06 Aug Case AnalysisFasteners for RetailDue: March 24, 20
Case AnalysisFasteners for RetailDue: March 24, 2020 (submit hard copy individually at the beginning of class)Worth: 20% of final mark (73 marks distribution below)Outline:1. Identify the process you would use as a Family Business Practitioner (FBP) assuming youwere hired to help the Conway family with a Family Business Succession Plan be specific.For interviews, who would you interview? Use names and be as specific as possible with theprocess (order of interviews, what is in report, etc.). (Total marks: 13)2. Need to present what 5 Guiding Principles you think would help the Conway family. Need toclearly identify why you think this GP would help the family. Make sure to apply thisprinciple to the family with concrete recommendations based on each principle (1 mark forprinciple, 2 why/how this will help the family use case facts, 2 for recommendations foreach principle) (Total marks: 25)*****DO NOT use governance as 1 of your principles given the below question.3. What governance structures should be implemented to manage the:a) The Family (7 marks)b) The Business (7 marks)c) The Owners (7 marks)Please identify what structure should be used (1 mark), who would participate in it it (1mark), frequency of the meetings (1 mark), the objective of the structure (2 marks) andwhat topics should be discussed at the meetings for each structure (2 marks). Note: youcan add, remove, or change any current governance structures they currently use. (Totalmarks: 21)4. Should Gerry sell the company, appoint a nonfamily CEO, or persuade another familymember to come into the business? (Total marks: 5)5. What was Gerald Conway doing to lead (Total marks: 9):a) Nonfamily Employees (3 marks)?b) Active family members (3 marks)c) Non-Active Family members (3 marks)
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