Restructuring - Publications - Faculty & Research

25 Aug 2014
HBS Case

Starbucks Reinvented

of its VIA Ready Brew line; the launch of a loyalty program; investment in and engagement with social media; focus on a global expansion strategy; and the extension of social programs. The company closed stores, restructured its... View Details

Keywords: by Julia Hanna; Food & Beverage

March 2023 (Revised September 2023)
Case

Patagonia: 'Earth Is Now Our Only Shareholder'

By: Brian Trelstad, Nien-hê Hsieh, Michael Norris and Susan Pinckney

In September 2022, Yvon Chouinard, the iconoclastic founder of outdoor apparel company Patagonia, announced a new ownership model for his company. Chouinard and his family had held complete control of the company's voting and non-voting stock since its founding 50... View Details

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07 Jul 2021
Book

Good News for Disgraced Companies: You Can Regain Trust

problems start.” Regaining trust While some corporations still aren’t in the clear, Sucher says it’s possible to bounce back and points to Michelin as doing the right things to regain trust. In 1999, the tire manufacturer mishandled a layoff and View Details

Keywords: by Lane Lambert

25 Jun 2024
Research & Ideas

How Transparency Sped Innovation in a $13 Billion Wireless Sector

by about 17 percent, Greenstein explains. “There are lots of suppliers behind the scenes inventing new ways of designing their components and redesigning and restructuring the supply chain,” says Greenstein. “In our paper, we brought out... View Details

Keywords: by Jay Fitzgerald; Technology

01 Dec 2023
News

Research Brief: Staying in the Game

negotiating with creditors. Some large companies, meanwhile, rely on that protection to renegotiate their debt obligations and become financially healthier. Of the two types of filings, chapter 7 is the liquidation of business assets; chapter 11 is a tool often used by... View Details

Keywords: Jennifer Myers; Administration of Economic Programs; Government

May 2017 (Revised September 2018)
Case

Hilti Fleet Management (A): Turning a Successful Business Model on Its Head

By: Ramon Casadesus-Masanell, Oliver Gassmann and Roman Sauer

This case explores the introduction of fleet management in the construction industry by the premium power tools manufacturer Hilti in 2000. Following its customers’ needs, Hilti moved from selling power tools to leasing them as a service. The introduction of the new... View Details

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09 Jul 2020
Research & Ideas

It’s Time to Reset Decision-Making in Your Organization

actual problem.” Thus, diagnosis of the situation is a prerequisite to crafting a response. They argue that volatility should be met with agility; uncertainty with information; complexity with restructuring (with internal operations... View Details

Keywords: by Boris Groysberg and Sarah Abbott

16 Jul 2020
Research & Ideas

Restaurant Revolution: How the Industry Is Fighting to Stay Alive

robotics, to improve labor efficiency. Restaurants will need to address every aspect of fixed costs. Will restaurants be able to structure or restructure leases to make rent a variable expense linked to sales performance? Will consumers’... View Details

Keywords: by Michael S. Kaufman, Lena G. Goldberg, and Jill Avery; Food & Beverage

01 Feb 1999
News

Too Much of a Good Thing?

layoffs and lost revenues, for example - weak companies are artificially supported," he explains. "Other firms won't or can't restructure themselves or exit unprofitable businesses because they are too set in their ways, lack sound... View Details

Keywords: Garry Emmons

03 Oct 2005
Research & Ideas

The Truck Driver Who Reinvented Shipping

blur, we have generally tended to cite individuals as leaders when their innovations help restructure or reinvent an industry rather than create an entirely new one. For this reason, we see McLean as a leader. View Details

Keywords: by Anthony J. Mayo & Nitin Nohria; Manufacturing; Transportation; Aerospace

30 Mar 2003
Research & Ideas

The Future of IT Consulting

hyper growth during the 1990's, consulting is still in restructure mode. A high degree of industry adaptation in the IT consulting industry will be required in the future.— Nolan and Bennigson Within this context, Accenture has continued... View Details

