Discuss the positive and negative effects of Andy’s involvement in

Draw from the lecture “Strategy in the Family Business” and develop a SWOT analysis for The Woodville Republican (only bullet points, please!). In the SWOT, would you view the family’s involvement in the business to be a strength or a weakness?

2. What role does Elise “Lili” Lewis play in the family business? Describe the role that Lili adopted as the CEO Spouse. Is Lili in her role as CEO spouse an asset or a liability for The Woodville Republican (TWR)?

3. Does Andy Lewis possess the appropriate knowledge, skills and abilities for the job of editor and publisher of TWR? List and discuss his key strengths. Assess Andy’s level of family-firm commitment relative to all four bases of commitment discussed in class.

4. Case Exhibit 5 provides profiles of Andy’s three daughters. Based upon the information in Exhibit 5 and other information in the case, do you see that any of Andy’s daughters would be inclined to join TWR? Explain your reasoning.

5. Help Andy convince his daughters to join the family business! What are the personal advantages for family employees to work in a family business such as TWR? There are several negatives and disadvantages mentioned in the case that may discourage his daughters to join. What are they? Why would you recommend Andy Lewis to avoid forcing any of his daughters to join the family business?

6. Why does Andy Lewis not have a succession plan in place?

7. In the table below, there are several alternatives listed that Andy Lewis could pursue to move forward. For each alternative, identify and discuss the potential advantages (positives) and disadvantages (negatives).

 

Alternative Potential Advantage/Positives Potential Disadvantages/Negatives
Taking little or no action and letting things go naturally as they have been    
Strongly encouraging his daughters to join the family businesses immediately    
Bringing in a non-family editor to serve as a bridge until a family member may be ready to take over    
Selling the paper and the insurance agency to someone outside the family    
Growing the paper electronically and expanding coverage of the newspaper beyond Woodville    

 

8. If Andy Lewis decides to look for a successor, who, besides his daughters, could follow him in his leadership role at TWR? Where should he “hunt” for a potential successor? What qualities and qualifications should the successor ideally have? Develop a successor profile (bullet point format, please)!

9. Discuss the positive and negative effects of Andy’s involvement in the family-owned insurance agency on his role as publisher and editor of TWR.

10. Draw from the Socio-Emotional Wealth (SEW) perspective and discuss the differences in the level of “affective endowment (i.e. the non-financial rewards)” that TWR provides for Andy and Lili versus the members of the fifth generation (i.e. the three daughters).

11. One of Andy’s alternatives is to sell TWR. Who would be the best buyer for TWR (aside from financial considerations)? Help Andy to formulate a sales pitch for TWR! What would be the key selling point? In other words, what would you consider to be the most strategically relevant resource(s) of this enterprise as it evolved over the generations?

12. Let’s assume Andy decides to sell TWR to an outsider. What is the value of TWR? Refer to the income statement provided in Case Exhibit 3. Calculate a conservative estimate of the value of TWR with the discounted future earnings approach for 10 years of Cash Flow. Assume that the rate of return on a similar risk investment is 15 percent (this is the WACC: https://www.investopedia.com/terms/w/wacc.asp). Assume that there will be no earnings growth for the next 10 years (although the income statement shows a net income increase since 2009). Use https://www.mortgagecalculator.org/calcs/business-valuation.php (or your accounting and/or finance textbook and/or if you have not taken accounting or finance do your own research for the formula) for your calculations. Again, your estimate should be a conservative low-end figure.

 

Discuss the positive and negative effects of Andy’s involvement in the family-owned insurance agency on his role as publisher and editor of TWR.

WE OFFER THE BEST CUSTOM PAPER WRITING SERVICES. WE HAVE DONE THIS QUESTION BEFORE, WE CAN ALSO DO IT FOR YOU.

Assignment status: Already Solved By Our Experts

(USA, AUS, UK & CA PhD. Writers)

CLICK HERE TO GET A PROFESSIONAL WRITER TO WORK ON THIS PAPER AND OTHER SIMILAR PAPERS, GET A NON PLAGIARIZED PAPER FROM OUR EXPERTS

Order from Academic Writers Bay
Best Custom Essay Writing Services

QUALITY: 100% ORIGINAL PAPER NO PLAGIARISM - CUSTOM PAPER

Why Choose Us?

  • 100% non-plagiarized Papers
  • 24/7 /365 Service Available
  • Affordable Prices
  • Any Paper, Urgency, and Subject
  • Will complete your papers in 6 hours
  • On-time Delivery
  • Money-back and Privacy guarantees
  • Unlimited Amendments upon request
  • Satisfaction guarantee

How It Works

  • Click on the “Place Your Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
  • Fill in your paper’s requirements in the "PAPER DETAILS" section.
  • Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
  • Click “CREATE ACCOUNT & SIGN IN” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
  • From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.

About AcademicWritersBay.com

AcademicWritersBay.com is an easy-to-use and reliable service that is ready to assist you with your papers 24/7/ 365days a year. 99% of our customers are happy with their papers. Our team is efficient and will always tackle your essay needs comprehensively assuring you of excellent results. Feel free to ask them anything concerning your essay demands or Order.

AcademicWritersBay.com is a private company that offers academic support and assistance to students at all levels. Our mission is to provide proficient and high quality academic services to our highly esteemed clients. AcademicWritersBay.com is equipped with competent and proficient writers to tackle all types of your academic needs, and provide you with excellent results. Most of our writers are holders of master's degrees or PhDs, which is an surety of excellent results to our clients. We provide assistance to students all over the world.
We provide high quality term papers, research papers, essays, proposals, theses and many others. At AcademicWritersBay.com, you can be sure of excellent grades in your assignments and final exams.

NO PLAGIARISM
YOU MAY ALSO READ ...  Pros and Cons of Interest Groups, and Corporations