GIRARD WINERY Armand Gilinsky, Jr., Terry M. Lease, & Julie Morrissey, Sonoma State University Raymond H. Lopez, Pace University Case Objectives and Use The case exposes students to the concept of developing a virtual business from a brand as well as the challenges of building an integrated business from a brand. It is designed for use at either the undergraduate or graduate level and in a Marketing, Finance, or Strategy course. The case exposes students the wine industry, particularly the high-end segment. Students can evaluate various strategies for brand growth and management in a mature industry context, assess industry attractiveness, assess the wisdom of a “virtual” resources acquisition strategy in a traditionally capital-intensive industry, and analyze a set of financial forecasts under conditions of great uncertainty. The instructor’s manual asks analysts to consider the capital-intensive nature of the industry, its long production cycles, and increasingly consolidated distribution channels before deciding on whether Girard Winery should maintain change its strategy. How should Pat Roney, CEO, proceed to build long-term value for his brand, with a view towards its eventual sale? Case Synopsis In late September 2003, Pat Roney, CEO of Girard Winery in California’s Napa Valley, had received a call from the editor of Wine & Spirits, who said that Girard had been selected as the magazine’s “Winery of the Year” for 2003. Girard had thus arrived as a nationally recognized wine brand. Girard operated in the high end of a highly fragmented wine industry segment. However, Girard was a “virtual winery.” It had neither vineyards nor production capacity to meet new demand. Inventories of its most acclaimed red wines had rapidly sold out. Since his acquisition of the Girard trademark for $800,000 in September 2000, Roney had been busy reintroducing the winery’s brands, while working on a plan to develop vineyards and build a fully integrated winery in an alliance with the Culinary Institute of America, also based in the Napa Valley. Roney’s strategy was to build on Girard’s reputation as a luxury brand, but market pressures led him to consider which products in his wine portfolio represented the “best bets” for the future. How long he could run Girard at full capacity as a virtual winery? A fully integrated winery project promised to be capital-intensive, tying up most of Roney’s available cash and leaving little room for error, since other people’s money and reputations would also be involved. On the other hand, Roney felt that, since he was not the winemaker and his name was not on the label, he needed a “real” winery—bricks and mortar—to build brand equity and create sufficient returns on investment to make the winery attractive for future sale. The authors developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case, instructor’s manual, and synopsis were anonymously peer reviewed and accepted by the North American Case Research Association (NACRA) for its annual meeting, October 7-9, 2004, Sedona, AZ. All rights are reserved to the authors and NACRA. © 2004 by Armand Gilinsky, Jr., Terry M. Lease, Julie Morrissey, and Raymond H. Lopez.Contact person: Terry M. Lease, School of Business and Economics, Sonoma State University, 1801 E. Cotati Avenue, Rohnert Park, CA 94928-3609, (707) 664-2020, terry.lease@sonoma.edu HIGH TECH BURRITO Armand Gilinsky, Diana Clark, & T. K. Clark, Sonoma State University Randall Harris, California State University, Stanislaus Case Objectives and Use The case is intended to put students in the CEO’s chair with Greg Maples as he examines a number of strategic options to grow his business: franchising, licensing, seeking external investors through venture capital or an initial public offering, or seeking the outright sale of HTB to a larger restaurant chain. Through analysis of the company (SWOT, Porter’s 5-Forces, financial ratios) the students are then taken through a discussion of the strategic alternatives facing HTB, including the possibility of franchising. The case also provides fertile ground for the discussion of a number of operational issues, including HR practices, staffing a service-based business, marketing, promotion and financial planning. Case Synopsis The High Tech Burrito (HTB) case is the study of Greg Maple’s restaurant business that started as a small well-located Burrito shop. From these humble beginnings, HTB had grown to be a sixteen-store enterprise in the San Francisco Bay Area. HTB had capitalized on the beginning of the “fast-casual” trend in the restaurant industry. In May 2003, Greg was considering several options for his business. Not everything had gone right for founder Greg Maples. His mother had died young, providing Greg with the small inheritance that got him started. He opened his first HTB store in 1986 in San Rafael, CA. His second store was opened in 1989 in Novato, CA. Growth was slow at first, and resulted in HTB squandering its early mover advantage. After several years, Greg had the opportunity to take on an investor, which he did. This case studies some of the advantages and consequences of investor financing. By the time the dust had settled, Greg was floundering in partnership issues, copycat competitors, co-branding opportunities, growth problems, and HR issues. The case examines HTB’s philosophy, their team, and their operational problems. Finally, the case discusses the strategic alternatives available to Greg Maples as he attempted