Product details

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Subject category: Entrepreneurship
Originally published in: 2019
Version: 1-Mar-2019
Length: 64 pages
Data source: Generalised experience

Abstract

This is part of a case series. Litan had asked Jim if he would still help him with the company even though Jim would have no official or legal role. Jim had replied that he was willing to help out in any unofficial capacity he could. Litan requests advice on applying for Government funding promising to be more truthful and open with Jim. Litan also said that he was determined to devote himself full time to the company and to this end was going to give up his current job to work full time. Moreover, he said that he had met up with a BDM from Lloyds and a couple of private investors and all of them had expressed their interest in having one- to-one meetings with him to discuss the project in detail. After meeting Litan Jim asked Litan if giving up his job at this time was wise as he had a family to support and was in the country on a visa. Litan replied that he had discussed this with his wife and that she would continue working and that anyway he was fed-up working two jobs and wanted to concentrate on the company and its development. In fact, given his experience after applying for a bank account and funding aid from Edinburgh Chamber of Commerce, he was thinking of relocating to Edinburgh. However, Litan fails to inform Jim, even though he is not part of the company, that he has put his name on the funding application. Further inappropriate actions occur with ultimately Jim informing Litan that he would no longer enter into any discussion about EATS and its actions. Litan is subsequently deported.

Teaching and learning

This item is suitable for undergraduate and postgraduate courses.

Time period

The events covered by this case took place in 2010-2013.

Geographical setting

Region:
World/global
Countries:
United Kingdom; India

Featured company

Euro Advanced Technologies
Employees:
2-10
Turnover:
GBP 0
Type:
Self-owned
Industry:
Technology
Other keywords:
Start-up failure; Business Plan failure; costing failure; Leadership failure; communication failure; team building failure

About

Abstract

This is part of a case series. Litan had asked Jim if he would still help him with the company even though Jim would have no official or legal role. Jim had replied that he was willing to help out in any unofficial capacity he could. Litan requests advice on applying for Government funding promising to be more truthful and open with Jim. Litan also said that he was determined to devote himself full time to the company and to this end was going to give up his current job to work full time. Moreover, he said that he had met up with a BDM from Lloyds and a couple of private investors and all of them had expressed their interest in having one- to-one meetings with him to discuss the project in detail. After meeting Litan Jim asked Litan if giving up his job at this time was wise as he had a family to support and was in the country on a visa. Litan replied that he had discussed this with his wife and that she would continue working and that anyway he was fed-up working two jobs and wanted to concentrate on the company and its development. In fact, given his experience after applying for a bank account and funding aid from Edinburgh Chamber of Commerce, he was thinking of relocating to Edinburgh. However, Litan fails to inform Jim, even though he is not part of the company, that he has put his name on the funding application. Further inappropriate actions occur with ultimately Jim informing Litan that he would no longer enter into any discussion about EATS and its actions. Litan is subsequently deported.

Teaching and learning

This item is suitable for undergraduate and postgraduate courses.

Settings

Time period

The events covered by this case took place in 2010-2013.

Geographical setting

Region:
World/global
Countries:
United Kingdom; India

Featured company

Euro Advanced Technologies
Employees:
2-10
Turnover:
GBP 0
Type:
Self-owned
Industry:
Technology
Other keywords:
Start-up failure; Business Plan failure; costing failure; Leadership failure; communication failure; team building failure

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