Watermill Ventures - The Case Centre

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Case

Reference no. 9-397-010

Subject category: Strategy and General Management

Authors: David A Garvin; Artemis March

Published by: Harvard Business Publishing

Originally published in: 1996

Version: 16 August 1996

Length: 21 pages

Data source: Field research

Topics: Mergers and acquisitions; Strategy formulation; Personal growth and transformation; Improving employee performance; Accounting standards

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Abstract

Watermill Ventures acquires and turns around an underperforming business. The case describes the criteria the company uses to identify acquisition candidates, its screening and selection process, and the way it introduces strategic thinking at the business it acquires. Steve Karol, Watermill''s founder, is concerned because the company has only acquired two companies in its three years of operation. He is considering a number of actions, including establishing a Web site to broaden the base of contact.

Locations:

Alabama; Massachusetts

Industry:

Iron and steel production

Size:

USD480 million revenues, 8 employees

Other setting(s):

1993-1995