to position HTB for future growth and success. The authors developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case, instructor’s manual, and synopsis were anonymously peer reviewed and accepted by the North American Case Research Association (NACRA) for its annual meeting, October 7-9, 2004, Sedona, AZ. All rights are reserved to the authors and NACRA. © 2004 by Armand Gilinsky, Diana Clark, T.K. Clark, and Randall Harris. Contact Person: Randall Harris, CSU, Stanislaus, 801 W. Monte Vista Avenue, Turlock, CA, 95382, 209667-3723, raharris@csustan.edu JETBLUE AIRWAYS, 2004 Brian Shutt & Mary Kay Sullivan (faculty supervisor) Maryville College Case Objectives and Use This case looks at a company very successfully employing a “low-cost” strategy. It allows exploration of how competitive advantage emanates from a set of interrelated activities. JetBlue’s value-creating activities promote the objectives of both low cost and customer service, making it very difficult for a competitor to replicate such a re-inforcing fit. The question here is this: How can JetBlue continue its success in the face of pending major changes in the industry. The case was written for undergraduate courses in strategic management. Case Synopsis JetBlue Airways Corporation offered low-fare, low-cost passenger air transportation on primarily point-to-point routes. It began service in February, 2000, out of New York’s John F. Kennedy Airport. JetBlue’s founder was David Neeleman, who had previously been involved in two other aviation start-ups. At the heart of the company’s success was its focus on the customer. The “JetBlue Experience” involved leather seats, a TV set at every seat, and friendly service. The company kept costs low through high levels of productivity. Aircraft utilization was the highest in the industry. Crewmembers were incentivized to be productive and distribution costs were low. With a new fleet of Airbus 320s, JetBlue saved training and maintenance costs. At the end of fiscal 2003, JetBlue Airways was flying high. It was one of only two profitable airlines in an industry plagued by high costs and the increased hassle of flying after the terrorist attacks of September 11, 2001. JetBlue’s operating margins in 2003 were 16.9%; the cost per available seat mile of 6.08 cents was well below the industry average. Market value added was substantial: $100 invested in JetBlue at the initial public offering in 2002 would have been worth $221 in December, 2003. But there were signs that the airline industry was on the cusp of change. Fractional ownership of small jets was increasing and new programs offered a certain number of hours of flight on a private jet at a fixed cost. In addition, the idea of “air taxi” service, using new “very light jets” was poised to become a reality. These changes could possibly upset JetBlue’s competitive advantage. Analysts were beginning to question the future of JetBlue. Would the airline’s strategy be sufficient for the coming decade? The authors developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case, instructor’s manual, and synopsis were anonymously peer reviewed and accepted by the North American Case Research Association (NACRA) for its annual meeting, October 7-9, 2004, Sedona, AZ. All rights are reserved to the authors and NACRA. © 2004 by Brian Shutt and Mary Kay Sullivan. Contact person: Mary Kay Sullivan, Maryville College, Maryville TN 37804-5907, 865-981-8234, marykay.sullivan@maryvillecollege.edu KODAK AT A CROSSROAD: THE TRANSITION FROM FILM-BASED TO DIGITAL PHOTOGRAPHY Boris Morozov & Rebecca J. Morris (faculty supervisor) University of Nebraska at Omaha Case Objectives and Use After reading and studying this case, students should be able to (1) understand the forces of change that were reshaping the business environment for firms in the photography industry in the twenty-first century; (2) understand the risks involved in developing corporate level strategy when the cash cow business is in a declining market; and (3) Understand the risks involved in competing in a market against newer and more nimble competitors. This case was developed for use in undergraduate and MBA level courses in strategic management. The case is designed to be positioned in the course during discussions of corporate level strategies. The case could also be used to illustrate a rapidly changing industry environment and the pressures the changes cause for traditional firms in the industry. The case may also be appropriate for undergraduate and graduate courses in marketing strategy. Case Synopsis In 2003, Eastman Kodak Company faced one of the biggest challenges in its long history: what should the company do now that demand for its traditional film products was rapidly declining. Should the company turn its back on traditional photography (about 70% of company revenues) to embrace new digital photography technologies? Was this strategy too risky for the company given that the digital photography arena was highly competitive and that many competitors had a head start on developing a coherent digital strategy. Should Kodak, a company whose name was synonymous with film and photographic papers, really exit a market so central to its identity? Stockholders and stock analysts were questioning whether Kodak was moving rapidly enough into the digital photography market. As the price for digital cameras and photo printers declined, consumers were embracing the new technologies much quicker than Kodak executives