Stitch It Group (Stitch It) is a shopping mall-based clothing change service. Previously sold stitch it to the current owners in 1990 (retaining the Chief Executive Officer (CEO) position), founder and CEO was presented in 2003, the option to purchase the company. As originally sold the business because he was too cash-strapped to grow it yourself, Stitch It has since grown to three locations store up to 84 stores under three brands spread throughout Canada and the United States. In determining whether to buy the company he founded, founder and CEO is also necessary to consider the expressed interest of their daughter Jennifer to be executive in the firm. How would he provide Jennifer with the appropriate technical training to become familiar with all aspects of the company and improve its business acumen and leadership skills? Founder and CEO had one week to inform owners of its intention to purchase, and he felt that it was a good deal, given the opportunity for growth. Even if the founder and CEO of the company decided to buy, he wondered how to train Jennifer take over the business one day. "Hide
by Ken Marcus, David Simpson Source: Richard Ivey School of Business Foundation 5 pages. Publication Date: March 17, 2009. Prod. #: 909M22-PDF-ENG
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