Chris Higgins was forced into the unenviable situation of determining the future of Ring-A-Wing, a London, Ontario-based fast food producer of premium chicken wings for home delivery. After making a personal loan to a friend wishing to put money into the company, the position devolved in significantly less than nine months from Higgins being a passive lender to being to sitting in a bankruptcy assembly attempting to determine the future of the company, a critical investor. This case is reflective of financing a small company sometimes works. It provides students a powerful window into the imperfect nature of individuals, the reality of having to make critical financial decisions without appropriate information and also the inherent risks one takes when making even the most apparently simple company decisions (such as making a personal loan to a pal).
Ring-a-Wing (A) case study solution
PUBLICATION DATE: February 04, 2011 PRODUCT #: W11016-HCB-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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