had expected. Although international photography markets held out some promise for growth in traditional photography, Kodak knew it was only a matter of time before the whole world “went digital.” They also knew that the decisions they made in 2003 were “make or break” decisions— Kodak was indeed at a crossroads and they held the future of this great company squarely in their hands. The authors developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case, instructor’s manual, and synopsis were anonymously peer reviewed and accepted by the North American Case Research Association (NACRA) for its annual meeting, October 7-9, 2004, Sedona, AZ. All rights are reserved to the authors and NACRA. © 2004 by Boris Morozov and Rebecca Morris. Contact person: 6001 Dodge Street, Roskens Hall 508K, Omaha, NE 68182, 402-554-3542, Rmorris@unomaha.edu. KRCB TELEVISION AND RADIO: THE CANARY IN THE COAL MINE? Teresa Marie Shern, Armand Gilinsky (faculty supervisor), & Robert Girling (faculty supervisor), Sonoma State University Case Objectives and Use This case was written to illustrate the challenges of management within nonprofit organizations. While the primary objectives and methods of operation differ between nonprofit and for-profit organizations, executives of nonprofit organizations should use a strategic approach to managing and positioning their organizations. The CEO has been with KRCB since its inception and faces the challenges of crafting strategy, setting the tone at the top, and preserving an entrepreneurial corporate culture. The main objectives are to: illustrate why organizations need to continuously update their mission/vision to guide future policy decisions; heighten student understanding of social entrepreneurship; give students practice assessing internal and external environments in a nonprofit context; give students an opportunity to develop a strategic plan for an organization amidst great uncertainty in its internal and external environments; and stimulate discussion about the role of the strategic leader in setting the tone at the top. This case is suitable for undergraduate and graduate level courses in Strategic Management, Nonprofit Management, Entrepreneurship, Social Entrepreneurship, and Leadership. It should be taught at the end of undergraduate or graduate level courses and is also suitable as a final exam. Case Synopsis In October 2003, Nancy Dobbs, President and CEO of Rural California Broadcasting Corporation, and her Board of Directors were faced with the reality that though they had continually run the station on a thin financial margin, things were not improving. KRCB-FM’s latest pledge drive had significantly missed its goal, as had pledge drives at other National Public Radio (NPR) stations around the San Francisco Bay Area. KRCB was faced with numerous challenges. These included: intense regional competition, industry consolidation, increased operating costs, technology changes (digital conversion), a declining number of volunteers, changes in the composition of its Board of Directors, a plateau in memberships, and a loss of underwriting from local businesses. What KRCB needed was a way to work beyond these issues, moving past the first 20 years of operation and forward into the next 20 years. The question remained as to whether or not the current leadership at KRCB was capable of developing strategies, marshalling resources to carry-out those strategies, and following-through with the necessary implementation. The authors developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case, instructor’s manual, and synopsis were anonymously peer reviewed and accepted by the North American Case Research Association (NACRA) for its annual meeting, October 7-9, 2004, Sedona, AZ. All rights are reserved to the authors and NACRA. © 2004 by Teresa Shern, Armand Gilinsky, and Robert Girling. Contact person: Teresa Shern, School of Business & Economics, Sonoma State University – Rohnert Park, 1801 E. Cotati Avenue, Rohnert Park, CA 94928, 707-765-6941, teresa_shern@yahoo.com LIBERTY MOVING AND STORAGE Stuart Rosenberg, Dowling College Case Objectives and Use This case demonstrates the importance of having a succession plan strategy in a family-owned business. The process of passing control of a business can be more problematic when family members are involved. Family businesses might not undertake the level of planning for succession that other types of organizations would. This lack of strategy can cause serious implications for the business, including uncertainty and frustration among family members, which could affect ongoing profitability. The teaching note was written for undergraduate or graduate courses in Strategic Management. Because many of the problems related to the human side of succession planning are even more acute in this case, it can also be used in courses in Organizational Behavior. Case Synopsis Mike Federico, the president and chief executive officer of Liberty Moving and Storage Co., Inc., had run the family business for several years and was approaching retirement. His two sons, Mike Jr. and Anthony, were in their thirties and both had been in the business since the 1990s, but no formal plan for succession existed. In early 2003, Liberty Moving and Storage received a critique of its operations and management structure from the American Moving and Storage Association. The report cited a number of operating issues within the business that required improvement. The