Peter Jepsen, a newly minted MBA, has purchased a furniture hardware manufacturing business utilizing debt and investors equity that in a very brief time is about to trigger bank covenants because of poor fiscal performance.
The prior owner continues to be involved in the business, handling key customers and anticipating a healthy make-out and Jepsen and some advantageous transaction closing adjustments considers the wisdom of having him involved. Additionally, he's detected an illegal practice to avoid customs duties that's been going on for years and condoned by the owner. He has taken steps to bring on new hires and outsource to cut back costs, but the faltering economy is lowering his earnings. While keeping the assurance of his board he has to determine just how to handle his banking relationships, the caliber of staff he needs and react to the falling revenue.
Peter Jepsen case study solution
PUBLICATION DATE: July 23, 2012 PRODUCT #: 813046-PDF-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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