This is an additional case to Stitch It (A), product amount 909M22. The Stitch It Group (Stitch It) is a mall-based clothing alteration service. Having formerly sold Stitch It to its present owners in 1990 (keeping the chief executive officer (CEO) position), the founder and CEO was presented with the opportunity in 2003 to repurchase the business. Having initially sold the company because he was too cash-strapped to grow it himself, Stitch It had since grown from three store locations to 84 stores under three brand names spread throughout the USA and Canada.
Would he provide the appropriate technical training to Jennifer to become comfortable with all facets of the company's business, and improve leadership abilities and her business acumen? The founder and CEO had one week to inform the owners of his intent to buy and he felt it was a whole lot, considering the chance for increase. If the founder and CEO concluded to buy his firm back, he wondered how exactly to train Jennifer to take over the business one day.
Stitch It Group Inc. (B) case study solution
PUBLICATION DATE: September 24, 2010 PRODUCT #: 910M87-HCB-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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