central finding in the report was that the leadership of Liberty Moving and Storage was poor and that it threatened the growth and profitability of the company. Mike and his wife, Cindy, had started thinking about passing the business on to Mike Jr., who had assumed increased responsibilities at Liberty Moving and Storage in recent years. However, the report pointed out that Mike Jr. had no college education and lacked the necessary skills to take over the business. The report presented three options in connection with the senior management structure of the company. The first option would be to bring in an outsider to report to Mike as an executive vice president while grooming Mike Jr. The second option would be to promote Mike Jr. to president now and to hire a business coach to help with his personal development. The third option would be to continue the organization as it was currently structured. Mike and Cindy were uncertain as to which was the right approach for Liberty Moving and Storage, illustrating the fact that a strategic business plan, including a plan for succession, might have helped to avoid the situation that they presently found themselves in. The author developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case, instructor’s manual, and synopsis were anonymously peer reviewed and accepted by the North American Case Research Association (NACRA) for its annual meeting, October 7-9, 2004, Sedona, AZ. All rights are reserved to the author and NACRA. © 2004 by Stuart Rosenberg. Contact person: Stuart Rosenberg, School of Business, Dowling College, Idle Hour Boulevard, Oakdale, NY 11769-1999, 631-244-3423, rosenbes@dowling.edu MEDIMMUNE, INC.: MANAGING GLOBAL SUPPLY CHAINS Douglas N. Ross & Sharma Pillutla, Towson University Christopher Hodge, MedImmune, Inc Case Objectives and Use This case shows how a growing biotechnology company must come to grips with changes in focus and direction. It is suitable for use in strategic management, small business/ entrepreneurship and supply chain management courses. It has been used in an undergraduate business policy and strategy course and makes a nice case for student presentations. It can be used effectively midway into a strategy course which demonstrates the link between strategy development and strategy implementation. It can be used in supply chain management courses to demonstrate the strategic elements of supply chain design and the need for such a design process to be rooted in a broader strategic approach. The case could be used to emphasize the importance of government regulation in a Business and Society course. Teaching objectives include: expose students to the challenges faced by a growing biopharmaceutical company as it adapts its supply chain to new demands; expose students to the critical aspects of dealing with a federal regulatory regime; understand the relevance of competitive analyses and evaluate whether MedImmune can meet its financial challenges. Case Synopsis The case presents the opportunity to look at an important new industry, a player of growing capability in the marketplace, and assess the hurdles of multiple supply chains that confront companies in this phase of development. Further, the case sets out the “symbiotic” relationship between biotech companies and regulators. Due to the $1.6 billion acquisition of Aviron (and with it FluMist), MedImmune reported a $1.1 billion loss in 2002 but MedImmune has a $250+ million positive cash flow. In 2001 sales were $619 million, while in 2002 sales rose to $848 million, a 37% increase. Results from 2003 are expected to top $1 billion. In fifteen years, MedImmune has become one of the leading firms in its product development of monoclonal antibodies (MAb). Antibodies are produced by the body’s immune system as a response to an “invading” substance such as pollen grains. Their flagship product, launched in 1998, is Synagis, which currently accounts for over 80% of revenues. Synagis tackles the leading cause of premature infant’s hospitalization due to bronchitis and bronchiolitis. MedImmune’ s original R&D focus has morphed into “Operational Excellence” involving the design of global supply chains for both mature and developing products. Whether firm strategy, and its supporting structure, can re-focus to capture market share is an open question. The authors developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation. The authors developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case, instructor’s manual, and synopsis were anonymously peer reviewed and accepted by the North American Case Research Association (NACRA) for its annual meeting, October 7-9, 2004, Sedona, AZ. All rights are reserved to the authors and NACRA. ©2004 Douglas N. Ross, Sharma Pillutla and Christopher Hodge. Contact person: Douglas N. Ross, Towson University, 8000 York Road, Towson, MD 21252, 410-704-4071, dross@towson.edu MOUNT VINTAGE PLANTATION GOLF CLUB Peter Basciano, Don Howard, & Nabil Ibrahim Augusta State University Case Objectives and Use The case shows how three entrepreneurs initiated a potentially profitable but risky golf community development. The project is experiencing growing pains and has not completely met the investors’ expectations. They are facing several critical issues in the management, marketing and financial areas. The case was written for business school graduate and undergraduate courses in business strategy, entrepreneurship/small business, and/or marketing strategy. Case