An MBA graduate, Doug Cook, was wrestling with one of the most important career choices of his life: Which one of three apparently promising businesses should he get? Each acquisition was a feasible chance, and each had possibility to be a successful business. Cook, however, had heard numerous disconcerting stories about other entrepreneurs going through this process. He recognized that until this time the biggest purchase he had made in his life was a $250,000 condominium in downtown Chicago. Acquiring one of these companies would need a personal and monetary 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 didn't act now.
Cook began by writing a personal standards list for his acquisition up, then researching on-line and media sources for companies for sale. Irritated with that procedure, he hired a trade broker. The (A) case comprises income statements, pro forma forecasts, balance sheets, and organization charts for each company, in addition to Cook's fiscal analyses and valuation of each business. The (B) case features the letter of intent that Cook gave the owner of the firm he chosen. Ultimately he did purchase the company, and in the (C) case, Cook examines pathways to growing his newly acquired business.
PUBLICATION DATE: August 03, 2010 PRODUCT #: KEL486-PDF-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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