MIC food : shaping the right decision-making process for the future / Jennifer Pendergast, Sachin Waikar.

Format:

Book

Author/Creator:

Pendergast, Jennifer M., author.

Waikar, Sachin, author.

Series:

SAGE business cases.

SAGE business cases

Language:

English

Subjects (All):

Family-owned business enterprises--Decision making--Case studies.

Family-owned business enterprises.

Decision making--Case studies.

Decision making.

Physical Description:

1 online resource : illustrations.

Place of Publication:

London : Kellogg School of Management, 2022.

Summary:

This case concerns a family business's efforts to assess and shape collective decision-making among a large sibling leadership group and transition from an informal founder-led operation to a more formalized organization. In late 2021, the family behind MIC Food, a Miami-based processor and distributor of tropical fruits and vegetables, such as plantains, was led by six second-generation siblings, the children of the Honduran-immigrant company founders. The business had come through the onset of the COVID-19 pandemic well, with record expected annual revenue. But as competition and regulation increased, the siblings had to consider whether their informal decision-making-including weekly meetings and regular group texts-should be systematized to ensure strategic and efficient decision-making in the future. Readers will put themselves in the siblings' shoes to consider the best approaches to gaining consensus on strategy and growth goals; sharing power within the sibling group and, potentially, with executives brought in from outside; and creating vision and objectives for bringing the third generation into the enterprise.

Notes:

Description based on XML content.

ISBN:

1-0719-3126-1

9781071931264

OCLC:

1417358398