Synopsis Mount Vintage Plantation Golf Club, located in southern Edgefield County of South Carolina, is a world class golf club that opened in March, 2000. It began with the desire of Bettis Rainsford, a local businessman and history enthusiast, to develop the land that was formerly known as Mount Vintage Plantation. In the early 1990's, he and his partner, Talmadge Knight, purchased the fourth-thousand-acre former plantation. They were joined by Price Howard in 1998 who served as President and CEO until recently. The initial plan was to develop Mount Vintage Plantation as an equestrian community. After discovering that there was limited demand for such a club in the area, the two partners considered the development of a golf community. A feasibility study was undertaken to determine whether there was sufficient demand for another golf course in the area and, if so, whether the Edgefield County location they had chosen was suitable. Despite indications that the market could not support another golf club, the owners proceeded to develop Mount Vintage Plantation Golf Club. The Club is in its fourth year of operation and has enjoyed great initial success. It began with a successful public offering which netted 150 member subscribers. The Club achieved positive cash flows in its first three years. Recently, Price Howard, who served as the first Club President, retired. Club Manager, Brian Thelan, has been appointed interim Club President. Also, during the first few months of the year the Club operation has failed to meet its financial plan and the owners and Advisory Board members have expressed some concern. Thelan is in line for promotion to Club President but feels the owners are watching carefully to see how he deals with the challenges at hand. Thelan is faced with several important decisions as he plans the upcoming Advisory Board meeting. The authors developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case, instructor’s manual, and synopsis were anonymously peer reviewed and accepted by the North American Case Research Association (NACRA) for its annual meeting, October 7-9, 2004, Sedona, AZ. All rights are reserved to the authors and NACRA. © 2004 by Peter Basciano, Don Howard and Nabil Ibrahim. Contact person: Peter Basciano, College of Business Administration, Augusta State University, 2500 Walton Way, Augusta, GA 30904-2200, 706-667-4535, pbasciano@aug.edu PFSWEB AT THE STRATEGIC TIPPING POINT: GROW, MERGE, OR DOWNSIZE Neil Jacobs, Kathryn S. Savage, & Christopher M. Scherpereel Northern Arizona University Case Objectives and Use This case is appropriate for senior-level strategy or policy courses, or senior-level human resource management courses. The case could also be used in MBA level course. Topics in the case include assessment of business strategy, evaluation of alternatives for cash strapped, underperforming business, and downsizing considerations from a human resources perspective. A complete case analysis should accomplish the following teaching objectives: quantitative and qualitative analysis of a firm’s business model; identification of the stakeholder impacts of restructuring; human resource issues in the restructuring of an organization. Case Synopsis Mark Layton, CEO of PFSweb, faced some difficult decisions. PFSweb provided a full slate of distribution services to clients who wished to outsource all or part of their distribution function. Despite strong capabilities and technical infrastructure, and an increasing trend for businesses to outsource non-core functions, PFSweb was operating under capacity. The firm had experienced difficulty attracting new clients and closing deals, in part due to post 911 cautiousness, the dotcom bust, and a recessionary economy. The firm was also reacting to an IPO separation from Daisytek, the firm’s former parent and largest client. Investor and client confidence in PFSweb was declining, and the cash drain from operations was a concern for management. Steps had been taken, particularly in the sales and marketing functions, to generate additional revenue from existing and new clients. While progress had been made, generation of new business was slowed by a lengthy sales cycle. Additionally, excess operational costs were draining cash reserves. Under Mark’s direction the management team was exploring several alternatives to improve the financial health of PFSweb. The team had identified three alternatives: PFSweb could continue their growth strategy and count on significant revenue increases; PFSweb could find a partner for merger and take advantage of the synergies available through the merger; or PFSweb could take immediate steps to downsize, forgoing immediate growth and becoming a leaner, organization. Mark Layton was troubled about the impact these alternatives would have on PFSweb’s stakeholders, especially the employees. PFSweb was at the tipping point and a quick decision was required. The authors developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case, instructor’s manual, and synopsis were anonymously peer reviewed and accepted by the North American Case Research Association (NACRA) for its annual meeting, October 7-9, 2004, Sedona, AZ. All rights are reserved to the authors and NACRA. © 2004 by Neil Jacobs, Kathryn S. Savage & Christopher M. Scherpereel. Contact person: Neil Jacobs, College of Business Administration, Northern Arizona University, PO Box 15066, Flagstaff, AZ 86011-5066, (928) 523-7382, Neil.Jacobs@nau.edu PHOENIX