family harmony. Expected learning outcomes – These include: understanding the characteristics of a family business in the Latin American context; recognizing the stages of the family ownership; and identifying personal characteristics and roles of family members in order to design the basis of the succession plan. Supplementary materials – Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Close Please login | Abstract & purchase [ HTML & PDF (218kb) ] | Reprints & permissions |
| 2 | A new business model to Chinese style agricultural industrialization Author(s):Zheng Wang, Guiping Lin Title – A new business model to Chinese style agricultural industrialization. Subject area – Start-ups in emerging markets, entrepreneurship, business models and strategy. Study level/applicability – The case is suitable for MBA and EMBA graduate and undergraduate students in strategic management, finance and the relevant areas. Case overview – This Read more Title – A new business model to Chinese style agricultural industrialization. Subject area – Start-ups in emerging markets, entrepreneurship, business models and strategy. Study level/applicability – The case is suitable for MBA and EMBA graduate and undergraduate students in strategic management, finance and the relevant areas. Case overview – This case provides a real-life entrepreneurial situation in agricultural industry in China. The protagonist of the case is the founder and CEO of the start-up Harvest Agricultural Technology and Development Company Limited (Harvest). From his perspective, the case depicts the current business environment for private companies in China, and presents the opportunities and challenges a new start-up faces in this environment. Agricultural industry plays an important role in the Chinese economy. Especially because in China land is owned by the state or collective, agricultural industrialization has more significance and experiences greater difficulties. The company in the case explores the situation of integrating the different stakeholders of agricultural production and delivery given the current political and economic environment. The case describes the characteristics and quality that a typical Chinese entrepreneur has and questions why such factors matter so much in China. The case emphasizes the strategic planning process of Harvest and its unprecedented business model design. The case also touches upon the growth pattern of entrepreneurial companies in China. All the above issues deserve discussion and in-depth analysis. Expected learning outcomes – After studying this case, students should be able to: describe the business environment in China and identify the stakeholders of the agricultural industry in China; describe the process and value chain of agriculture production and delivery by adopting management models if necessary; discuss the personality and quality of the founder and CEO and compare his characteristics with that of western entrepreneurs and analyse why these characteristics are helpful (or detrimental) to the start-up company; analyse the development of business model designs, and identify the merits, drawbacks and risks of each version of business model; analyse the competitive advantages of Harvest, and identify the key resources and capacities with management models if necessary; discuss different possibilities of Harvest's future with evidence and process analysis; discuss whether the business model and the development strategy of Harvest are applicable to other companies or industries; discuss how setting the goal of going public on the first day Harvest was founded will affect the development of the company; and compare the business models of Harvest with other companies serving as a platform in a different industry (i.e. Taobao marketplace). Supplementary materials – Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Close Please login | Abstract & purchase [ HTML & PDF (239kb) ] | Reprints & permissions |
| 3 | Noah Wealth Management Author(s):Ramakrishna Velamuri, Yuan Ding, Jianhua Zhu Title – Noah Wealth Management. Subject area – Entrepreneurship. Study level/applicability – This case is suitable for MBA, EMBA and advanced undergraduate students. Case overview – Noah Wealth Management was founded by Ms Wang Jingbo, a lady in her mid 30s with a team of less than 20 members in Read more Title – Noah Wealth Management. Subject area – Entrepreneurship. Study level/applicability – This case is suitable for MBA, EMBA and advanced undergraduate students. Case overview – Noah Wealth Management was founded by Ms Wang Jingbo, a lady in her mid 30s with a team of less than 20 members in 2005. Exploiting market opportunities offered by a lack of good wealth management products and services, Noah grew rapidly from one branch office in 2005 to 59 branch offices in 2011, reaching a staff size of 1,031. Noah listed its shares on the New York Stock Exchange in November 2010. In 2011, Noah was ranked No. 38 among the 100 Top Potential Enterprises in China. Nonetheless, Noah faced several problems of internal management