An MBA graduate, Doug Cook, was wrestling with one of the most important career decisions of his life: Which one of three seemingly promising companies should he get? Each acquisition was a viable chance, and each had potential to be a successful business. Cook, however, had heard numerous disconcerting stories about other entrepreneurs going through this process. He recognized that in his life he had made until this time the biggest purchase was a $250,000 condominium in downtown Chicago. Obtaining one of these businesses would demand a personal and financial commitment greater than anything he had ever tried. He felt a window of opportunity was closing. He might find himself in the corporate world eternally, if he did not act now. Cook started by writing a personal standards list for his acquisition up, then researching media and online sources for business for auction.
Aggravated with that procedure, he hired a business broker. The (A) case comprises income statements, pro forma forecasts, balance sheets, and organization charts for each company, in addition to Cook's financial analyses and valuation of each business. Ultimately he did buy the company, and in the (C) case, Cook analyzes pathways to growing his recently acquired firm.
PUBLICATION DATE: August 03, 2010 PRODUCT #: KEL484-HCB-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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