ORGANIC Eva Collins & Stephen Bowden, University of Waikato Kate Kearins, Auckland University of Technology Case Objectives and Use The case shows the evolution of a niche natural and organic beverages manufacturer in New Zealand. The founders of Phoenix had committed to operating the company in a sustainable way with respect to the triple bottom lines of economic, social and environmental objectives. In looking forward the founders were searching for growth. Most of the success of the company had been based on a single channel – New Zealand cafes – where Phoenix had almost maximised their penetration by May 2004. Therefore, growth required change in products, channels or geographic markets. The case is designed to explore the tensions that exist between growth and sustainability on a number of levels. Environmentally, the growth of Phoenix raises challenges in terms of organic supplies as well as the footprint of the company through issues such as the use of fossil fuels in transportation. Competitively, the growth of Phoenix raises the likelihood of a response from much larger competitors such as Coca-Cola. The case was originally written for an undergraduate strategy case competition and is designed for use in undergraduate and MBA courses in strategy, entrepreneurship and/or business, government and society. Case Synopsis In 1987, Chris Morrison and his partner Deborah Cairns started making a naturally fermented ginger beer in their apartment. They hand-washed old bottles and hand-filled them with the ginger beer. By May 2004, Phoenix Organic had grown to become New Zealand’s leading manufacturer of premium certified organic and natural beverages. And they had done all of this while living up to their vision of making a business that was good for the planet and good for the health of its people. Yet despite a growth rate of 25% over the last three years, sales were still only NZ$6.5 million – this was still very much a small business. Despite carving out a strong niche in the New Zealand non-alcoholic beverage industry Chris, Deborah and co-founder Roger Morris were all unified in their enthusiasm for growth. The question was how – through new products such as the Chai they had launched, through new channels such as supermarkets, through new markets such as Australia or Malaysia, or through some combination. Whatever option they chose it needed to not only be good for Phoenix, but good for the planet as well. The authors developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case, instructor’s manual, and synopsis were anonymously peer reviewed and accepted by the North American Case Research Association (NACRA) for its annual meeting, October 7-9, 2004, Sedona, AZ. All rights are reserved to the authors and NACRA. © 2004 by Eva Collins, Stephen Bowden and Kate Kearins. Contact person: Stephen Bowden, Department of Strategic Management & Leadership, University of Waikato, Private Bag 3105, Hamilton, New Zealand, 64-7-838-4472, sbowden@waikato.ac.nz PORT OF TAURANGA LIMITED Stephen Bowden, University of Waikato Case Objectives and Use The case shows the evolution and operation of the Port of Tauranga Ltd (PTL). As well as being New Zealand’s leading port, Tauranga has demonstrated exceptional efficiency in international benchmarking. Part of the explanation for that lies in the way that PTL manages the network of relationships needed to operate the port – successfully engendering both co-operation and competition. As well as being an exemplar in its efficiency and customer service, PTL is also committed to the sustainability focus and the triple bottom lines of economic, social and environmental objectives. Under uncertain demand conditions, PTL must seek out growth options which do not compromise its principles. The case provides for the analysis of the competitive advantages that are engendered by PTL relative to other ports as well as the competitive context that PTL operates in. The case was originally written for an undergraduate strategy case competition and is designed for use in undergraduate and MBA courses in strategy, international business and/or business, government and society. Case Synopsis Jon Mayson, Chief Executive of the Port of Tauranga Limited, looked out his office window across the pristine harbour on a beautiful spring day in October 2003. To the south the port itself was a hive of activity with ships being loaded and unloaded on both the Mt Maunganui and Tauranga sides of the operation. The efficiency of those activities had seen the Port of Tauranga achieve considerable success under Mayson’s leadership – including being named the top port in the most recent international benchmarking survey. To the north Jon looked out towards the harbour entrance and the natural beauty that first drew him to Tauranga many years ago. Maintaining the harmony between economic, social and environmental concerns was critical to the sustainability business model that Jon believed in. But the challenges ahead would not be easy. As the largest export port in New Zealand, the Port of Tauranga was very vulnerable to the current downturn for exporters – particularly the forestry industry. The increased diversity of cargo that Tauranga handled and the multi-port strategy adopted over recent years certainly helped, but where to now? The author developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case, instructor’s manual, and synopsis were anonymously peer reviewed and accepted by the North American Case