Scott Group (B): The Next Stage in the Entrepreneurial Journey

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Compact case

Case

Reference no. IMD-3-1460

Subject category: Strategy and General Management

Authors: Joachim Schwass (International Institute for Management Development (IMD)); Donna Everatt (International Institute for Management Development (IMD))

Published by: International Institute for Management Development (IMD)

Originally published in: 2004

Version: 19.04.2005

Length: 3 pages

Data source: Field research

Topics: Entrepreneurship; Leadership; Entrepreneurial finance; Venture capital; Human resource management (HRM)

Share a link: https://casecent.re/p/63075

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Abstract

This is the second of a two case series (IMD-3-1459 and IMD-3-1460). Disagreements between the venture capital fund that had purchased Scott USA and senior managers who remained loyal to the company founder and previous Chairman, Tom Stendahl continue. The fund divests various divisions of the company, including Scott brand. A management buy-out ensues, with Stendahl, and 25 of his senior managers having an equity stake in the company. Within three years, all debt was repaid and the company had risen from near ruin to become a formidable adversary in the fiercely competitive global sporting goods industry. Stendahl remained as a strategic advisor to the company and shares some key lessons.

Location:

Europe, Switzerland

Industry:

Sporting goods

Size:

Medium-sized

Other setting(s):

2004