Alan Baird Case Summary
Statement of problem, opportunity, objectives
Alan Baird, the founding figure of Stitch it, a primarily mall based service provider which officers alteration services to the private and public sector, was now the company’s CEO. In 1990, Baird sold Stitch it to a business group after sales and income had begun to slow. After selling his company and having stayed on as CEO, he oversaw the growth of the company and overall expansion form the initial 3 stores under Baird’s direct leadership, to today’s 84 stores throughout Canada and the United States. Now having the opportunity to buy back his business venture, his daughter, Jennifer Baird has expressed her interest I becoming an executive in the Stitch It Group.
Analysis of situation …show more content…
Advantage: She would take this education into a tentative 10-year program her father will develop and expose her to real-life situations with the day-to-day operations of the group. Disadvantage: This option might deter her father from purchasing the group in the manner that it would be up to an additional four years of schooling before she can accompany and assist him the business operations.
Alternative #2: Alan Baird takes his daughter, Jennifer Baird, under his wing and shows her “the ropes” after completing her education at The University of Western Ontario and assigns her to and extended internship program after he accepts the offer to buy back his previous business group. Advantage: Alan Baird fulfills his dream to operate a family business; in addition he assures himself his daughter obtains the necessary exposure to the successes and failure of running the business. Disadvantage: Within time, Alan Baird might not have the physical stamina to run the family business and keep up with his daughter’s
Alan Baird, the founding figure of Stitch it, a primarily mall based service provider which officers alteration services to the private and public sector, was now the company’s CEO. In 1990, Baird sold Stitch it to a business group after sales and income had begun to slow. After selling his company and having stayed on as CEO, he oversaw the growth of the company and overall expansion form the initial 3 stores under Baird’s direct leadership, to today’s 84 stores throughout Canada and the United States. Now having the opportunity to buy back his business venture, his daughter, Jennifer Baird has expressed her interest I becoming an executive in the Stitch It Group.
Analysis of situation …show more content…
Advantage: She would take this education into a tentative 10-year program her father will develop and expose her to real-life situations with the day-to-day operations of the group. Disadvantage: This option might deter her father from purchasing the group in the manner that it would be up to an additional four years of schooling before she can accompany and assist him the business operations.
Alternative #2: Alan Baird takes his daughter, Jennifer Baird, under his wing and shows her “the ropes” after completing her education at The University of Western Ontario and assigns her to and extended internship program after he accepts the offer to buy back his previous business group. Advantage: Alan Baird fulfills his dream to operate a family business; in addition he assures himself his daughter obtains the necessary exposure to the successes and failure of running the business. Disadvantage: Within time, Alan Baird might not have the physical stamina to run the family business and keep up with his daughter’s