Research Association (NACRA) for its annual meeting, October 7-9, 2004, Sedona, AZ. All rights are reserved to the authors and NACRA. © 2004 by Stephen Bowden. Contact person: Stephen Bowden, Department of Strategic Management & Leadership, University of Waikato, Private Bag 3105, Hamilton, New Zealand, 64-7-838-4472, sbowden@waikato.ac.nz STRATEGY MEETS “SECURITY” IN THE PORT OF BALTIMORE Douglas N. Ross & Douglas M. Sanford, Jr. Towson University Case Objectives and Use The Port of Baltimore case provides an introduction to the use of stakeholder management and the creation and implementation of strategy in a complex organization. Security is a new strategic imperative in the post-9/11 business environment that requires new technology and human resources practices. While the traditional challenge of making positive long-term profits does not necessarily apply, students will learn how the Port of Baltimore (POB) competes with other ports on the eastern seaboard. Students will learn how the POB can deal with the Maryland State appropriation process to obtain investment capital. Students will also investigate how POB deals with other challenges including negotiating with powerful unions and updating technology. Case Synopsis The Port of Baltimore administration, within its political context, must balance many stakeholder interests to carry out its mission. At the same time it must compete as a business. Management faces economic, social and political challenges simultaneously. The case provides information on the strategic management challenges facing the Port of Baltimore (POB). Of primary importance is the challenge of ensuring security both of port facilities and ensuring that prohibited materials do not enter the USA. POB competes with other Eastern seaboard ports, and the case discusses the nature of various ports’ competitive advantages. Revenues and costs are separated, and profit maximization in the traditional sense is not the primary strategic objective. The case alludes to the different, political, “currency” that POB generates. Other management challenges described in the case are dealing with powerful unions and updating technology. The authors developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case, instructor’s manual, and synopsis were anonymously peer reviewed and accepted by the North American Case Research Association (NACRA) for its annual meeting, October 7-9, 2004, Sedona, AZ. All rights are reserved to the authors and NACRA. ©2004 Douglas N. Ross and Douglas M. Sanford, Jr. Contact person: Douglas N. Ross, Towson University, 8000 York Road, Towson, MD 21252, 410-704-4071, dross@towson.edu UPPER MOHAWK VALLEY REGIONAL WATER BOARD Sanjay Varshney & Edward Petronio State University of New York Institute of Technology Case Objectives and Use This case gives students practice in identifying a nonprofits strategy, determining how well it is doing, and sizing up whether it is capable of sustaining itself in today’s marketplace. It has students do a serious assessment of a company's financial performance, the business model, and its potential for competitive success against well established water companies. Also, the case has students make future estimates of profitability and viability in order to determine the water board’s options (Sell out, expand into other local regions, lower the cost of the existing participants thru effective marketing campaign). Case Synopsis The village of Utica formed a water company in the beginning of the 18th century. During the next 200 years, the Utica Water Works Association acquired lands, reservoir sites, and reparation rights. In 1938 the city of Utica purchased in whole and by the end of the 20th century the city was in a financial mess. They faced a number of impending fines by the federal government for failure to comply with orders to bring the water company up to minimum federal standards. During this time pressure by leaders in the city, county, state and federal government forced the city to sell out to a new ownership structure which is presently known as the Upper Mohawk Valley Regional Water Board (UMVRWB). The current board faces a number of challenges at the present time. The infrastructure is old and needs upgrades, government regulation is costly and increasing, safety and security problems are heavy burden, the area is economically depressed which leads to underutilization of the distribution system. The board is at a crossroad and needs to decide what to do. The board has available a number of strategic options. They could sell out, expand customer base, expand geographically, or maintain their current strategy. The authors developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case, instructor’s manual, and synopsis were anonymously peer reviewed and accepted by the North American Case Research Association (NACRA) for its annual meeting, October 7-9, 2004, Sedona, AZ. All rights are reserved to the authors and NACRA. © 2004 by Sanjay Varshney and Edward Petronio. Contact person: Edward Petronio, School of Management, SUNY Institute of Technology, P.O. Box 3050, Utica, NY 13504, (315) 635-7516, feap@sunyit.edu THE US CATTLE INDUSTRY – DEVELOPING A FREE TRADE STRATEGY Patricia Holman & Tom Hinthorne Montana State University-Billings Case Objectives and Use The objectives are to enable students to: (1) Evaluate the forces shaping the evolution of an industry. (2) Understand the complexities of trade negotiations and evaluate the