Subject category:
Entrepreneurship
Published by:
Babson College
Version: 11.06.02
Length: 21 pages
Data source: Field research
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Abstract
Family members of a 50-year-old small Kentucky distillery of fine bourbon try to deal with an intergenerational struggle on how to grow the company. The founder of the company abhors modern marketing and advertising techniques, preferring word-of-mouth recommendations from satisfied customers. His son, knowing the effectiveness of advertising, tries to pull his father into the twentieth century with little success. Unexpectedly, as the generations try to resolve their differences, the Wall Street Journal writes a front-page story about the virtues of the company''s bourbon. Sales boom and the father takes a softer line and agrees to advertise in the Wall Street Journal and a few other high-income print publications. The company is eventually sold to a major distributor but keeps the family employed in the production process. The next issue the family confronts is how to preserve the quality of the product as increased sales results in a need for more production facilities. The teaching note includes strategies for case presentation, key concepts, solutions to the assignment questions in the case, and suggestions for the most effective ways to work this case into a course.
About
Abstract
Family members of a 50-year-old small Kentucky distillery of fine bourbon try to deal with an intergenerational struggle on how to grow the company. The founder of the company abhors modern marketing and advertising techniques, preferring word-of-mouth recommendations from satisfied customers. His son, knowing the effectiveness of advertising, tries to pull his father into the twentieth century with little success. Unexpectedly, as the generations try to resolve their differences, the Wall Street Journal writes a front-page story about the virtues of the company''s bourbon. Sales boom and the father takes a softer line and agrees to advertise in the Wall Street Journal and a few other high-income print publications. The company is eventually sold to a major distributor but keeps the family employed in the production process. The next issue the family confronts is how to preserve the quality of the product as increased sales results in a need for more production facilities. The teaching note includes strategies for case presentation, key concepts, solutions to the assignment questions in the case, and suggestions for the most effective ways to work this case into a course.