during the course of its fast expansion. In the first quarter financial report of 2012, Noah suffered a 52.6 percent decrease in net income over the corresponding period in 2011. Faced with a rapidly declining share price, Noah announced on May 22, 2012 a US $30 million share repurchase program. Expected learning outcomes – The case supports a basic lesson on the entrepreneurial cycle, including assessing a business opportunity, resource mobilization, identifying a business model, growth of the venture, listing on the stock market, and subsequent growth challenges. Students can learn about some of the typical dilemmas faced by founders of entrepreneurial ventures, including how to maintain the corporate culture while growing fast and how to prevent members of the founding team from becoming bottlenecks to the development of the organization. The case can also provide management students with an overview of China's wealth management industry. Supplementary materials – Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Close Please login | Abstract & purchase [ HTML & PDF (482kb) ] | Reprints & permissions |
| 4 | Financing technology startups: an entrepreneur's dilemma Author(s):Arun Kumar Gopalaswamy, Saji K. Mathew Title – Financing technology startups: an entrepreneur's dilemma. Subject area – Entrepreneurship, finance, technology and innovation, general management. Study level/applicability – This case is suitable for students in finance, entrepreneurship and general management. The case seeks to understand the challenges of funding in technology startups and how they vary from Read more Title – Financing technology startups: an entrepreneur's dilemma. Subject area – Entrepreneurship, finance, technology and innovation, general management. Study level/applicability – This case is suitable for students in finance, entrepreneurship and general management. The case seeks to understand the challenges of funding in technology startups and how they vary from product to service areas. Case overview – Availability of capital, short term and long term, is a major constraint faced by entrepreneurs. In India, in the technology sector, services companies have been able to innovate and grow whereas product-based companies that survived the challenges of funding have been scarce. Aluru Karthik Prasanth is presented in the case as a young entrepreneur with passion and drive to pursue the commercialization of an idea he developed during his undergraduate studies in engineering. Leaving behind the beaten paths of MTech and employment, he decides to pursue MS entrepreneurship at IIT Madras. As he starts with his program, he analyses the challenges faced by previous technology start ups, Karthik has a dilemma – deciding whether to follow a product idea or change his plans to a technology service. Expected learning outcomes – A detailed analysis of the case would help students address the following questions in entrepreneurial decision making: should an entrepreneur in technology in India pursue a product idea or service idea?. What are the pros and cons of each choice in financing? How can an entrepreneur pursue a product idea and minimize his/her risks? How does an entrepreneur's personal attributes influence his/her course? (e.g. family background, need for control) What are the challenges and opportunities in each kind of funding: debt, venture, angel, etc. in the Indian context? Supplementary materials – Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Close Please login | Abstract & purchase [ HTML & PDF (139kb) ] | Reprints & permissions |
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| 0 | Emerging entrepreneurship in Cuba Author(s):Marilyn M. Helms Please login | Abstract & purchase [ HTML & PDF (112kb) ] | Reprints & permissionsTitle – Emerging entrepreneurship in Cuba Subject area – Entrepreneurship; tourism and hospitality. Student level/applicability – Junior or senior-level business students as well as graduate-level (MBA and/or EMBA) classes in entrepreneurship, small business management, strategic management, international business or international economics. Case overview – Cuban tour guides working for the communist Castro Government dream of working for themselves or leaving for the USA. Their story is contrasted by a visit to Cuba as told by a US business professor. Expected learning outcomes – To compare entrepreneurship under capitalism that is slowly relaxing their communistic rules, to learn more about the island of Cuba and its potential for tourism and new venture creation, to understand the legal, social, political, historical and cultural barriers to entrepreneurship, to hypothesize or brainstorm potential new ventures for Cuba. Supplementary materials – Teaching notes; photos also available upon request from the author. Close |
