Subject category:
Finance, Accounting and Control
Published by:
China Europe International Business School
Length: 7 pages
Data source: Field research
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Abstract
Headquartered in Beijing, Wanbo is a distributor of computer components in Northern China. It supplies a variety of products to computer assemblers and retailers in small and medium-sized cities. Wanbo had been growing rapidly, from RMB3 million annual sales in 2001 to RMB100 million in 2006. It projected another 50% growth rate in 2007, but the high growth rate had left little time for the management to properly develop the organisation and formulate policies. The incapacity of the finance department and HR (human resources) management were the major issues hindering Wanbo''s long-term growth. The case poses questions about the strategy and the financial viability of the future growth plans.
Location:
Size:
50 employees
Other setting(s):
January 2007
About
Abstract
Headquartered in Beijing, Wanbo is a distributor of computer components in Northern China. It supplies a variety of products to computer assemblers and retailers in small and medium-sized cities. Wanbo had been growing rapidly, from RMB3 million annual sales in 2001 to RMB100 million in 2006. It projected another 50% growth rate in 2007, but the high growth rate had left little time for the management to properly develop the organisation and formulate policies. The incapacity of the finance department and HR (human resources) management were the major issues hindering Wanbo''s long-term growth. The case poses questions about the strategy and the financial viability of the future growth plans.
Settings
Location:
Size:
50 employees
Other setting(s):
January 2007