stakeholders, including: (a) their strengths and weaknesses, objectives and strategies, and measures of success and (b) the likelihood their strategies may produce unanticipated outcomes sufficient to require strategic adjustments by other stakeholders. (3) Analyze the effects of working to reduce tariffs, export subsidies, domestic subsidies and tariff rate quotas. (4) Develop and articulate industry scenarios and their use in the strategic planning process. The case writers developed the case for graduate courses in business strategy, international business, and agribusiness. Case Synopsis In June 2004, twenty-five members of the Ranchers-Cattlemen’s Legal Action Fund United Stockgrowers of America (R-CALF) had gathered in Billings, Montana, to discuss R-CALF’s strategy for dealing with the highly distorted global market in which US cattle producers had to compete. R-CALF represented the US cattle producers in trade and marketing issues. It had more than 10,000 members in 46 states and over 60 affiliated local and state cattle and farm organizations. Its legal counsel, Terry Stewart, international trade lawyer and managing partner of Stewart and Stewart, led the discussion. Terry’s firm had offices in Washington D.C., Belgium, Russia, and the Ukraine. Leo McDonnell, Jr., rancher, co-founder and President of RCALF had invited you, an outside consultant, to attend the discussion. At the end of the day, you met with Leo and several other R-CALF members; and Leo said: I’m looking for someone to make a 30-minute presentation at R-CALF’s annual convention in January 2005 in Denver. If you decide to take this job, here’s what I’d like you to do: (1) talk about the primary forces shaping the live cattle industry, in particular, the global forces our members are less familiar with, (2) project the most likely industry scenarios, and (3) give us a cohesive strategy the industry will support. Think about it and let me know. We appreciated your input today. The case sketches the forces shaping the evolution of the US live cattle industry, including the recent World Trade Organization negotiations and the US Trade Representative’s negotiation of free trade agreements (e.g., with Australia) and a Free Trade Agreement of the Americas. The authors developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case, instructor’s manual, and synopsis were anonymously peer reviewed and accepted by the North American Case Research Association (NACRA) for its annual meeting, October 7-9, 2004, Sedona, AZ. All rights are reserved to the authors and NACRA. © 2004 by Patricia Holman and Tom Hinthorne. Contact person: Patricia Holman, College of Business, Montana State University-Billings, 1500 University Drive, Billings, MT 59101-0298, 406-657-2035, pholman@msubillings.edu WHERE’S THE SYNERGY?: THE ACQUISITION OF SWITCHBOARD, INC. BY INFOSPACE, INC. Raymond M. Kinnunen & Joseph W. Chevarley, Jr. Northeastern University Case Objectives and Use This is a case based on two companies which were survivors of the dotcom era – Switchboard, Inc. and Infospace, Inc. The case presents industry data, the history and strategy of the two companies, and company statements by the Presidents of the two companies regarding their views on the outcome of their merger. The case is ideal for analyzing the strategy behind the combination and projecting the results in terms of market positioning and financial performance. The case is appropriate for strategic management courses when focusing on the entrepreneurship and innovation and technology modules. Case Synopsis Switchboard was the first to create a nationwide directory of white pages and yellow pages online in 1994. Its easy-to-use web site – www.switchboard.com – offered a broad range of functions, content and services, including yellow pages, white pages, and product searching capability, detailed and accurate maps with complete driving directions, complete marketing and internet services as well as an innovative tool for online promotions. The company’s stock reached a high of $32 after its IPO which took place in March 2000, but like other internet companies Switchboard saw its stock price crash. Switchboard was profitable in 2003, with net earnings of $2.1 million, or $.10 per share, on revenues of $15.2 million. Infospace was one of Switchboard’s most significant competitors. The two companies shared a similar path, focusing on paid searches, directory services, and experienced the same financial turmoil during the “DotCom Bust”. In January 2004, Infospace said it expected annual income for 2004 of $21-26 million and revenues of $195-205 million. In 2003 the company had a loss of $6.3 million, or -$0.20 per share on revenue of 160.1 million. On Friday March 2, 2004, Infospace announced that it would acquire Switchboard for $7.75 a share or approximately $160 million in total, which represented a 28% premium over the closing price of $6.05 on the previous day. The authors developed the case for class discussion rather than to illustrate either effective or ineffective handling of the situation The case, instructor’s manual, and synopsis were anonymously peer reviewed and accepted by the North American Case Research Association (NACRA) for its annual meeting, October 7-9, 2004, Sedona, AZ. All rights are reserved to the authors and NACRA. © 2004 by Raymond M. Kinnunen and Joseph W. Chevarley, Jr. Contact person: Raymond M. Kinnunen, Northeastern University, Boston, MA 02115, 617-373-4736, r.kinnunen@neu.edu