| 1 | PETAWRAP: the Indian grilled wraps Author(s):Sonia Mehrotra Please login | Abstract & purchase [ HTML & PDF (253kb) ] | Reprints & permissionsTitle – PETAWRAP: the Indian grilled wraps Subject area – Entrepreneurship; Business Strategy; Business Environment courses. Study level/applicability – This case is appropriate for use in Masters in Business Administration (MBA) programs as well as advanced undergraduate courses. The case provides an apt simulation of the emerging Indian fast food companies in the competitive dynamics of Indian business environment. Case overview – Rakesh an MBA graduate from the University of Hartford, Connecticut, after four years of corporate experience, made a decision to start a business of his own. Thus, was born Infusions Foods Pvt Ltd (IFPL) an entrepreneurial venture of Rakesh Raghunathan. IFPL launched its fast food chain of grilled wraps under the brand name of PETAWRAP. The brand was positioned to target the recent consumer behavior shift of Indian consumers which was towards healthy, nutritious food combined with the concept of necessity-based eating out.IFPL had successfully opened six company owned outlets by March 2011. Their strategy for success was built on the age-old four-point formula of a good-quality product, at value for money prices, delivered efficiently to the customers. The absence of “a hygienic branded product” in this Indian fast food industry contributed to the initial success of their company. Rakesh believed that key to building the brand image depended on quality in terms of operations standardization and product quality. Expected learning outcomes – The case is structured to achieve the following pedagogical objectives: To identify the forces on which of an entrepreneurial opportunity is dependent; To analyze the changes in competitive dynamics of Indian fast food industry and identify the factors that lead to the emergence and acceptance of PetaWrap; To understand the challenges of building a brand in low-cost business model and the economics of cost incurred; To evaluate the business strategy and the business model adopted by the company for expansion. Supplementary materials – Teaching notes Close |
| 2 | Global loans in entrepreneurship (GLIE): ready, set, disaster Author(s):Romi Kher, Deborah Streeter Please login | Abstract & purchase [ HTML & PDF (66kb) ] | Reprints & permissionsTitle – Global loans in entrepreneurship (GLIE): ready, set, disaster. Subject area – This case is designed for an undergraduate entrepreneurship course dealing with the launch and growth of an entrepreneurial venture, including strategies for effective team building, especially with teams based in different countries. Study level/applicability – This case has been used in 300 and 400 level entrepreneurship courses. Case overview – The case tells the story of John Lee (CEO) and Regina Adams (President), the founders of a new business called global loans in entrepreneurship (GLIE) based in Singapore. GLIE facilitates micro-loans for small business owners in the developing world and specifically targets entrepreneurial development projects for the poor. Many social enterprises start their operations on a shoestring budget. Typically, the deficit of cash pushes the leadership to use creative strategies to move things forward, including recruiting individuals who are willing to work in the startup phase without monetary compensation. This case sheds light on what can happen when founders recruit and rely on a volunteer for essential technology development, vesting the individual with substantial power, and creating the possibility for him/her to delay or purposefully hold up the launch of the company. Expected learning outcomes – The case highlights the importance for someone on the founding team to have whatever core competencies are most critical to the firm. Additional themes are the importance of raising adequate funds at startup, the pitfalls of using volunteers in the wrong capacity, and the disastrous impact the wrong employee can have in a small firm setting. Supplementary materials – Teaching note. Close |
| 3 | ihere.tv – Thailand's online media entrepreneurs Author(s):Winai Wongsurawat Please login | Abstract & purchase [ HTML & PDF (57kb) ] | Reprints & permissionsSubject area – Entrepreneurship, strategic analysis. Study level/applicability – Entrepreneurship, strategic management, business in Asia. Case overview – This case describes the experience of a start-up online TV company in Thailand. It supplies details about how the business idea was hatched, what challenges the company is currently facing, and how the future prospects for the online media market in Thailand are unfolding. Expected learning outcomes – Participants are expected to be able to compare the similarities and differences between a textbook model of entrepreneurship and the real experience of the company described in the case. A better appreciation for basic strategic analysis such as examining internal strengths and weaknesses and understanding external opportunities and threats can also be developed. Supplementary materials – Teaching notes. Close |