Keywords: by Sarah Jane Johnston; Consulting

Web

Leadership Transitions | Baker Library | Bloomberg Center | Harvard Business School

President Nixon, took over as head of Lehman Brothers. His restructuring of the firm, including reducing the number of employees and expanding its financial services, resulted in record revenues. Under Peterson’s watch, Lehman Brothers... View Details

March 2016 (Revised May 2021)
Case

Michael Milken: The Junk Bond King

By: Tom Nicholas and Matthew G. Preble

Michael Milken, an investment banker who dominated the junk bond market in the 1980s, was sentenced to jail in 1990 after pleading guilty to a number of securities and tax-related felonies. In the preceding decade, Milken had helped usher in a new wave of leveraged buy... View Details

Keywords: Junk Bonds; High-yield Bonds; Financial Innovation; Shareholder Value; Bonds; Capital; Capital Structure; Cost of Capital; Crime and Corruption; Entrepreneurship; Ethics; Finance; Investment Banking; Leveraged Buyouts; Mergers and Acquisitions; Ownership; Private Equity; Restructuring; United States

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Professor WILLIAM E. FRUHAN, JR. is George E. Bates Professor, Emeritus at the Harvard Business School. He received his BS degree from Yale University, and his MBA and DBA degrees from Harvard University. He has served as Senior Associate Dean and Director of... View Details

Keywords: aircraft; airline; chemical; electronics; grocery; medical supplies; oil ＆ gas; pharmaceuticals; retailing; steel

2008
Article

Industrial Specialization and Regional Clusters in the Ten New EU Member States

By: Orjan Solvell, Christian H.M. Ketels and Goran Lindqvist

Purpose—The purpose of this paper is to provide an analysis of regional concentration patterns within ten new European Union (EU) member states, EU10, and make comparisons with EU15 and the US economy.
Design/methodology/approach—Industrial... View Details

Keywords: Geographic Location; Policy; Employment; Industry Clusters; Industry Structures; European Union; United States

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22 Feb 2018
Book

The New History of American Capitalism

for example, sometimes presented businesspeople as almost powerless actors who could do little more than watch as modernity restructured American business enterprises. By contrast, new historians of capitalism present businesspeople as... View Details

Keywords: Manufacturing

28 May 2020
Research & Ideas

Coronavirus Could Create a 'Bankruptcy Pandemic'

interest to find common ground on a plan that restructures the company’s debts and allows the business to continue. Even though creditors will typically be asked to make some financial sacrifices, such as accepting a reduction in what... View Details

Keywords: by Dina Gerdeman; Financial Services; Banking

20 Jul 2021
Research & Ideas

Bankruptcy Spells Death for Too Many Businesses

Chapter 11 bankruptcy protection is supposed to allow companies to shed debt and get a fresh start. Ideally, creditors recover most of what they’re owed as the restructured firm begins turning a profit. Yet, more companies are liquidated... View Details

Keywords: by Rachel Layne

24 May 2018
Research & Ideas

Distance Still Matters in Business, Despite the Internet

industries, then translate that into locations. A few technologies on the horizon appear to have the capacity to restructure specific industries. Among them are the deployment of new uses for AI (artificial intelligence), such as neural... View Details

Keywords: by Sean Silverthorne; Transportation; Telecommunications; Shipping; Publishing; Technology

November 2023 (Revised April 2024)
Case

Celsius Network Inc.: Fear, Uncertainty, and Doubt in the Brave New World of Crypto Bankruptcy

By: Stuart C. Gilson and Sarah L. Abbott

In July 2022, Celsius Network filed for Chapter 11 bankruptcy. CEO Alex Mashinsky acknowledged that Celsius had grown its assets “faster than the Company was prepared to deploy [them]” and as a result had made “certain poor asset deployment decisions.” Two months after... View Details

Keywords: Cryptocurrency; Chapter 11; Restructuring; Insolvency and Bankruptcy; Asset Management; Acquisition; Borrowing and Debt; Financial Services Industry; United States

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