Peter Jepsen, newly minted MBA, bought the furniture hardware for businesses using debt and equity investors, which in a very short period of time is going to cause the bank covenants due to poor financial performance. To the owner continues to be involved in the business, handling key customers and expect to earn a healthy departure and some favorable adjustments to the closing of the transaction and Jepsen believes that wisdom is to have him involved. In addition, he discovered illegal practices to avoid customs duties, which has been going on for many years and with the connivance of the owners. He has taken steps to bring on new employees and outsourcing to reduce costs, but the faltering economy is to reduce their income. He must decide how to manage their banking relationships, the caliber of staff it needs, and respond to the decline in revenue, while maintaining confidence in his government.
About to break the bank covenants Peter Jepsen has to do with the previous owner of the disputed, improve profitability and staff properly all while maintaining the trust of its investors, the company furniture hardware he owns less than a year. "Hide
by Howard H. Stevenson, Michael J. Roberts, James M. Sharpe Source: Harvard Business School 16 pages. Publication Date: July 23, 2012. Prod. #: 813046-PDF-ENG
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