| 4 | Alcohol consumption Author(s):Angela Poech, Tom C. Peisl, Tina Lorenz Please login | Abstract & purchase [ HTML & PDF (275kb) ] | Reprints & permissionsTitle – Alcohol consumption ad nauseam – without any consequences? Subject area – Ethical Entrepreneurship; Internationalization of small and medium enterprises (SMEs). Study level/applicability – Bachelor and Master courses in International Management and Entrepreneurship. Case overview – A German medical scientist developed a product which was able to absorb alcohol in blood and consequently reduced the alcohol-level. He tested it with the participation of 170 volunteers at a private party. The product was consumed after alcohol consumption and the result was an alcohol reduction by 20-70 per cent. In addition, the volunteers had either no or only small symptoms of a hangover. The students shall discuss the different business models the medical scientist could implement by taking into account ethical issues. To give them necessary working data, the case includes European environmental data (including information about the European food industry and the functional drink market), an insight into the European legal issues of starting a business in the food segment (including definitions of “food”, “food supplement” and “health claim regulation” and how these factors impact entrepreneurial decisions), current events in the European food branch and examples of possible competitors. The case is built on a real product development and on current information and facts. Expected learning outcomes – To become involved with entrepreneurial thinking and entrepreneurial decision-making. To debate ethical issues in the entrepreneurial process. To become aware of the complexity of internationalization in the field of SME as well as to reflect upon and sketch appropriate strategies. Supplementary materials – Teaching note. Close |
| 5 | Piping hot dogs: a case of a Malaysian franchise Author(s):Sethela June, Asmat-Nizam Abdul-Talib Please login | Abstract & purchase [ HTML & PDF (110kb) ] | Reprints & permissionsSubject area – Internationalization, entrepreneurship, franchising, international marketing. Study level/applicability – First year undergraduate students of Management courses. Case overview – This case is about a newly established fast food company that expands very rapidly in Malaysia. Growing from merely a single pushcart, the company has evolved into one of the most successful purely-local food franchise businesses with almost 100 franchises throughout the country and abroad. The company keeps on looking at bigger expansion plans abroad and eyeing the Middle Eastern markets. Expected learning outcomes – After carrying out this exercise, students are expected to be able: to understand how a new business start up grows; to provide a simple illustration on how internationalization of small firms can took place; to analyze the various factors of considerations prior to internationalization; to identify the basic issues of international franchising and how the system works. Supplementary materials – Teaching note. Close |
| 6 | The changing landscape for Chinese small business: the case of “Bags of Luck” Author(s):Lee Zhuang Please login | Abstract & purchase [ HTML & PDF (267kb) ] | Reprints & permissionsTitle – The changing landscape for Chinese small business: the case of “Bags of Luck”. Subject area – Business management, entrepreneurship, strategic management and business environment. Study level/applicability – Undergraduate and Masters level business and management programmes. Case overview – This case features a small labour intensive Chinese company, Bags of Luck (BoL), located in the south-eastern Fujian province. BoL makes ladies fashion handbags, unisex fashion backpacks and trendy lightweight cases for laptop and netbook computers for export to the US market. BoL have done very well over the years as a small private enterprise focusing on low-tech manufacturing and have managed to stay afloat through the most difficult period of the recent world recession. Currently troubled by fast changing market trends, rising material and employment costs, continuing appreciation of the Chinese currency, severe labour shortage, declining production volume and profitability, dated machinery, passive and reactive nature of business model, ineffective management structure and a complete lack of strategic vision, BoL is in deep crisis with its fate now hanging on the balance. Expected learning outcomes – The case provides encourages students to: research into a range of current business management issues; analyse the impact of environmental changes on the survival and growth of a business organisation; develop their strategic thinking informed by real life and real-time research and assess the impact of exchange rate changes on the Chinese economy and the sustainability of Chinese model of economic growth. Supplementary materials – Teaching note. Close |
