By the early phase of 21st century, the economics of pedigree horse race in America was backwards - owners provided about four times as much money into the sport than the total amount of purse money accessible. Their horses raced as soon as possible, and for as brief a time as possible to prove that they were valuable for breeding- then sold them to breeding operations.
The business relied heavily on new entrants who had cash from outside horse racing to purchase and race their foals. Jess Jackson founded Stonestreet Farms. Distinct from most in the horse racing arena, Stonestreet was pre-occupied in breeding and racing horses and in both training. Two of its own horses, Curlin and Rachael Alexandra, won the coveted North American Horse of the year for three successive years, from 2007-2009. Both later became part of Stonestreet's breeding business. This case discusses the challenges facing breeders and owners in the North American thoroughbred racing industry.
Stonestreet Farms Making a Business in the Sport of Kings case study solution
PUBLICATION DATE: February 27, 2012 PRODUCT #: SPM50-PDF-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
Related Case Solutions & Analyses:
Levi Strauss & Co.: Global Sourcing (A)
Creating a Luxury Experience at Value Retail
How to reduce turnover intentions in the family business: Managing centripetal and centrifugal forces
Hebei Dawu Group: Building the First Family Business Constitution in China
Note on Human Behavior: Character and Situation
Human Resources at the AES Corp.: The Case of the Missing Department
The Yin-Yang of Management: The Quest for Dynamic Equilibrium
Strategic Agility in MNEs: Managing Tensions to Capture Opportunities across Emerging and Established Markets
The Mike and Vicky Case (B): Confidential Instructions for Vicky Blades
Ben Bernanke: Person of the Year?