| 7 | Fun 2 fit aerobics: the misadventures of Amy and Azi and a Malaysian start up! Author(s):Amran Rasli, Rosman Yusoff, Huam Hon Tat Please login | Abstract & purchase [ HTML & PDF (272kb) ] | Reprints & permissionsSubject area – Entrepreneurship. Study level/applicability – First year undergraduate students in business and management. Case overview – “The Misadventures of Amy and Azi” case presents a brief historical perspective of two partners' venture into the aerobic and fitness industry. The case discusses the partners' foray into the business world armed with great determination and a one year business plan but without proper understanding of the operational requirements of running a business. Though successful in the launching of the first studio, the initial success had blinded the vision of one of the partners, Azi who wanted to open another branch quickly. After a few months of operation, they realized that the second studio was a failure and had sapped the profit from the first centre. To make matter worse, the two partners are stuck with the second studio and have to find another premise for the first studio due to short-sightedness when signing the rental agreement. Expected learning outcomes – The case study enables the students to: understand the current business environment of fitness industry in Malaysia, appreciate the need for proper planning and control in starting a business, to be aware of the importance of understanding legal implications in starting a business, the need to conduct proper market research before starting and to understand multi-cultural and multi-religion issues in Malaysia. Supplementary materials – Teaching note. Close |
| 8 | Bridging the divide between diaspora investment interest and action Author(s):Liesl Riddle, Tjai M. Nielsen, George A. Hrivnak Jr Please login | Abstract & purchase [ HTML & PDF (216kb) ] | Reprints & permissionsSubject area – Entrepreneurship, management and emerging markets. Study level/applicability – Undergraduate and Graduate courses in Entrepreneurship, Managing in Developing Countries/Emerging Markets, Small Business Management, Social Entrepreneurship, International Business Case overview – IntEnt is a business incubator that provides training and other support services to nascent entrepreneurs, helping turn their investment ideas into successful business ventures. But IntEnt focuses on a unique clientele: diasporas, or migrants and their descendants, who dream of establishing a new venture back in their country of origin.The incubator is well known and respected by policymakers and migrants alike. Despite these successes, Mr Molenaar has struggled to grow and diversify IntEnt's funding base. He also is under increasing pressure from the foundation's stakeholders to define and measure the foundation's performance. But Molenaar is committed to expanding IntEnt's operations and continue to bridge the divide between diaspora investment interest and action. Expected learning outcomes – To understand and describe the financial-, human-, and social-capital challenges faced by transnational diaspora business ventures during the business development and launch phase.To explain how business incubators can provide solutions to the specific, unique problems that transnational diaspora entrepreneurs face, particularly in emerging markets. To discuss the governance challenges associated with operating a transnational business venture as well as those of an incubator aimed to support transnational entrepreneurship. Supplementary materials – Teaching note. Close |
| 9 | LifeSpring Hospitals: a social innovation in Indian healthcare Author(s):Krishnadas Nanath Please login | Abstract & purchase [ HTML & PDF (176kb) ] | Reprints & permissionsTitle – LifeSpring Hospitals: a social innovation in Indian healthcare. Subject area – Bottom of the Pyramid (BOP); social innovation and business modeling. Study level/applicability – Undergraduate and graduate level management/business school students. It can be taught in marketing management and entrepreneurship/innovation courses. Case overview – LifeSpring Hospitals Pvt. Ltd is an expanding chain of hospitals that provide high quality health care to lower-income women and children across Andhra Pradesh. It is a 50-50 equity partnership between Hindustan Latex Ltd and the Acumen Fund. LifeSpring has demonstrated exceptional management principles, some of them being the most innovative and attractive ones. The entire focus of LifeSpring is on one particular niche: maternal care. Some argue about its strategy of not adopting diversification, but LifeSpring has proved its point by actually turning out to be a profitable business. The strategy of focusing on one niche has led to reduction in cost in terms of specialized doctors and the range of equipment needed to serve. Adding to the strategic strength of LifeSpring, its operations (management) is perfectly aligned with the organization's vision and quality is achieved via highly standardized procedures for maternal care service. Expected learning outcomes – This case will cover two important aspects of BOP and social innovation. MBA students will investigate an innovative business model and apply their analytical skills to analyse the sustainability of the model. Supplementary materials – Teaching notes and exercise for class-based discussion. Close |